Nigeria–Turkey Investment Relations
Nigeria and Turkey have a bilateral investment protection agreement and growing economic cooperation. Both countries are G20 members (with Nigeria joining the G20 as a guest) and members of international trade bodies. Turkey has been expanding its trade presence in Sub-Saharan Africa, with Nigeria as a key partner.
Nigerian entrepreneurs in Turkey are active in trading, textiles, logistics, and professional services sectors. Turkey has become an important sourcing hub for Nigerian businesses importing goods from Europe and Asia. Turkish Airlines connects Istanbul and Lagos with extensive African routes. The Turkey-Africa Business Council promotes bilateral investment.
Can Nigerian Citizens Open a Company in Turkey?
Yes. Citizens of Nigeria can form a company in Turkey with 100% foreign ownership. Turkish law does not require a local partner or Turkish shareholder. Nigerian nationals receive equal treatment under the Turkish Commercial Code, with the same rights and obligations as Turkish-owned companies.
There are no sector restrictions specific to Nigerian investors — the vast majority of business activities are open to foreign companies without special permissions.
Visa & Work Permit Information
Nigerian citizens need a visa or e-Visa to enter Turkey for business purposes. Visa applications can be processed at Turkish embassies and consulates. Work permits require a separate application to the Ministry of Labour after company registration.
Foreign shareholders who do not intend to work or reside in Turkey do not need a work permit or residence permit to own a company. However, if you plan to actively manage your Turkish company from Turkey, a work permit is legally required.
Recommended Company Type
The most common structure among Nigerian investors is the Limited Liability Company (LLC / Ltd. Şti.).
LLC (Ltd. Şti.)
- Min. 50,000 TRY capital
- 1–50 shareholders
- Simple management structure
- Best for SMEs and service businesses
Joint Stock (A.Ş.)
- Min. 250,000 TRY capital
- 1+ (no limit) shareholders
- Board of directors required
- Best for large-scale or IPO-track businesses
Branch Office
- No separate legal entity
- No minimum capital
- Extension of parent company
- Best for companies testing the market
Requirements for Nigerian Citizens
- Valid passport from Nigeria
- Turkish tax identification number (vergi numarası)
- Registered business address in Turkey
- Notarized Articles of Association (in Turkish)
- Minimum share capital deposit at a Turkish bank
- Power of attorney (if forming remotely without visiting Turkey)
Formation Process
- Consultation — Choose your company type, define business activities, and plan your structure
- MERSIS Pre-Registration — Enter company details in Turkey's central registry system
- Articles of Association — Draft, notarize, and sign (or via power of attorney)
- Bank Account & Capital Deposit — Open a Turkish bank account and deposit at least 25% of capital
- Trade Registry — File with the local Trade Registry Office
- Tax & Social Security — Register with the tax office and SGK
- Work Permits — Apply if foreign managers or employees will be based in Turkey
The process typically takes 5–10 business days once all documents are prepared. If documents need apostille or consular legalization from Nigeria, allow additional time.