A Certificate of Capital Importation (CCI) is a certificate issued by an Authorised Dealer (the Bank), on behalf of the Central Bank of Nigeria. It is issued to a foreign investor as evidence of importation of cash (foreign currency inflow) for direct capital investment either as equity or debt/loan; and also, for importation of machinery and equipment for investment as equity or debt/loan. It guarantees the repatriation of dividends and capital out of the country, at the official market rate.
In 2016, the CBN automated the process and migrated to the use of electronic CCI (e-CCI), hosted on a platform maintained by the CBN and as such hard copies certificate are no longer issued by the Banks.
RUBYLEX LP offers CCI advisory services to assist foreign companies with investments in local companies and/or their local subsidiaries to obtain CCI for repatriation of profits or investments in the event of a divestment. Our dedicated team has the requisite experience to provide the CCI advisory and support services to foreign companies.
Our services include:
RubyLex LP is a law firm committed to providing bespoke services with a focus on governance, compliance and business support to homegrown, startups and international clients with business interests across all sectors of the Nigerian economy.
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