Investment Guide

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INITIAL REQUIREMENT

Applicant to submit written applications to Lekki Free Zone Development Company FZC(LFZDC);
Signing the “Memorandum of Understanding” in Lekki LFZ with validity period of 3 months

ENTERPRISE REGISTRATION

Applicant / investors to complete and submit application forms and other supporting documents
Applicant / investors to pay a non-refundable application / registration fee at the amount corresponding to the investor’s investment category;
“Provisional Approval Letter” would be issued by LFZDC to the applicant investor;
“Operating License” would be issued by LFZDC to the applicant / Investor.

EXECUTION OF THE INVESTMENT AGREEMENT AND ISSUANCE DEED OF LEASE

Execution of the “ Investment Agreement”;
Investment Agreement and other necessary documents would be notarized;
“Land Sub-lease Certificate”would be issued to the investor by LFZDC upon full payment of the land lease fee by the investors;
Deed of Sub-lease and other necessary documents would be notarized.

DEVELOPMENT AND CONSTRUCTION OF THE INVESTMENT PROJECT (LAND DEVELOPMENT WITHIN ONE YEAR)

Investor to submit the construction plan and design schemeof the investment project in the Zone to LFZDC within sixmonths from the date of issuance of the “Deed of Sub-lease”;
Letter of Approval for the construction plan and design scheme would be issued after review of the same by LFZDC;
Investor to commence construction of the investment project in the Zone within 6 months from the date of issuance of the Letter of Approval;
The site inspection would be conducted and the approval to be issued by LFZDC before the investor commences the equipment installation of the investment project;
Equipment commissioning would be carried out by the investors;
Investor to write a written notice to zone managementwhen it’s time to commence production.