A minor cannot be a director in a limited company, but can only be a shareholder where two or more people are of full age.
A foreign participation like foreigners as directors attracts a share capital of 10million naira. Where the person is a Nigerian but has a foreign passport, it is still a foreign participation.
A firm can become a secretary of a company through a representative
An existing company can only become a shareholder of a company through a representative
A foreign company or foreigner without residential permit cannot be a proprietor of a business name.
A foreigner who wishes to register a business name, must be resident in Nigeria with residential permit