Nigerians accounted for 15 % of all applicants to Grenada’s citizenship‑by‑investment (CBI) programme in the first nine months of 2025, making them the largest single nationality in the scheme.
On 1 January 2026 the Nigeria Tax Act came into force, imposing tax on residents’ worldwide income regardless of where the income is earned or remitted. The Act defines tax residence on any one of the following tests:
- Domicile in Nigeria
- Permanent home in the country
- Habitual abode in Nigeria
- Substantial economic and immediate‑family ties to Nigeria
- Physical presence of 183 days or more in any 12‑month period
Residents are subject to marginal tax rates that rise to 25 %. Income taxed abroad can be credited against the Nigerian liability, allowing advisers to estimate the net cost of holding assets in another jurisdiction before a client commits.
Trusts and the Tax Act
If a settlor who is a Nigerian resident can revoke a trust or continues to control and manage its assets, the trust’s worldwide income is taxable in Nigeria. Trustees must assess whether their structures meet this definition.
Private Lagos Briefing – “Investment Without Borders”
A one‑day advisory briefing will be held on Thursday, 15 October 2026 at The George Hotel, 30 Lugard Avenue, Ikoyi, Lagos (10:00 a.m.–1:00 p.m.). The event, titled Investment Without Borders: Global Wealth, Mobility & Jurisdictional Access, is aimed at professionals who advise high‑net‑worth (HNWI) and ultra‑high‑net‑worth (UHNWI) clients on wealth, mobility, residency and citizenship planning.
Agenda highlights
- Presentation on global wealth, mobility and residency/citizenship planning by Rachael Kerry, Investment Programs Expert for Africa at Immigrant Invest.
- Guest speaker from an international tax firm’s private‑client and family‑wealth practice covering cross‑border tax and succession planning.
- Practical case discussions and networking over refreshments.
Host – Immigrant Invest
Immigrant Invest has operated in residence and citizenship‑by‑investment since 2006. Headquartered in Malta, the firm is a government‑licensed agent in 25 jurisdictions across the EU, the Caribbean and the Middle East, including Grenada. Its team of roughly 100 professionals (lawyers and AML compliance officers) screens applicants rigorously; the firm reports a 99 % success rate across more than 10 000 client cases. Advisers referring clients are expected to ensure that applications meet the firm’s acceptance criteria.
Attendance
The briefing is open to professionals in wealth management, trusteeship, family offices, tax advisory, private‑client advisory and legal services, particularly those whose clients hold or are considering a second residence or citizenship.
- How to RSVP: Contact Rachael Kerry directly at [email protected] or +234 708 284 9383. No registration form is required.
Source article: www.imidaily.com
