Restructuring a Family-Owned Construction Group in Nigeria

Client Overview

A family-owned construction group in Nigeria, managed by non-Nigerian family members, sought to restructure their business. Their goals included formalising ownership across family members, accounting for international operations, and establishing a holding structure that recognised and safeguarded the contributions of different family roles.

Specialist Services Used:

Goals

  • Formalise ownership of the group across non-Nigerian family members.
  • Account for international operations and expenses in the structuring.
  • Design a holding structure that recognises and protects family involvement across different roles within the group.

Our Recommendations

To meet the client’s goals, we designed a custom structure that addressed the client’s unique needs and focused on flexibility, tax efficiency, and succession planning.

01.

Create an offshore holding company in Gibraltar to align with international tax and regulatory considerations.

02.

Establish a trust to protect family assets and support inheritance planning.

Set up separate entities for distinct activities, simplifying operations and protecting shareholder rights.

03.

Develop structured funding channels to ensure compliant and efficient financial management for Nigerian operations.

Outcomes (To Date)

The construction group implemented our recommended structure, facilitating smoother ownership transitions among family members. Despite facing bureaucratic requirements in Gibraltar, the new framework enhanced tax efficiency and shareholder protection. The family continues to engage us for ongoing support as they refine these transitions.

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