Experts for Africa
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Hi:I'm interested in starting a small business in Seoul, South Korea that would sell one signature food item ~ one that the South Koreans will go crazy for. I'm interested in getting information regarding start up costs, how to obtain a business license, as I am an American citizen, how to rent a small restaurant space and whether or not it would be more beneficial to go in with a Korean busi
Total Posts: 3 Last post by dianaeddie
Dear Sir / Ma'amI am looking to start a new trading business .Like most start ups my I have low caputal, however I am looking for opportunities with African countries that are high growth and start business relation and trading set up fo with these countries. Could you advise the way I can go about doing this and which countries and persons I could target / approach. Thanks!
Total Posts: 2 Last post by innompila
Ask the Experts: Emmanuel Ekpenyong
Nigeria Legal Expert
Nigeria Legal Expert
Emmanuel graduated from the Faculty of Law, Ahmadu Bello University, Zaria in 2006 and the Nigerian Law School with a Second Class (Upper Division) respectively. He was called to the Nigerian Bar in November, 2007 and joined Strachan Partners, a leading commercial law firm in Nigeria in September 2009. In October 2011, he moved from Lagos to Abuja to establish and manage the Abuja practice of the firm. In 2014, he joined other partners to establish Fred-young & Evans LP, a full service commercial law firm and Fred-young Recoveries, an international debt collection firm.
Emmanuel is experienced in recovery of diverse debts across borders. He has been engaged in prominent commercial litigations at the High and appellate courts and has acted as counsel in both domestic and international commercial arbitrations. He is involved in several public interest litigations like the suit by some Federal law makers in Nigeria against the Federal Government on the constitutionality of the Excess Crude Account and the recent suit to compel the Attorney General of Federation of Nigeria to promulgate an order and rules for effective enforcement of foreign judgments in Nigeria.
Emmanuel has represented trade unions in labor related disputes and has negotiated Collective Agreements on behalf of Employers. He is exposed to Nigeria’s corporate and intellectual property practice and advises both foreign and local clients on foreign investments, due diligence, business formation and corporate governance. He has represented foreign hospitals, financial institutions, oil servicing, real estate, steel manufacturing and construction firms in Nigeria.
Emmanuel has authored several international publications on alternative dispute resolution and arbitration, debt collection and insolvency, enforcement of local and foreign judgments and arbitral awards, intellectual property, employment law and labor relations, telecommunications, real estate and construction. Mondaq awarded him Contributor with Most Popular Article in Nigeria in November 2015, May and June 2017 and Contributor with Most Reader Response in Nigeria in November 2015, January, February, April 2016, March and June 2017. He is profiled as a National Expert in Getting the Deal Through: Restructuring, Insolvency and Copyright. ACQ5 awarded him, Gamechanger of the year, 2017.
Emmanuel is a Member of the Nigerian Bar Association, Member, Chartered Institute of Arbitration, United Kingdom, Abuja Chapter, Member of International Association of Managing Partners, Legal Adviser and a Board Member of Children and Young People Living for Peace in Nigeria, a non-profit youth movement for good governance and the welfare of young persons in Nigeria. He is currently a postgraduate student of International Business Law at the University of Liverpool. He is listed as a foreign associate with James Ling Attorney at Law, China
Hi Mr Emmanuel , we owned a franchise brand called "Kioda" it's actually a Korean concept chain store with various products . The main concept of "Kioda" are cute and colorfully , we wish to bring happiness to all our customer . We selling awesome products with affordable price and now we wish to expand our business into Nigeria . And my question is is that a good concept for Nigeria market ? And can you assist us in business expansion in Nigeria ? Question from Dave Tan on 11/10/2017
Thank you for your question.
Nigeria is a very huge market. With a population of over 170 million people, 36 different States and the Federal Capital Territory, Abuja, Nigeria promises great returns on investment. There are some chain store in Nigeria such as Shoprite, Next, Sahad Stores, Spa to mention but a few. The fact that these stores are expanding their businesses to other towns within a State and other States of the Federation shows that they are doing well.
Kioda is a very good concept for the Nigeria market. Apart from the fact that Nigerians like something new and interesting, Kioda will compete favorably with other stores if they have more products in a one shop environment. Kioda stores should be sited where it is easily accessible to buyers . There products should be of the highest quality and if need be cheaper than that of other stores. Koida store should have the ambience of class and a mix of both Korean and Nigerian culture. The stores should be spacious and there should be adequate parking space to accommodate buyers.
We are Business Lawyers and we operate a commercial law firm in Nigeria called, Fred-young & Evans LP. We are experience in start up business in Nigeria. We are glad and willing to assist you with your business expansion in Nigeria and we have no doubt in our hearts that it will be a worthwhile experience.
Please contact us on firstname.lastname@example.org; email@example.com and mobile number +234 8034912096 for more details.
We look forward to hear from you.
Emmanuel Ekpenyong Esq. MCIArb. (UK)