Widely regarded as a developing country, Niger’s economy focuses on subsistence and agriculture and raw material export, particularly uranium ore. Debt relief initiatives have reduced the country’s debt levels, and around half of the budget stems from foreign donor resources. Growth is hoped to be achieved by mining, particularly the exploitation of oil, gold, coal, and other mineral resources.
The government is eager to attract foreign private investment which will in turn boost economic growth and development. The United Nations Development Programme (UNDP) has significantly aided it in its efforts to invigorate the private sector. This has meant that the privatization of water distribution and telecommunications industries have been initiated, with more expected, as well as the removal of price protections for petroleum products.
The legal system, to all intents and purposes, follows French civil law, with some customary-law alterations. There are no religious courts, and customary courts, which are to be found in significantly urban areas, are presided over by a legal practitioner.
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Niger - Experience
International Outsourcing Service Provider
We have assisted this world-leading service provider in IT outsourcing in setting up in Chad. We have advised on company incorporation, outsourcing procedure and detailed employment and employee tax advice. We are assisting with employee notifications and transfers as well as all the relevant registrations and procedures.
Branch Establishment - International IT Consulting Firm
Acting for one of the world’s largest IT consulting firms, we advised on procedure for establishing a branch in Niger, applicable tax rules, rules on repatriation of funds, foreign control and ownership, employment law and land ownership.
Banking Regulation - Major International Bank
We have assisted a major international bank in determining its in-country rules for opening bank accounts and offering ﬁnancial services. This involved a review of the regulatory environment, legislation and industry rules, as well as speaking to industry players in-country to determine established practice.
International NGO – set up and registration
We have assisted a major US-based international NGO in determining the rules and procedures for establishing in Niger, hiring staff and opening an ofﬁce. In addition we have researched the tax beneﬁts and employment laws.
Regulatory Review – Telecommunications Equipment
Acting for a US-based equipment manufacturer and service provider, we have reviewed the regulatory regime in 5 countries in the region to see what licences are required and how they are obtained for the installation and operation of the client’s equipment. We are providing further advice on a country-by-country basis as the client progresses.
Bankruptcy Law and Practise
We have written the chapter on bankruptcy in the Central African Republic for Thomson Reuter’s Inside the Minds: Bankruptcy Law Client Strategies in the Middle East and Africa.