- 1. What is Lagos Free Zone (LFZ)?
- a. Established in 2012, Lagos Free Zone (LFZ) is a unique and award-winning port-based industrial zone (850 hectares) in Lagos, Nigeria, with over USD 2.5 billion committed FDI projects to date.
b. Owned and promoted by Tolaram, LFZ is located in Lekki, the sunrise development corridor in Lagos.
c. Our vision is to be the preferred industrial hub in West Africa with world-class infrastructure and we are proud to be serving global brands like BASF, Kellogg’s, Colgate, Arla, Dufil, Lekki Port among others as our current tenants.
- a. Established in 2012, Lagos Free Zone (LFZ) is a unique and award-winning port-based industrial zone (850 hectares) in Lagos, Nigeria, with over USD 2.5 billion committed FDI projects to date.
- 2. Where is Lagos Free Zone located?
- a. Lagos Free Zone is strategically located 65kms east of Lagos business district along the Old-Ibeju Lekki R0ad (also known as coastal road).
b. Adjacent to us on the northen side is the Dangote Fertilizer & Petrochemical Complex.
- a. Lagos Free Zone is strategically located 65kms east of Lagos business district along the Old-Ibeju Lekki R0ad (also known as coastal road).
- 3. What are the main benefits of investing in Lagos Free Zone?
- The fiscal incentives for free zones in Nigeria are underpinned by Nigeria Export Processing Zones Act 1992. Some of the key incentives include: - Exemption from all corporate taxes, levies and duties
- 100% repatriation of capital investments
- 100% foreign ownership of business
- Up to 100% goods can be exported into the Nigerian Customs Territory
- No witholding tax on repatriated dividends
- No expatriate quote applicable
- The fiscal incentives for free zones in Nigeria are underpinned by Nigeria Export Processing Zones Act 1992. Some of the key incentives include: - Exemption from all corporate taxes, levies and duties
- 4. How do I invest in Lagos Free Zone?
- a. To invest in LFZ, you should register your business with the Lagos Free Zone and comply with relevant regulations and requirements.
b. Our dedicated customer service team will be your single point of contact and will support through the whole registration process.
- a. To invest in LFZ, you should register your business with the Lagos Free Zone and comply with relevant regulations and requirements.
- 5. What types of businesses are suitable for Lagos Free Zone?
- a. LFZ has dedicated clusters for a wide range of businesses, including manufacturing, logistics, commercial and residential real-estate.
b. It is particularly attractive for manufacturing and logistics companies seeking to create a regional distribution hub to service Nigeria and the rest of West Africa.
- a. LFZ has dedicated clusters for a wide range of businesses, including manufacturing, logistics, commercial and residential real-estate.
- 6. What infrastructure is available in Lagos Free Zone?
- a. LFZ is owned and promoted by Tolaram which has been active in Nigeria for over 4.5 decades and is the largest FMCG manufacturer in Nigeria with 24 factories spread across Nigeria.
b. This enables us to understand the key needs of a manufacturing facility and has been instrumental in holistic conceptualization of infrastructure and facilities at Lagos Free Zone.
c. LFZ is equipped with modern infrastructure, including reliable power supply, water, roads, and high-speed internet connectivity, designed to support businesses efficiently.
d. We have a fully functional police station, convention centre, hospital, helipad, fire station, commercial and residential tower, gym, restaurant, canteen as infra facilities.
Moreover, we also have ready-to-lease warehouse and standard factory facilities which enables companies to setup local presence with least upfront capital commitment.
- a. LFZ is owned and promoted by Tolaram which has been active in Nigeria for over 4.5 decades and is the largest FMCG manufacturer in Nigeria with 24 factories spread across Nigeria.
- 7. Is there a labor force available in Lagos Free Zone?
- a. Lagos Free Zone, being located in Lagos State, the commercial nerve center in West-Africa, has deepest access to young and trainable local workforce, ensuring that you can find the talent you need for your business operations.
b. About 25% of direct jobs created thus far by business within LFZ, are recruits from the local community in and around the Lekki area.
c. The Tolaram Skills Hub is a training center that specializes in skill-based education, offering courses in areas such as masonry, plumbing, electrical work, carpentry, and more.
- a. Lagos Free Zone, being located in Lagos State, the commercial nerve center in West-Africa, has deepest access to young and trainable local workforce, ensuring that you can find the talent you need for your business operations.
- 8. Can foreign investors fully own businesses in Lagos Free Zone?
- Yes, foreign investors can own 100% of their businesses in LFZ, and there are no restrictions on the repatriation of profits.
- 9. How can I obtain the necessary permits and licenses for my business in Lagos Free Zone?
- a. LFZ has a dedicated customer service team that provides end-to-end support to our tenants in procuring relevant permits and licenses.
b. Moreover, the single-window clearance system at LFZ includes key regulators like NEPZA, NCS, DSS and Immigration that are usually involved with day-to-day operations of manufacturers within LFZ.
- a. LFZ has a dedicated customer service team that provides end-to-end support to our tenants in procuring relevant permits and licenses.
- 10. Can I access shipping and logistics services easily from Lagos Free Zone?
- a. Yes, LFZ is strategically located, with the fully integrated and operational Lekki Deep Seaport, shipping and logistics companies can access
- a deep-water port with a draft of -16.5m that can service mother vessels and
- a modern, bonded industrial zone in the immediate vicinity of the port.
b. This enables the most efficient location to service both the domestic market in Nigeria and the whole of West-African and continental market beyond.
- a. Yes, LFZ is strategically located, with the fully integrated and operational Lekki Deep Seaport, shipping and logistics companies can access
- 11. What's the difference between Lagos Free Zone and Lekki Free Zone.
- a. Established in 2012, Lagos Free Zone is Nigeria's first private special economic zone. It is promoted by Tolaram, one of Nigeria's giant conglomerates, and integrated with Lekki Port for ease of doing business. Lagos Free Zone is in the Lekki Industrial Corridor.
b. Lekki Free Zone is a public-private partnership between China-Africa Lekki Investment Ltd [CALIL], the Lagos State Government [LASG] and Lekki Worldwide Investments Limited [LWIL]. It is also in the Lekki Industrial Corridor, about 7 KM away from Lagos Free Zone.
- a. Established in 2012, Lagos Free Zone is Nigeria's first private special economic zone. It is promoted by Tolaram, one of Nigeria's giant conglomerates, and integrated with Lekki Port for ease of doing business. Lagos Free Zone is in the Lekki Industrial Corridor.
