To open a stripe account in nigeria shouldn’t be a problem anymore. If you’re not from US, UK or any accepted countries, you can still own a verified stripe account to process your payments.
This is what you can do yourself from the comfort of your home, however there are requirements if you want to setup a stripe account as a Nigerian or non us citizen.
Requirements to open a stripe account in Nigeria
If you’re from an unsupported country, like Nigeria, stripe has advised you form a company in any of their supported countries.
That is, you can form a US or UK company and when that is done, you can use the details to create a stripe account in Nigeria.
Isn’t that easy?
Well, the challenge can be in forming your company because it involves money, and you can spend up-to $1,000 to $10,000 to launch your US company or UK company.
The requirements to setup a US stripe account are as follows:
- US Company Formation
- EIN (Employer Identification Number) or TAX ID
- US Registered Address (not virtual)
- US Phone Number
- ID Card (National ID, International Passport, Drivers License, Voter’s Card etc).
The requirements to setup a UK stripe account are as follows:
- UK company formation
- UK company number
- UK Registered Address
- UK phone number
- ID card (National ID, International Passport, Drivers License, Voter’s Card etc).
Incase you want to launch a company in any stripe accepted countries, you can also do that.
If you’re wondering if stripe will accept your Nigerian ID card, the answer is YES.
Well, maybe a little screenshot will convince you, this image is from stripe.
How do I get the requirements?
That’s what you should be worried about, you shouldn’t be worried about stripe not accepting Nigerians.
Stripe accepts Nigerians, but all you have to do is form a company in any of the stripe supported countries and that’s all.
Now you’ve learnt the requirements, the next step is to launch your US company or UK company. It depends if you want a US stripe account or UK stripe account.
They’re all the same, they have the same features, sections and tabs. The only difference is the country.
However, launching a company can cost you a lot from $1,000 to $10,000, but you don’t need to spend that much.
Duilon.com will help you get all the requirements, including all the documents and paperworks and deliver to you.
We specialise in legal services and we launch international companies for businesses looking to create an international presence.
You can get all these requirements in one place and you don’t need to break the bank because it’s affordable if you compare the prices with other formation services, and sometimes you may not get the complete requirements.
You can read our article on how to form a US company in Nigeria to learn what’s involved.