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XI.6. Supplementary Protocol on the Second Phase (Right of Residence) of the Protocol on Free Movement of Persons, Right of Residence and Establishment (Excerpts)

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Chapter Summary

This chapter deals with the Supplementary Protocol on the Second Phase of the Protocol on Free Movement of Persons, Right of Residence and Establishment. For the purpose of implementation of this Protocol, companies which are formed in accordance with the laws and regulations of a Member State with their headquarters, central seat of administration or principal establishment within the Community shall be considered in the same category as individual nationals of Member States. Where, however, only the statutory headquarters of the company are established in a Member State, activities of such a company should have effective and sustained links with the economy of the Member State. Assets and capital invested by Economic Community of West African States (ECOWAS) citizens who are riot nationals of the Member State of establishment, having been duly authorised, shall not be subjected to any act of confiscation or expropriation on a discriminatory basis.

Keywords: ECOWAS; member state; Right of Residence



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