Often asked: How To Incorporate A Company In Nigeria?

How much does it cost to incorporate a company in Nigeria?

Fees

Different Nigeria entity types Cost Draft invoice
PLC US$21,403 View invoice PDF
LLC (oil & gas services) US$44,950 View invoice PDF
Representative office US$20,400 View invoice PDF
Free zone US$25,600 View invoice PDF

What are the requirements for CAC registration?

Registration Form CAC 1.1. Identification of Directors and Shareholders. Payment Receipt of CAC. Stamp Duty Certificate (This is to be printed, once the stamp duty fee is paid).

What are the requirements for incorporation of a newly established business in Nigeria?

Requirements to register a limited liability company The objectives and business of the company must be provided. The registered principal address of the company. The share capital and shareholding formula among shareholders will be required. The particulars of a minimum of two (2) Directors will be required.

How do I register for CAC in Nigeria?

Registration steps for Business Names

  1. Check for availability of the Business Name (click here.
  2. Complete pre- registration form – CAC -BNo1 and upload relevant registration documents(Online using Company Registration Portal)
  3. Pay filing fee Check the Fees for our Services here.
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How much does it cost to register a company in Nigeria 2021?

How Much Does it Cost to Register a Business Name in Nigeria? Registration of a private company with a share capital of more than N1m and up to N500m costs N5,000 for every 1m shares of the company. Private company registration above N500m authorized share capital costs N7,500 for every 1m shares of the company.

Can one person own a company in Nigeria?

By section 18(2) of CAMA 2020, a private company can be formed by just one person. In addition to this, a foreigner must also comply with the provisions of other enactments to form a company in Nigeria. Thus, to engage in business in Nigeria, the business must first be registered with the CAC.

Is CAC doing free registration?

The Federal Government has approved all self-employed and business owners to carry out their Corporate Affairs Commission ( CAC ) registration online free of charge.

Do all companies need to be registered?

All limited companies must register with Companies House, who will make the company information publicly available on their website. This means companies must provide the details of who their shareholders and directors are, as well as file a copy of their annual financial accounts.

How much is CAC registration 2021?

According to the Companies Regulations 2021, the filing fees for the Statement are N5,000.00 and N10,000.00 for private and public companies, respectively.

Can a foreigner be a director in a Nigerian company?

The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The law also does not preclude a foreigner from being a director in a Nigerian company.

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How do I start a Ltd company in Nigeria?

Step-By-Step Process on How to Register Your Company in CAC Nigeria

  1. Get a company name.
  2. Prepare the MOA.
  3. Fill the Pre-Registration Form.
  4. Pay the Stamp Duty and Filling Fee.
  5. Prepare the Scanned Copy of Your Documents.
  6. Submit the Original Documents.

What are the types of business in Nigeria?

There are 5 different forms of business organizations in Nigeria namely;

  • Sole Proprietorship.
  • Partnerships.
  • Cooperative societies.
  • Joint Stock Companies, and;
  • Public enterprises (which has been explained above. Learn more about Public enterprises in this short post)

How do I know if my business name is on the CAC?

Check Business Name / Company Registration in Nigeria Online via CAC Website

  1. To search for a company or business name, visit the Corporate Affairs Commission ( CAC ) website.
  2. You will be presented with a form to type the name of the company / business you want to search for (as illustrated below).

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