Best answer: How much does it cost to register a security company in Nigeria?

The application fee as ststed ealier is Five Hundred Thousand Naira Only (N500,000.00). However, all directors must obtain a Personal History Statement (PHS) forms at One hundred thousand naira (100,000.00) only.

How can I register my security company in Nigeria?


  1. An application for private guard license addressed to the Commandant General of the NSCDC.
  2. Two Certified True Copies of the Memorandum and Article of Association of the Company.
  3. Two photocopies of the Certificate of Incorporation.
  4. Payment of N500,000 (Five Hundred Thousand Naira).
  5. Tax Clearance Certificate.


How do I start my own security company?

  1. Choose A Security Service to Offer. Before starting a security company, you must know which security services you plan to provide. …
  2. Create A Legal Entity. …
  3. Register for Taxes. …
  4. Get All Licensing. …
  5. Create a Business Plan. …
  6. Get Insured. …
  7. Create An Awesome Logo. …
  8. Get Funds For Your Security Guard Company.
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How much do you need to start a security company?

According to SecurityOfficerHQ, starting a security company costs about $7,500 in upfront investment for insurance, shared office space for six months, licensing and legal registrations, equipment, marketing and website development, and contingency fund. BPlans estimates startup costs at closer to $77,000.

How much does security cost in Nigeria?

Average cost for a professional security and bouncers ranges from ₦ 10,000 – ₦ 50,000. Professional security bouncers are hired for weddings, birthdays, burials andother types of event. An average price for a bouncer in Nigeria is between 10,000 to 50,000.

How many security companies are in Nigeria?

There are over one thousand private guard companies existing presently all over the federation, and all these security companies are listed as follows: A1 SECURITY & ALLIED SERVICES LIMITED. ABARIS SECURITY SERVICE LTD. ABDULLAHI KOLI & SONS LIMITED.

What does a private security company do?

Private security companies are defined by the U.S. Bureau of Labor Statistics as companies primarily engaged in providing guard and patrol services, such as bodyguard, guard dog, parking security and security guard services. Many of them will even provide advanced special operations services if the client demands it.

How do security companies get paid?

To put it in basic terms, security companies make roughly 30% – 40% off of each operator it supplies, however only about 7% – 15% is what they actually take home after the deductions. (Based on small to medium business studies and research in the event security staffing industry).

How do security companies get clients?

Advertising in local papers, security publications or going to trade seminars can help you make a list of leads. You should also consider online marketing to attract new clients that are actually looking for security services in your area. Advertising can help you get in front of customers at the right time.

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What type of insurance does a security company need?

Two important insurance policies to keep in mind as a security guard are property insurance and general liability insurance. When taking care of a building or business, property could be at risk of vandalism or burglary.

Is it hard to start a security company?

While it is true that the demand for security services is increasing rapidly, still, starting a security company is not an easy task. First, the competition in the industry is tough. Many entrepreneurs enter this field in the hope of getting an early success.

How much is insurance for a security company?

General liability policies tend to start around $2,500 and go up if you’re insuring armed security guards. Premiums reflect the increased risk of carrying a gun. Of course, as security guard businesses add on additional coverage such as workers’ compensation and umbrella coverage, the price goes up further.

Is private security business profitable?

Security companies can generate approximately $40,000-$60,000 per security guard, per year. If you hire a team of 5 security guards at startup, then you may be able to clear $300,000 in revenue. Net profits vary based on your insurance costs, labor costs, and regulatory costs in your state.

Which security company is the best in Nigeria?

10 Best Security Companies in Nigeria

  • McDon Security. …
  • TechnoCrime Security Nigeria Ltd. …
  • KingsGuard. …
  • Damog Guards. …
  • Halogen Security. …
  • Eyespy Security Service Limited. …
  • Ashaka Security Company. Also known as Asco Limited, Ashaka Security is one of the leading security companies in the country providing services such as: …
  • Proton Security Co. Ltd.
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How much does security cost for event?

Basic unarmed guards can cost from $30-$60 an hour, and the rate can be higher for those with experience and advanced skill. On the other hand, the basic armed guard ranges from $50-$70 per hour. It can cost more if the armed guard is seasoned and has advanced skills.

What is halogen security salary?

The average salaries for Halogen Security Company is 62,104 Naira. This data is collated by 48 employees from Halogen Security Company. The roles include Account Manager, Account Officer, Administration/Secretarial Officer, Chief Security Officer (CSO), Human Resources Officer, Intern etc.

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