What are the requirements to register a limited company in Nigeria?

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 much does it cost to register a limited company in Nigeria?

Fee for registering charges for a private company – 10,000 Naira for each 1 million Naira or part of a million. Fee for registering charges for a public company – 20,000 Naira for each 1 Million Naira or part of 1 million.

How do I register a limited 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. …
  7. Cost of Setting a Company in Nigeria.
IT IS INTERESTING:  Frequent question: Is Morocco still colonized?


What are the requirements for registering a limited liability company?

10 Steps to Setting Up a Limited Liability Company (LLC)

  • Obtain a Copy of Your State’s LLC Articles of Organization Form. …
  • Choose a Name for Your Business. …
  • Fill Out the LLC Articles of Organization Form. …
  • Publish a Notice in Your Local Newspaper. …
  • Submit Your Articles of Organization Form. …
  • The LLC Operating Agreement.

What documents are required for registration of a private limited company?

The documents required for registering a Private Limited Company include DIN, DSC, PAN Card, address proof, residence proof, Memorandum of Association and Articles of Association.

How much does it cost to register a Ltd company?

It costs £12 and can be paid by debit or credit card or Paypal account. Your company is usually registered within 24 hours. If you do not want to use ‘limited’ in your company name you must register by post.

Can one person be a limited company?

In the UK, you only require one person to form a limited company. Whilst the application requests details of at least one member and one director, it is commonplace for the same individual to hold both of these positions. This means that you can set up a limited company on your own.

How long does it take to get CAC certificate?

The entire process for registering a business name normally takes 1-2 weeks, depending on the workload of the CAC and other factors.

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.

IT IS INTERESTING:  Quick Answer: Can a Nigerian open a bank account in Ghana?

What are the documents required for company registration?

Documents Required for Company Registration

  • Passport.
  • Election Card or Voter Identity Card.
  • Ration Card.
  • Driving License.
  • Electricity Bill.
  • Telephone Bill.
  • Aadhaar Card.

Can I register a company with one director?

This means that small companies can now be registered with one director. … It has no foreigner as its members and where the company has a share capital, the directors hold at least 51% of the share capital.

How can I start a private company?

How to register a Pvt Ltd Company

  1. #1: Apply for DSC (Digital Signature Certificate)
  2. #2: Apply for the DIN (Director Identification Number)
  3. #3: Apply for the name availability.
  4. #4: File the EMoa and EAOA to register the private limited company.
  5. #5: Apply for the PAN and TAN of the company.


How long does it take to register a limited company?

If you set up a limited company through 1st Formations, the registration process usually takes 3 to 6 working hours (subject to Companies House workload). If you choose to start trading straight away, your company is ‘active’ and you must register with HMRC for corporation tax within 3 months.

Can I run a company without registration?

To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.

Which is better LLP or Pvt Ltd company?

LLPs combine the operational advantages of a Company as well as the flexibility of Partnership Firms. The fee for incorporation of an LLP firm is very nominal as compared to that for Private Limited Company. The compliance requirements for an LLP are significantly lower than those for a private limited company.

IT IS INTERESTING:  What is EGUN in Yoruba?

What is the minimum capital requirement for private limited company?

Comparison between different forms of company

Particulars Private Limited Company Public Limited company
Minimum Capital Requirement NO minimum capital is required 5 Lakh
Minimum number of member Minimum 2 Minimum 7
Minimum Number of Director Minimum 2 Minimum 3
Compliance Less compliance as compared to Ltd company More compliance
Across the Sahara