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company registeration in nigeria
COMPANY
REGISTRATION
IN NIGERIA
Nigeria is located in
Western Africa, bordering
the Gulf of Guinea,
between Benin and
Cameroon. This oil-rich
country is Africa’s most
populous, with over 170
million people. Nigeria is
a member of the
Organisation of Petroleum
Exporting Countries
(OPEC), presenting
opportunities to foreign
investors involved in the
oil industry.
The government however is working toward
developing stronger public-private
partnerships for roads, agriculture, and
power, in order to move away from its
dependence on oil. The country’s GDP rose
strongly in 2007-11 because of growth in
non-oil sectors and robust global crude oil
prices. Licensehub.in can assist you in
incorporating a company in Nigeria,
allowing you to access this exciting market.
Forming a company in
Nigeria – what are the
100% foreign ownership main features?
is permitted with Nigeria
company formation
A range of incentives are available in special
economic zones, including exemption from
all federal, state and local government taxes Nigerian companies accesses double
for up to three years, duty-free import of taxation treaties with a number of
raw materials for finished goods destined countries including France,
for re-export Germany, the Netherlands and the
UK, to support Nigeria company
formation
The minimum
number of directors
is two and maximum
number 50 for
private companies
Nigeria has a low
minimum capital
requirement of
100,000 naira
There is no
maximum number
of directors for
public companies
The company must
have a registered
business address
within Nigeria
Step-By-Step Process
on How to Register
Your Company in
Nigeria
1. Get a company name
2. Prepare
the MOA
3. Fill
the Pre-
Registr
ation
Form
The process of
documentation is as
• Aflol dlilroecwtosrs: must fill the Particulars of Director form
• One director must fill the Statement of Share Capital and Return of
Allotment
• One director and the Company Secretary have to fill the Notice of
Situation/Change of Registered Address form
• An individual or firm accredited by the CAC can fill the Declaration of
Compliance with the Requirements of the Company and Allied Matters
Act (CAMA) form
• At least 2 directors have to fill the form appointing a Company
Secretary for the company
4. Pay the
Stamp
Duty and
Filling Fee
5. Prepare
the Scanned
Copy of Your
Documents
6.
Submit
the
Origin
al
Docum
ents
Essential Requirements to Register
a Company in Nigeria
• Your company can have 2 to 50 members
• The members of your company must be at least 18 years old
• You can’t register a company if any of the members are of
unsound mind, disqualified by the CAMA, or bankrupt
• The minimum limit of share capital required for company
registration in Nigeria is NGN 10,000
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