How much does it cost to register a company in Nigeria?
|Different Nigeria entity types||Cost||Draft invoice|
|Tax resident LLC||US$20,000||View invoice PDF|
|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|
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.
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 does it take to register a company in Nigeria?
Documents Required for Company Registration
- A notice of the registered address of your business.
- Memorandum and Articles of Association (MAA)
- Receipt of payment of your stamp duties.
- Particulars, list, and consent of the first directors of your company.
- Statement of compliance by a legal practitioner.
What’s the difference between registering a company and business name in Nigeria?
DIFFERENCE BETWEEN A BUSINESS NAME AND COMPANY REGISTRATION
A business name can be formed by one or more persons i.e. sole proprietorship or partnership while a company needs a minimum of two persons as members as well as directors to be registered.
How long does it take to register a business name in Nigeria?
The entire process for registering a business name normally takes 1-2 weeks, depending on the workload of the CAC and other factors. You do not need a lawyer to register a business name, however, if you want to register a company, you need the services of a lawyer or other accredited agent.
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.
How much does it cost to register an NGO in Nigeria?
A prospective registrant may contact a lawyer for a cost. However, the total cost of registration ranges from N130,000 to N200,0000, including the cost of advertisements in 2 national newspapers.
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.
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.
How do I check my CAC registration?
HOW TO KNOW CAC REGISTRATION CODE
- Go to CAC login portal :
- Click on “Sign in”
- Enter your username & password and click on “Log In”
- Click on “Name Search” tab.
- Click on “My Reservation History” tab.
- You will see list of your approved business names.
- Click on the “Action” button and click on “view payment history”
What are the benefits of registering a business name?
ADVANTAGES OF BUSINESS NAME
- Business name requires little capital.
- Business name is easy to register.
- Business name requires less formalities.
- A sole person can register a Business name.
- Profit of the business is solely owned by the owner.
- Tax liability in Business name is minimal.
- Decision making is easier with Business name.
Can I register a company and not use it?
A dormant company is simply a company that is ‘not trading’, so if you register your company under your chosen name and don’t start trading right away, you can leave it in its dormant state.
Can a foreigner be a director in a Nigerian company?
Yes a foreigner can be a director in a Nigerian Company. Although there is no express provision for this in the Companies and Allied Matters Act 2004, the law also doesnot preclude a foreigner from being a director in a Nigerian company.
Can a foreigner own a company in Nigeria?
1) Foreign nationals and entities can fully own a company in Nigeria: save for few exceptions, which include companies seeking to bid for contracts in oil and gas industry that requires 51% of shares of such companies be owned by Nigerians, foreign nationals may register and fully own shares of a limited liability …