What are the requirements to register a company in Nigeria?

What is the cost of registering a 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.

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. A copy of their means of identification such as voter’s card, national ID, drivers’ license or international passport.

How do I register a company in Nigeria?

How to Register a Business Name in Nigeria: Step-by-Step Guide

  1. Choose a business name and check for the availability.
  2. Complete your pre-registration form to register a business name.
  3. Pay for a filing fee.
  4. Prepare your documents for upload.
  5. Submit the original copies of your documents.

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.
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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.

What is the fees for company registration?

The registration fee for organization’s whose nominal share capital is limited to Rs. 10,00,000 – Rs 2,000. The registration fee for organization’s whose nominal share capital ranges between Rs 10,00,000 to Rs 50,00,000 – Rs 2000.

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.

What are the steps of registering a company?

How to Register a Company in India?

  1. Step 1: Digital Signature Certificate (DSC) …
  2. Step 2: Director Identification Number (DIN) …
  3. Step 3: Registration on the MCA Portal. …
  4. Step 4: Certificate of Incorporation.

29.04.2021

How much does it cost to register a business name in Nigeria 2021?

How Much Is Business Name Registration In Nigeria? The cost of registering your business name is #10,000. There will be an additional fee of #500 for business name reservation.

Can one person register a company?

The Companies Act, 2013 provides that an individual can form a company with one single member and one director. The director and member can be the same person.

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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.

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.

What is the first thing to do when starting a business?

  1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. …
  2. Write your business plan. …
  3. Fund your business. …
  4. Pick your business location. …
  5. Choose a business structure. …
  6. Choose your business name. …
  7. Register your business. …
  8. Get federal and state tax IDs.
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