Limited Company registration services in Nigeria.
Nigeria is no doubt the business hub of West Africa and is an economic powerhouse in Africa and a leading business destination.
Company registration in Nigeria is a process that allows locals, foreign nationals and foreign entities to legally conduct Business in Nigeria. The process involves registering the company with the Corporate Affairs Commission (CAC).
At B & I East Africa, We provide company registration and processing consultation services in Nigeria. For a fast and reliable company set up and compliance service.
To register a company in Nigeria, the initial process is to choose a unique name for the company and conduct a name search.
The next step is to prepare the company's memorandum and articles of association, which outline the company's objectives and how it shall be regulated.
The next stage is to submit the application to the CAC alongside the supporting application documents, including the following;
- 1. Completed application form
- 2. proof of address
- 3. Payment of the prescribed fees
The CAC will review the application and, if approved, a certificate of incorporation shall be issued.
After registration id complete, companies in Nigeria may also need to obtain other licenses and approvals from other government agencies, such as the Nigeria Investment Promotion Commission, the Nigerian Customs Service, and the Federal Inland Revenue Service.
Requirements for company registration in Nigeria?.
- Proposed name of the company (two names should be provided).
- Physical Address of the company.
- Contact information of the Company - Email address and Phone number, postal address
- Names of Director(s) and shareholder(s)
- Contact information of the directors. – Email, phone, postal address
- Objectives of the company intends to be carrying out in Nigeria
- Authorized Share Capital - Minimum of Ten Million Naira (N10, 000,000) for foreign owned companies.
- Division of shares
Authorized capital for foreign owned companies in Nigeria.
The minimum authorized share capital for companies with foreign shareholding and directors intending to come to Nigeria is Ten Million Naira (N10, 000,000).
It does not Mean that the Authorized capital is paid up capital during the registration process or thereafter, but is capital on call. The payment of the share capital is subject to the discretion of the shareholders and can be paid to the company at any time.
Shareholders and Directors
Every company in Nigeria must have at least one shareholder where the sole shareholder is a foreign registered company.
And a minimum of 2 shareholders in case the shareholders are foreign Nationals.
There is no restriction on the nationality of shareholders.
Every foreign owned company must have at least Two directors and there is no requirement as to nationality.
Each company must have a registered address in Nigeria We shall provide a virtual registered office address for the company as part of our incorporating services, if required.
Can a foreigner register a company in Nigeria?
Any foreign national can register a Limited company in Nigeria. You shall however be required to obtain a Tax registration for ease of further compliance.
“Company registration in Nigeria is regulated by the Corporate Affairs Commission .”We also provide a whole range of post registration services to our clients.
- Foreign director Tax registration
- Company Tax registration
- Immigration services.
A TIN in Nigeria is a Tax Identification Number is necessary for individuals and companies to open bank account and other compliance.