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HOW TO START A BUSINESS IN NIGERIA AS A FOREIGNER

HOW TO START A BUSINESS IN NIGERIA  In Nigeria, foreign investments have been a great boost to the economy. It is to be noted that Nigeria operates a free market economy hence, there are no restrictions on foreigners starting a business in Nigeria subject to the fulfilment of certain requirements. We shall briefly explain the [...]

By |June 12th, 2022|Business Fromation, Business Operation & Licenses|Comments Off on HOW TO START A BUSINESS IN NIGERIA AS A FOREIGNER

HOW TO REGISTER A COMPANY IN NIGERIA – UPDATED REQUIREMENTS

The commission in charge of company regulations is the Corporate Affairs Commission (CAC), which was established by virtue of the Companies and Allied Matters Act (CAMA) to regulate the formations and operations of companies in Nigeria. A private company is any company having the liability of its members limited by the memorandum and articles of [...]

By |April 18th, 2022|Business Fromation|Comments Off on HOW TO REGISTER A COMPANY IN NIGERIA – UPDATED REQUIREMENTS

THE DIFFERENCES BETWEEN A BUSINESS NAME AND A COMPANY LIMITED BY SHARES

New business owners often have a lot of questions about the difference between a registered business name and an incorporated company limited by shares and which of these best suit their business needs. In light of this fact, some of the differences between a business name and a company limited by liability will be briefly [...]

12 KEY FACTS ABOUT OPENING A COMPANY & BANK ACCOUNT IN NIGERIA

12 FACTS YOU MUST KNOW BEFORE  A COMPANY REGISTRATION & BANK ACCOUNT OPENING IN NIGERIA Registering a company is the first step toward doing business in Nigeria. There are important facts every person intending to register a company in Nigeria must be aware of. Below are 12 key facts about company registration in Nigeria The [...]

OVERVIEW OF CAC SHARE CAPITAL THRESHOLD FOR COMPANY REGISTRATION

CAC SHARE CAPITAL THRESHOLD FOR COMPANY REGISTRATION ON NIGERIA Persons interested in registering a company in certain industries and economic sectors in Nigeria are required by statutes and other regulations to have a minimum share capital threshold before such a company can be registered and deemed eligible to carry on business in those industries. The [...]

By |July 3rd, 2021|Business Fromation, Corporate Matters|Comments Off on OVERVIEW OF CAC SHARE CAPITAL THRESHOLD FOR COMPANY REGISTRATION

HOW TO REGISTER A TECH COMPANY IN NIGERIA

A tech company intending to carry out technological operations in Nigeria is required to be registered with the Corporate Affairs Commission (CAC), which is the principal regulatory body that regulates the registration of all business structures in Nigeria. There are different business structures available to register a tech company in Nigeria and each business structure [...]

By |June 27th, 2021|Business Fromation|Comments Off on HOW TO REGISTER A TECH COMPANY IN NIGERIA

HOW TO START A PRIVATE LENDING COMPANY IN NIGERIA

A private lending company is a company engaged in consumer and commercial money lending operations in Nigeria. This means the business of giving customers a loan with the agreement that it will be paid at a later agreed date with interest rates accrued on it. Private lending companies are subject to the regulation of the [...]

By |April 3rd, 2021|Business Fromation, Legal Services|Comments Off on HOW TO START A PRIVATE LENDING COMPANY IN NIGERIA

How to Start an Oil and Gas Company in Nigeria

The Oil and Gas sector serves as a major source of revenue in Nigeria. Any person intending to start an oil and gas business in Nigeria must comply with certain legal requirements. This write-up will give a breakdown of the step-by-step procedure necessary to set up an oil and gas business in Nigeria. The following [...]

By |January 17th, 2021|Business Fromation, Oil & Gas|Comments Off on How to Start an Oil and Gas Company in Nigeria

How To Register A Limited Liability Partnership in Nigeria

How To Register LLP in Nigeria Limited Liability Partnership in Nigeria A Limited Liability Partnership (LLP) is one of the laudable innovations of the Companies and Allied Matters Act (CAMA) 2020. It is essentially a fusion of the features of a partnership and a company where a group of individuals can pool resources together to [...]

By |January 10th, 2021|Business Fromation|Comments Off on How To Register A Limited Liability Partnership in Nigeria

PROCEDURE TO REGISTER A BUREAU DE CHANGE COMPANY IN NIGERIA

  A Bureau De Change (BDC) sector has remained an important unit of the Nigerian financial market playing a crucial role in exchange rate stability and job creation. It is a business where people exchange currency for another. This business has been defined by the Central Bank of Nigeria Manual to mean a retail foreign [...]

By |November 14th, 2020|Business Fromation|Comments Off on PROCEDURE TO REGISTER A BUREAU DE CHANGE COMPANY IN NIGERIA

DIFFERENCE BETWEEN A PRIVATE AND PUBLIC LIMITED LIABILITY COMPANY

There are many differences between a private and public limited liability company in Nigeria. Companies, either private or public, are the most widely used business organization in Nigeria. The Corporate Affairs Commission established by virtue of the Companies and Allied Matters Act 2020 (CAMA or the Act) oversees the incorporation of a company in Nigeria. [...]

By |September 4th, 2020|Business Fromation|Comments Off on DIFFERENCE BETWEEN A PRIVATE AND PUBLIC LIMITED LIABILITY COMPANY

ADVANTAGES OF COMPANY LIMITED BY SHARES OVER BUSINESS NAME IN NIGERIA

ADVANTAGES OF LIMITED LIABILITY COMPANY  OVER BUSINESS NAME IN NIGERIA A private company limited by shares is a legally separate business entity. It has an authorized shareholding which defines the shareholding liability. This means that the directors and shareholders of the company have limited liability in the Company. Most often times many that want to [...]

By |September 4th, 2020|Business Fromation|Comments Off on ADVANTAGES OF COMPANY LIMITED BY SHARES OVER BUSINESS NAME IN NIGERIA

FORMS OF BUSINESS ORGANIZATION AND BUSINESS STRUCTURES IN NIGERIA

FORMS OF BUSINESS ORGANIZATION IN NIGERIA A business entity is responsible for using its economic resources to provide goods or services to customers for profit. There are different types of companies and business structures in Nigeria. First, it is a note of worth to state that under Nigerian law, it is only the Corporate Affairs Commission, an agency of the [...]

By |September 4th, 2020|Business Fromation|Comments Off on FORMS OF BUSINESS ORGANIZATION AND BUSINESS STRUCTURES IN NIGERIA

HOW TO SET UP A REPRESENTATIVE OFFICE IN NIGERIA

REPRESENTATIVE OFFICE IN NIGERIA BRANCH OFFICE IN NIGERIA Any company conducting business in Nigeria is required to register with the corporate affairs commission (CAC). A Foreign company wishing to set up business operations in Nigeria must take steps in obtaining local incorporation of the Nigerian branch or subsidiary which has a separate entity in Nigeria. [...]

By |September 4th, 2020|Business Fromation|Comments Off on HOW TO SET UP A REPRESENTATIVE OFFICE IN NIGERIA

SETTING UP A COMPANY IN NIGERIA

A business formation in Nigeria ordinarily commences with the registration of a company. A company can be referred to as a corporate entity, which upon incorporation becomes a separate legal entity with the perpetual succession and the capacity to sue and be sued. The cradle of a company is on its incorporation and this entails [...]

By |September 4th, 2020|Business Fromation|Comments Off on SETTING UP A COMPANY IN NIGERIA

COMPANY REGISTRATION OFFICE IN LAGOS, NIGERIA

COMPANY REGISTRATION OFFICE IN LAGOS All incorporation of companies in Nigeria must be done with the Corporate Affairs Commission(CAC). The CAC is established by virtue of the Companies and Allied Matters Act (CAMA) 2020. The commission serves as the company registry in Nigeria but mostly carries out its function through the various company registration office [...]

By |September 4th, 2020|Business Fromation|Comments Off on COMPANY REGISTRATION OFFICE IN LAGOS, NIGERIA

REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA

REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with a separate legal personality.  It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied Matters [...]

By |September 4th, 2020|Business Fromation|Comments Off on REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA

HOW TO REGISTER A COMPANY WITH CAC ACCREDITED AGENTS IN NIGERIA

REGISTERING A COMPANY WITH CAC ACCREDITED AGENTS Registration of a company is the first step every individual or entity who chose to do business in Nigeria must take. The legislation governing the company registration process in Nigeria is the Companies and Allied Matters Act (CAMA) 2020 and the government agency administering the CAMA is known [...]

By |September 4th, 2020|Business Fromation|Comments Off on HOW TO REGISTER A COMPANY WITH CAC ACCREDITED AGENTS IN NIGERIA

FOREIGN COMPANY REGISTRATION IN NIGERIA & BUSINESS SET UP PROCESS

FOREIGN COMPANY REGISTRATION IN NIGERIA A foreign company may open for business as a secondary establishment, such as an office, agency, branch, or subsidiary in Nigeria. However, such a company must fulfill certain legal requirements necessary to obtain local incorporation of the Nigerian branch or subsidiary as a separate legal entity. Registration of a company [...]

By |September 4th, 2020|Business Fromation, Corporate Matters|Comments Off on FOREIGN COMPANY REGISTRATION IN NIGERIA & BUSINESS SET UP PROCESS

HOW TO REGISTER A COMPANY IN NIGERIA AND BUSINESS REGISTRATION TIPS

BUSINESS REGISTRATION IN NIGERIA HOW TO REGISTER A COMPANY IN LAGOS The first step required from every person or entity doing business in Nigeria is registering a company in Nigeria. Nowadays, the business registration process can be carried out online via the CAC company online registration portal. An individual seeking to engage in a little [...]

By |September 4th, 2020|Business Fromation|Comments Off on HOW TO REGISTER A COMPANY IN NIGERIA AND BUSINESS REGISTRATION TIPS

GUIDE TO COMPANY REGISTRATION IN NIGERIA

REGISTRATION OF COMPANY IN NIGERIA HOW TO REGISTER COMPANY NAME IN NIGERIA The law guiding company formation in Nigeria is the Companies And Allied Matters Act, (CAMA) 2020. The CAMA is the guideline for any company name registration in Nigeria and other ancillary matters. Unlike the United States of America where each state has its [...]

By |September 4th, 2020|Business Fromation|Comments Off on GUIDE TO COMPANY REGISTRATION IN NIGERIA