Business registration in Nigeria is a central process done through a federal commission. The Corporate Affairs Commission (CAC) was established by virtue of the Companies and Allied Matters Act (CAMA) 2020 to regulate the formation and operations of companies in Nigeria, the commission oversees the registration of companies & businesses and post-incorporation matters. The most [...]
Foreigner ownership of Nigerian companies refers to the ownership of a company registered in Nigeria by non-Nigerian individuals or entities. It is possible for foreign investors to own all or part of a Nigerian company, subject to the regulations and restrictions set by the Nigerian government. Foreign ownership of Nigerian companies is regulated by the [...]
Business Permits and other necessary licenses must be obtained by any foreign-owned company for a seamless business operation in Nigeria. In addition to obtaining a business permit, any foreigner wishing to work as an employee or control a company in Nigeria must also obtain an Expatriate Quota through the company for that purpose. Both the [...]
HOW TO START A BUSINESS IN NIGERIAÂ 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 [...]
HOW TO REGISTER A BUSINESS IN NIGERIA Business/ company registration in Nigeria is the first step required to commence a business in Nigeria. 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 [...]
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 FACTS YOU MUST KNOW BEFOREÂ 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
 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 [...]
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. [...]
ADVANTAGES OF LIMITED LIABILITY COMPANYÂ 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 [...]
FORMSÂ OFÂ BUSINESSÂ ORGANIZATIONÂ INÂ 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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
HOW TO REGISTER A FOREIGN COMPANY IN NIGERIA Foreign company registration in Nigeria is the main option a foreign entity/company can acquire a separate legal entity in Nigeria and legitimately carry on business. A foreign company may open for business as a secondary establishment, such as a representative office, agency, branch, or subsidiary in Nigeria. [...]
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 [...]
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 [...]
