The Cοrporate Αffairs Cοmmission (CAC) is a regulatory body set up to administer Nigerian entities. Recently, it has launched a new e-registration platform, due to which company registration in Nigeria can be done remotely. As specified by the law, an entry in a registrar of this regulator is a compulsory term for setting up a Nigerian business presence. Below is an overview of the rules for the Nigerian entity setup.
Registration of a company in Nigeria isn’t a challenging process, which is run in an e-portal. The stages of how an entity is established are as follows:
Once the requirements for company registration in Nigeria are satisfied, entities receive papers from the e-portal. The scope of papers includes constitutional documents which set out the basic management structure of the entity, and statements of compliance by lawyers. But for a statute, the authority only gives templates and then an owner gets them complemented.
Typically, registering can be done within 2 to 7 days provided that there are no force majors. The sum of contributed capital is subject to the nature of business to be run and if a noncitizen-person is active in the entity. Individuals interested in requirements for company registration in Nigeria are advised to consult a lawyer to assess the correct shareowner threshold for certain rules for specific businesses and other peculiarities.
Please contact us to get more information.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.