|
|
|
|
|
|
Postman
|
 BUSINESS REGISTRATION IN NIGERIA |
2018-08-25 17:27:51
|
|
|
|
REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA
For any start-ups, small and medium enterprises (SMEs), and multinational
companies wishing to open a business in Africa, Nigeria is the primary
location commerce and investment in the Africa region.
WHAT IS NIGERIAN COMPANY?
The term “Nigerian Company” is widely used as the shorthand of “Nigeria private company limited by shares”. It is the most popular out of the four (4) types of business entities in Nigeria because it is a limited liability business entity for both local and foreign business to setup and manage easily. For naming a limited company, either “Ltd.” or “Limited” is often used as the abbreviation of “Limited Company”.
ADVANTAGES OF NIGERIA LIMITED COMPANY:
• Separate liabilities from owners: Company’s liabilities are limited to capital invested into the company.
• Easy company registration: None of the directors and shareholders are required to be present in Nigeria.
• Investment Incentives: It can take advantage of the investment incentives and tax exemption offered by the government.
• Easy Expansion: It is relatively easy to expand or to scale-up by selling shares or offering a stake in the business to outside investors.
• Easy to Raise Capital: It is easier to raise large sums of money for the business or sell a part of the business.
• Subsidiary company: Corporate directors and Corporate shareholders are allowed.
• Nominee: Use of nominee director and shareholder is not restricted.
• Nationality: No restriction on nationality (or, place of incorporation) of directors and shareholders
• Meeting: No restriction on the location where company meeting is to take place
COMPANY SETUP PROCEDURES IN NIGERIA
We offer 2 approaches for you to have your own company – incorporation of a brand-new company or acquisition of an existing company:
• Option 1 – Company Formation (Incorporate a new company in 72 hours)
Our law office handles company formation and business registration in Nigeria. We will act as your legal representatives in Nigeria and incorporate a new company for you within 72 business hours.
• Option 2 – Acquisition of an Existing Nigeria Company (Buy a ready-made company)
The directorship and shareholding of a Nigeria company are completely transferable.
If you prefer the acquisition of an existing Nigerian company whether by way of merger & acquisition, take over, or purchase and assumption, please note that the bid for such company would depend on availability, approval by the Securities and Exchange Commission (SEC) and sanctioning by the Federal High Court, thus it costs more than that of a new company.
STEP #1: PREPARATION FOR BUSINESS REGISTRATION
We need you to send the particulars of your company and all the following documents to us which may transferred via email at lexartifexllp@lexartifexllp.com.
1. Authority to Act:
• A notarized Power of Attorney appointing us to act as your solicitors for the incorporation of the company here in Nigeria.
2. Company Name:
• 3 proposed names in order of preference for Lex Artifex to find out their availability in Companies Registry (or, in our list of ready-made company).
3. Shareholder(s) and Directors Information:
• Full names of the first directors and shareholders of the company in English;
• Addresses of the directors and shareholders of the company in English;
• Email addresses and mobile numbers of the directors and shareholders of the company;
• Means of identification of the directors and shareholders (this may be driver’s license or national ID, or preferably, the data page of international passport);
• Name and addresses of the nominee principal officers of the company including the chairman, managing director, company secretary (our law office can act as the company secretary);
• The nationality of the directors and shareholders of the company
• Registered office address in Nigeria (you may with our agreement use our address as your Nigerian address in the interim.)
• The nationality of the directors and shareholders of the company
• For companies (place of Incorporation)
• Shareholdings arrangement for multi-shareholders
STEP #2: CHOOSE YOUR PREFERRED COMPANY
Note:
Provision of Nigerian company secretary and local registered office address are mandatory in Nigerian company incorporation.
• Company Secretary is a statutory position, it is not the same as personal assistance of the company’s key manager.
• Local registered office address is intended for receiving government correspondences. For this purpose, we offer virtual office services to help offshore investors and overseas companies.
• The minimum authorized share capital to register a Nigerian company with foreign shareholder(s) is NGN10 million (US$27,777). For a wholly owned Nigerian private company, it is NGN10,000 (US$27) and NGN500,000 (US$1,388) for public companies. Shares can be issued for non-cash consideration provided that the Articles of Association of the company permits that.
• The minimum paid-in capital requirement (i.e. minimum capital to be deposited for company registration) is zero (NGN0) US$0.
• A private company must have at least 2 directors (non-employee shareholders), but not more than 50 members.
STEP #3: ISSUANCE OF COMPANY CERTIFICATE AND CERTIFIED TRUE COPIES OF COMPANY INCORPORATION DOCUMENTS
We will obtain the Certified True Copies of company incorporation documents from the Corporate Affairs Commission after registration. These documents will be required by Nigerian Banks when you want to open a business bank account in Nigeria for your Nigeria company.
OTHER SERVICES OFFERED BY OUR LAW FIRM INCLUDE:
• Expert advisory on business formation and beyond
• Legal representation in Nigeria for foreign companies and offshore investors
• Due diligence services
• Rules compliance
• Business immigration
CONTACT NOW!
Our team is ready to help. Feel free to contact us at +234.803.979.5959, lexartifexllp@lexartifexllp.com.
________________________________________
COMPLETE COMPANY KIT
• documents, common seal and stamp bearing your company name. Cost of producing the company kit is part of our professional fees.
• Courier service from Nigeria to your designated address is charged separately.
VIRTUAL OFFICE SERVICES IN NIGERIA
If you want to have a corresponding address in Nigeria to receive business document and parcel, or a dedicated phone number with human receptionists’ services, we have Virtual Office Services in Nigeria for your consideration:
• Nigerian Telephone Number (1 year)
• Nigerian Facsimile Number (1 year)
• Nigerian Receptionist Service (1 year)
• Nigerian Correspondence Address Service (1 year)
Note:
• Nigerian receptionist service is conducted in English, within normal office hours of Nigeria. The receptionists greet the callers with your company names and inform you the callers’ contact information by email for your reply.
• Correspondence address is a commercial address; thus, it is not able to collect and store bulky items.
• Courier service from Nigeria to your designated address is charged separately.
________________________________________
CONTACT NOW!
Our team is ready to help. Feel free to contact us at +234.803.979.5959, lexartifexllp@lexartifexllp.com.
http://lexartifexllp.com
|
| |
|
|
|
|
|
|
|
