Registering a business in Nigeria
Business registration is overseen by the Corporate Affairs Commission ('CAC'). Applications may be submitted directly by visiting the CAC's Company Registration Portal ('CRP'). If you're not sure on the type of company to set up or need guidance on the process continue reading below.
Incorporation Overview
The typical process for incorporating a business in Nigeria is outlined below. Steps in the process, timelines and costs, may vary based on the specifics of the business being registered. It is recommended that companies with any share of foreign participation register using an Accredited Agent.
1
Determine Business Structure
Before you register, compare permitted business structures, their requirements, your eligibility, and any industry-related, licensing restrictions (common for financial services, oil & gas, and other regulated sectors).
2
Reserve Business Name
The information below assumes the registrant is reserving a "Standard Business Name" which is those names that does not have restricted use. Restricted Business Names are more expensive (N5,000) and may take longer to approve. Registrants must first confirm the availability of the desired business name to prevent delays in the incorporation process. Once the name is reserved the registrant will receive a Reservation Code that will be used to pay the Incorporation Fee.
3
Prepare Registration Application
To prepare your registration application for submission, you must complete CAC Form 1.1 and provide supporting materials as indicated. If submitting online, complete the relevant Form 1.1 columns as instructed by the CRP Portal and upload necessary documents. For in-person submissions, complete the PDF provided and print any supporting materials.
4
Pay Fees and Submit Application
Once you've completed the registration materials, you will pay the required fees and receive a certificate or digital stamp verifying payment. If paid for online, print all documents containing the stamp, obtain necessary signatures, and reupload the signed documents to the CRP Portal for final approval by CAC.
5
Collect Approved Incorporation Documents
After receiving approval from CAC, you may access and download your official incorporation documents directly through the CRP Portal.
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