Limited Liability Partnership Company Registration

Overview of Company Incorporation Service

SplashDict is dedicated to helping businesses register and legalize their companies in Nigeria. Our service is designed to make the process of company registration as seamless and stress-free as possible while ensuring that all legal requirements are met.

Our experienced team of professionals is well-versed in the legal and regulatory landscape of Nigeria. We will register your new company electronically, and provide an after-care service once your business is up and running. In other words, we provide a complete and professional company formation package.

Benefits of Registering a Nigerian Company

Company registertaion have several advantages, including:


Legal status

Registering a Company with the Corporate Affairs Commission (CAC) provides the organization with legal status, making it easier to enter into contracts, own property, and carry out other legal activities.


Separate Legal Entity

A company enjoys the benefit of being a separate legal entity from its owners. A company cannot be held liable for the actions of its owners and similarly, a shareholder cannot be held liable for the acts of the company.


Perpetual Existence

A company is created by law and only the law can liquidate it. The death, insolvent, inability, or lunacy of members does not affect the life of a company. Members may come and members may go, but the company goes on forever.


Limited Liability

The liability of every owner of a company is limited to the extent of the face value of the shares purchased.

Even if, the assets of the company are not sufficient to pay the claims of the creditors, no owners are bound to pay anything more than the face or nominal value of the shares held by them.


Become an Employer

A registered company can employ full-time employees and pay them salaries and other benefits. You have the opportunity to seek interns, especially from the National Youth Service Commission or Sure-p.


Obtain Business Visa

Another great benefit of company formation is that you can easily obtain a visa and travel to any country for business purposes. 


Protection of Company Name

When you register a company, the name is protected and cannot be used by any other company, nor can another company register a name that is similar to your company name.


Access to funding

It is easier to secure loans from banks with a registered company, compared to a personal loan application.


Open a Business Bank account

You will need to provide proof that your company is a properly registered business with the CAC to open a business bank account. 


An artificial person

A company is an artificial person created by the law and has a separate existence of its own. Like a real person, it can buy or sell the property in its name. It can sue and can be sued by others. It can conduct lawful business and enter into a contract with others.


Greater market opportunities

Registered companies in Nigeria have greater market opportunities, as they are able to bid for government contracts and participate in tenders.


Increased credibility

Registering a company in Nigeria enhances its credibility and legitimacy, making it easier to attract customers, suppliers, and investors.

Choosing a Type of Company to Incorporate

When choosing a type of company to incorporate, it is important to consider the specific needs of the business.

A Nigerian Private Limited Company – or private company limited by shares – is the most commonly used company type for small to medium-sized businesses or trading companies in Nigeria. 

The main advantage of a private company limited by shares is the limited liability of its shareholders. If a private limited company is in financial trouble and had to wind up, shareholders would not risk losing their personal assets.

A Nigerian Private Limited Company must, by its constitution, restrict the right to transfer its shares, limit the number of shareholders to 50 (not including employees and former employees), and prohibits any invitation to the public to subscribe for any shares or debentures. Shareholders can be individuals or corporations of any nationality, domicile, or residence.

Private limited companies can be established in approximately three to ten working days.

Section 21(1)(c) of CAMA defines an unlimited company as a company that does not have any limit on the liability of its members. A Private unlimited company is very much like a regular private company limited by shares, the main difference arises when insolvency occurs - You could lose everything.

They enjoy the privilege of not having to deliver annual accounts to the Corporate Affairs Commission. This allows them to maintain a level of secrecy unavailable to limited companies, which must file annual accounts.

An unlimited company has the responsibility of a sole trader. Upon its registration, it assumes a separate legal personality from those of its members, enjoys perpetual succession, and becomes endowed with the capacity to sue and be sued separately from its members.

This type of company is a non-profit organization, similar to an incorporated trustee, but it is registered as a company with the CAC.

Guarantee company entity is often used by charities, but not all companies limited by guarantee are charitable in nature. Other common uses for this type of company are membership organizations and clubs, including sports associations.

It has members instead of shareholders, and its activities are restricted to those that are set out in its memorandum and articles of association. The members of a company limited by guarantee are not liable for the company's debts, but they may be required to contribute to the company's assets if it is wound up.

Why choose SplashDict?


Register on our platform in 5 minutes - we'll then prepare and file all the necessary documents.


100% digital processes - ensuring smooth delivery, from anywhere, anytime.


Founders can always rely on us to securely manage their confidential information—safe from any unauthorized and prying eyes.

Transparent pricing

No hidden fees, no bad surprises - helping you plan ahead.

Our Process

Make Payment Online

Add the product to the cart, then proceed to checkout and complete the secured online payment.

Tell us about your business

Come up with a name for your business and Answer a few questions. Our easy online form can be completed in just 5 minutes or less.

We'll process Application

Based on the information you provide, We will process and file the documents.

Receive your documents

Once your incorporation documents have been approved by the Federal Ministry, you will receive your completed business entity package by e-mail/mail.

Company Incorporation Packages

Upon completing the order, you’ll be redirected to submit your information to process your registration.

A private limited company is an individual legal entity that is separate from its officers. A limited company has its own assets and liabilities, profits, and losses.

A Private Unlimited liability company in Nigeria is one where its members' financial liability in the event of it being wound up has no limit.

A private company Limited by Guarantee is an alternative type of limited company used mainly for non-profit organizations such as Societies, associations, community projects, charities, etc.

What's included?

Here are some of the features to expect from our Partnership Firm Registration packages. 

  • Accredited Consultants: Our consultants are fully accredited by the Corporate Affairs Commission with several years of industry experience.

  • Corporate affairs commission (CAC) Filing Fee Included: CAC charges a filing fee for company incorporation. This is included in the package price, so what you see is what you pay - there are no hidden costs.

  • Business Bank Account opening assistance: We help to setup bank accounts that can be accessed anywhere in the world, and provide the required banking support services for new Nigerian companies.

  • Digital delivery of documents: As soon as your company is registered at CAC, we will deliver a full set of company documents to you by email, including; Certificate of Incorporation, Memorandum & Articles of Association, Share Certificate, and Minutes of First Board Meeting.

  • Digital storage of Documents: We store your documents safely online and can be requested for free whenever you need them again. Unlike on CAC portal, where you'll pay to get your documents after 7 days of registration. 

  • Support for the drafting of documents:  Preparation and submission of required documents to the incorporation authority. We can provide either a whole new set of company articles or clauses to be inserted into existing articles of association for particular purposes.

  • Tax registration: We help you to register your company for tax purposes with the Federal Inland Revenue Service (FIRS), which is mandatory for all companies in Nigeria.

  • Free .com or Domain Name: We have partnered with one of Nigeria's leading domain name providers to offer you a free .com or domain name for 1 year, and help establish the online presence of your new business.

Frequently Asked Questions (FAQs)

You can find some of our most frequently asked questions below;

A private limited company is an individual legal entity that is separate from that its officers. A limited company has its own assets and liabilities, profits and losses.The liabilities are limited to the Company. In other words, the officers are protected from financial liability should the company encounter any difficulties. This differs from those of a sole trader or partnership, where the assets and liabilities of the business belong to the individuals.Ownership of a private limited company is established through the division of shares. Unlike a public limited company (PLC), a private limited company is restricted from selling shares to the public. Limited companies must also submit annual accounts to Companies House which are made available to the general public.
Limited liability is the status of being legally responsible only for a limited amount of debts of a company. Unlike proprietorships and partnerships, the liability of the shareholders with respect to the company’s liabilities is limited.
Perhaps the most attractive benefit of trading as a limited company is the aspect of limited liability. Essentially this protects the personal assets of the officers should the company run into financial difficulties.Many of the costs and administrative requirements associated with running a limited company are now not much more than those of a sole trader or partnership. Limited companies also instill added confidence in suppliers and creditors; many large organizations will only conduct business with limited companies.Finally, the ownership of a limited company can easily be divided up through the sale of shares. The shares can be further used as a means of generating capital.
It usually takes 3-14 business days for the Private Limited Company  Registration in Nigeria.Name Search: 6 - 24 hours from submission. Grant of Certificate of Registration: 2 - 10 Days from filing. Total time: Approximately 3 - 14 days.
Any individual of any nationality may register a limited company subject to a few conditions:
  • They are not an undischarged bankrupt
  • They have not been restrained by court order
  • They are not subject to Nigeria government restrictions
An OPC can have a minimum of 1 director and a maximum of 15 directors. The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Nigerian Private Limited Company.
The directors are responsible for the day-to-day running of the company and ensuring it meets its responsibilities and deadlines. The shareholders own the company and have the right to vote on many issues.The extent of ownership and level of voting rights are based on the percentage of issued shares they own. An individual can be both a director and a shareholder of a company.
To complete the Registration of Your Company in Nigeria, you'll have to provide the following details upon Submission;
  • Proposed Name of the Company (2 Names).
  • The objectives and nature of business of the company.
  • Address of the company.
  • The share capital and shareholding formula among shareholders.
  • Details of Shareholder and Director(s). Details such as; names, occupation, residential address, email address, mobile phone number and means of identification (National Identification Card, Data Page of International Passport,
  • Driver’s Licence or Voter’s Card).
Corporate Affairs Commission (CAC) is the Government agency responsible for registering all limited companies in Nigeria. It is also responsible for storing corporate information on all registered Nigerian companies.
This is an official certificate issued by the registrar on successful incorporation of a limited company. The certificate states the company number, name and date of incorporation.
These are statutory legal documents that define how the company is regulated and what protocols it must follow in its day-to-day business.