Nigerian Company Incorporation Service

With our Nigerian Company Registration service, you can be confident that your company will be registered legally and efficiently, allowing you to focus on growing your business in Nigeria.

Our Business Name Registration service caters to entrepreneurs seeking to register a Sole Proprietorship or General Partnership, both unincorporated business entities.

It's mandatory to register the name of a new business if it differs from the owner's legal name. Opting for either a Sole Proprietorship or General Partnership provides an uncomplicated approach to establishing a business compared to the complexities of company incorporation.

A business name, essentially a representation to the public, lacks legal standing on its own, leaving sole proprietors or general partners personally liable for business debts and obligations.

Our services extend to facilitating registration with the Corporate Affairs Commission (CAC), obtaining your Tax Identification Number (TIN), and providing other comprehensive business support. Let us streamline the process, ensuring your business operates under a registered and legally sound name, giving you the confidence and protection you need.
 

What sets us apart?  It's the way we work!

Fast

Our quick services provide clients with what they need more quickly.

Accurate

Ensuring the highest possible standard of accuracy and quality is our goal.

Committed

Our team of professionals is dedicated to providing the best possible customer service.

Economical

Our cost effective rates and flexible options are the smart solution for your business.

Business Name Structures

We offer comprehensive registration services for various business name structures, catering to diverse needs and preferences. Here are the types of business name structures we can register for you:

Sole Proprietorship Business Name Registration

A Sole Proprietorship Business sometimes referred to as a “one-man business” is a type of business that is started and run by one person with the sole motive of serving to meet a need and making a profit. One person is responsible for handling the entire business affair - this person is the sole financier, controller, and manager of the business.

Sole Proprietorship is arguably one of the most popular business structures in Nigeria. It is a form of business that many Nigerians like Freelancers, Vendors, Tailors, Carpenters, Technicians, Barbers, and Grocers start on a small-scale, because it is easy to establish, and registration is uncomplicated.

The Business cannot sue nor be sued in its name because it is not distinct from the owner. Sole proprietors in Nigeria don't pay any corporate income tax, since they are not legal entities.

  • Description: A business owned and operated by a single individual.
  • Key Features: Simplest form, single owner, direct control, personal liability.

General Partnership Business Name Registration

A general partnership is a business arrangement in which two or more people agree to share all of a company's assets, profits, and financial and legal liabilities. Partners in a general partnership consent to bear unlimited liability, which means they can be sued for business obligations.

The corporate entity is not separate from the partners in general partnerships, and the partners are responsible for each other's conduct. The personal assets of the partners are unprotected, and the partnership may be terminated if one of the partners dies or withdraws from the partnership.

When it comes to the structure of the general partnership, there are no restrictions as to who can become a partner in the business. There is also no legal minimum amount of share capital required to become a general partner.

  • Description: A business owned and operated by two or more individuals.
  • Key Features: Shared ownership, shared responsibilities, personal liability.
Benefits

By registering your Business Name in Nigeria, you not only comply with legal requirements but also unlock a range of benefits that contribute to the long-term success and sustainability of your enterprise, including:

Legal Recognition

Registering a business name with the CAC provides legal recognition of the business entity, which can provide credibility to the business.

Trust

Registered business name inspires trust among customers, clients & partners, enhancing its credibility in the market.

Name Protection

Registering your business name gives you a certain uniqueness, monopoly, and exclusive rights to your business name.

Ease

It is cheaper to register a Business Name than to incorporate a company. A new business name is not required to have formal meetings like companies that are incorporated.

Easy conversion process

A business name can eventually be converted into a private limited company, allowing the business to grow at its own pace until it is ready to convert.

Obtain License

In certain industries, obtaining a certificate of business registration is a prerequisite for securing an operating license.

Tax Benefits

A Business name is not required to pay Companies Income Tax. The owner is only required to pay taxes on their income as an individual.

Use different Name

Filing a Business Name under a different name means you won’t have to have your personal name on the public record whenever your business is mentioned.

Bank Account

Many banks ask to see the Business Name certificate as proof of registration for the name.

Incentives

Registered businesses stands a chance of growing through various business incentives extended to Micro, Small, and Medium Enterprises (MSMEs) by the Federal Government.

Facilitation of Transactions

Business name registration facilitates transactions with banks, suppliers, and other entities, streamlining business operations.

Corporate Image

Registration enhances the corporate image of your business, contributing to its professional appearance and reputation.

What's included?

Here are some of the features to expect from our Business Name Registration service: 

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

  • Business Name Registration: Your new business name application will be submitted, approved, and registered within 2 to 14 working days.

  • Corporate Affairs Commission (CAC) Filing Fee Included: CAC charges a filing fee for business name registration which is included in the package price - there are no hidden costs.

  • Digital delivery of documents: As soon as your Business name is registered at CAC, we'll deliver a full set of documents to you, including; Certificate of Registration, Status Report, and CTC of application. 

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

  • Tax registration: We'll assist you in registering your Business for tax purposes and obtaining Tax Identification Number (TIN) with the Federal Inland Revenue Service (FIRS), which is mandatory for all Businesses in Nigeria.

  • 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.

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

  • Continuous Business Support: Once a Business Entity is set up, we provide a range of Corporate services to keep it in good standing allowing clients to focus on their core business.

FAQs

Here are some common frequently asked questions (FAQs) along with their answers related to Business Name Registration Service:

Yes, Nigeria's Corporate Affairs Commission (CAC) allows online registration for business names. The process is generally faster and more convenient.

SplashDict is equipped with accredited experts and the necessary resources to assist you in completing the sole proprietorship and general partnership business name registration in Nigeria.

A sole proprietorship is a business structure where an individual owns and operates the business. The sole proprietor is the sole owner and is personally responsible for the business's debts and liabilities.

A general partnership is a business structure where two or more individuals manage and operate a business under the terms and objectives set out in a Partnership Deed. Each general partner is personally liable for the business's debts and obligations.

Sole proprietorships are commonly found in small businesses and service-based industries. Examples include:

  • Freelancers and consultants
  • Small retail shops
  • Individual contractors (e.g., plumbers, electricians)
  • Home-based businesses
  • Professional services (e.g., hairstylists, photographers)
  • Small-scale agricultural enterprises.

Keep in mind that while many types of businesses can be sole proprietorships, this structure may have limitations depending on the nature and scale of the business.

General partnerships are suitable for various types of businesses, particularly those where two or more individuals want to collaborate and share their responsibilities.

Examples of businesses that can be structured as general partnerships include:

  • Professional Practices: Law firms, accounting firms, and medical practices often operate as general partnerships.
  • Small Businesses: Many small businesses, such as local retail stores, restaurants, or service providers, may choose the general partnership structure.
  • Real Estate Ventures: Partnerships can be formed for real estate development or investment projects.
  • Consulting Firms: Partnerships are common in consulting or advisory services where individuals with complementary skills join forces.
  • Family Businesses: Family-owned businesses with multiple family members involved can opt for a general partnership structure.

It's important to note that while general partnerships offer certain advantages, such as shared management and resources, partners also share personal liability for the business's debts and obligations.

Name Search: 6 - 24 hours from submission.
Grant of Certificate of Registration: 24 -96 Hours from filing.
Total time: Approximately 2 - 7 days.

To complete the Registration of Your Sole-Proprietorship Firm in Nigeria, you'll have to provide the following details upon Submission;

  • Proposed Name of the Business (2 Names).
  • The objectives and nature of business.
  • Address of the Business (Can also be a residential Address).
  • Particulars of the Proprietor - Such as; Name, occupation, residential address, email address, phone number, and means of identification (National Identification Card, Data Page of International Passport, Driver’s Licence or Voter’s Card). 

Where the above requirements have been complied with, the CAC shall within 14 days of the submission of the application register the Sole Proprietorship and issue a digital certificate of registration stating the name, date, and registration number of the Business name.

You'll have to provide the following details upon Submission;

  • The name of the partnership: 2 business names (A name availability check will be conducted at the CAC and when one of the 2 proposed names is available, the name will be reserved).
  • Details of at least 2 partners (Name, address, signature, passport, I.D, phone, email, etc).
  • Description of business activity.
  • Details of verifiable registered address and address of the head office (if different from registered address), business email, and phone number.
  • Partnership deed / Agreement (We can provide this). 

Where the above requirements have been complied with, the CAC shall within 14 days of the submission of the application register the partnership and issue a digital certificate of incorporation stating the name, date, and registration number of the Business name.

Business Entity Formation Service in Nigeria
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:

1

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.

2

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.

3

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.

4

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.

5

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.

6

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. 

7

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.

8

Access to funding

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

9

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. 

10

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.

11

Greater market opportunities

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

12

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?

Fast

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

Efficiency

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

Reliable

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 .com.ng Domain Name: We have partnered with one of Nigeria's leading domain name providers to offer you a free .com or .co.ng 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.