Formation of Private Company Limited by Shares (LTD)

Most Nigerian companies are established as private companies limited by shares. This is an ideal choice for freelancers and contractors who want to start companies.

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

 

 

 
Formation of Private Company Limited by Shares.
Maximum members / shareholders.
CAC Filing Fee Included.
Drafting of the memorandum and articles of association.
Preparation and submission of required documents to the incorporation authority.
Digital delivery of Certificate of Incorporation.
Digital Delivery of status report.
Digital Delivery of Memorandum & Articles of Association.
Digital storage of Documents.
Tax Identification Number inclusive.
Digital Delivery of Share Certificate.
Digital Delivery of Company Register with First Entries.
VAT Registration.
PAYE Registration. 
Business Bank Account opening assistance.
Free .com or .com.ng Domain Name.
Company Seal.
Priority Customer Support.
3 to 14 Business Days Delivery.

LTD Incorporation

Formation of Private Company Limited by Shares.
Maximum members / shareholders. : 10
CAC Filing Fee Included.
Drafting of the memorandum and articles of association.
Preparation and submission of required documents to the incorporation authority.
Digital delivery of Certificate of Incorporation.
Digital Delivery of status report.
Digital Delivery of Memorandum & Articles of Association.
Digital storage of Documents.
Tax Identification Number inclusive.
Digital Delivery of Share Certificate.
Digital Delivery of Company Register with First Entries.
VAT Registration.
PAYE Registration. 
Business Bank Account opening assistance.
Free .com or .com.ng Domain Name.
Company Seal.
Priority Customer Support.
3 to 14 Business Days Delivery.

LTD Incorporation Pro

Formation of Private Company Limited by Shares.
Maximum members / shareholders. : 50
CAC Filing Fee Included.
Drafting of the memorandum and articles of association.
Preparation and submission of required documents to the incorporation authority.
Digital delivery of Certificate of Incorporation.
Digital Delivery of status report.
Digital Delivery of Memorandum & Articles of Association.
Digital storage of Documents.
Tax Identification Number inclusive.
Digital Delivery of Share Certificate.
Digital Delivery of Company Register with First Entries.
VAT Registration.
PAYE Registration. 
Business Bank Account opening assistance.
Free .com or .com.ng Domain Name.
Company Seal.
Priority Customer Support.
3 to 14 Business Days Delivery.

  • Select package

    Select one of our either packages below;

    * 

    • Incorporation of a Private Company Limited by Shares Incorporation.
    • Incorporation of a Private Company Limited by Shares Incorporation company with Secretarial support.

    Select Share Capital

    Share capital is the investment in a company by its members (owners). A private company limited by shares (LTD) is required to have a minimum issued share capital of 100,000 naira.

    By default, we use 1,000,000 naira share capital. If higher, select below. 

    *Share capital (Million)

    Company Name

    Enter Two (2) Proposed Company Names (in order of priority).

What’s included?

Here are some of the features to expect from our Private Limited Company Incorporation packages.

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

  • Private Company Limited by Shares: Your new company will usually be formed within 3 to 14 working days; when your new company gets approved by the corporate affairs commission (CAC), you can start trading immediately.

  • 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.

  • FREE Business Bank Account from one of our banking partners: We provide a choice of up to 8 business bank or payment institution accounts including; GTB, UBA, First Bank, Access Bank, Standard Chartered, etc. 

  • 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. Unlike on CAC portal, where you’ll pay to get your documents after 7 days of registration. 

  • Support for the drafting of MEMART: Memorandum of Association and Articles of Association are the two basic documents required in the process of Private Company Incorporation. Our drafting service can provide either a whole new set of company articles or clauses to be inserted into existing articles of association for particular purposes.

  • Tax Identification Number: Tax identification number (TIN) is included on the certificate of incorporation by default. In a few cases when CAC omits, we’ll apply to the Federal Inland Revenue Service (FIRS) for TIN after incorporation.

  • VAT Registration: Allow our highly trained staff to handle the formalities of your VAT registration. It gives the ability to claim back VAT on goods and services purchased by the company. VAT registration also enables deals with suppliers and customers who are not willing to deal with companies that are not VAT-registered.

  • PAYE Registration: PAYE registrations are compulsory for all businesses that employ people and pay them monthly salaries.

    Avoid potential complications by allowing our highly trained staff to take care of the registration and administration on your behalf. Our team can handle tax registrations, calculation assistance, monthly declarations, and twice-annual reconciliations.

  • 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.

Get Started

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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.

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