All you need to know about company registration
www.regville.com

Incorporating a company is a serious business and should not be taken with levity. You need to understand the pros and cons for each type of business structure.

Apart from helping our clients to incorporate a company, we proffer free advisory support service for Nigerians, Nigerians in Diaspora and even non-Nigerians who desire to do business in Nigeria.

We have a series of frequently asked questions answered in a way and manner that makes understanding easy.

Please, visit our website (check my profile or click on the signature below) to get these information, including fees and duration.

i wld like to know if my 2 children both under 5 yrs can be directors in my company. And if my wife who is a foreginer can be a director of a LTD compnay.

Kindly advice

Smile4mee01: i wld like to know if my 2 children both under 5 yrs can be directors in my company. And if my wife who is a foreginer can be a director of a LTD compnay.

Kindly advice

Your children cannot be directors in your company until they attain teenage years. In those days, we used to squeeze in names of minors as directors. But as early as January this year, CAC has devised a new rules by asking for directors to submit means of identification (national ID, drivers' licence, international passport and lately voters ID).

As for your wife, a foreigner, you know by marriage, your wife should become a Nigerian and so She would not be addressed as a foreigner. However, if that does not work, a fast way is to use her foreign address, with that you would not have issues with CAC. For more you could holla me at kleandenation@yahoo.ca.

Thank U Omogidi234. Well said. I wld holla u via mail.

Smile4mee01: i wld like to know if my 2 children both under 5 yrs can be directors in my company. And if my wife who is a foreginer can be a director of a LTD compnay.

Kindly advice

Your children can only be Directors if they are at least 18 years of age. As for your wife, the fact that she's a foreigner raises a question. However, foreigners can take part in the formation of a company as long as due process is followed.

Even if she must use a Nigerian address, does she posses any of the IDs requested? A copy of valid identification is now a requirement for registration.

WHAT DOES IT TAKE TO REGISTER AN IMPORTED PRODUCT.

Smile4mee01: i wld like to know if my 2 children both under 5 yrs can be directors in my company. And if my wife who is a foreginer can be a director of a LTD compnay.

Kindly advice

I just visited the CAC website now and your foreign wife can be anything in your company. In fact, I read there that foreigners can even open a company in Nigeria and have 100% equity in that company. Non-resident foreigner (residing outside Nigeria) can register company while the resident foreigner can only do if he/she has resident permit obtained from Nigeria Immigration Service.

Please visit cac.gov.ng to read further. I was surprised to see today that CAC actually have one-day registration of company at their Abuja headquarters (at higher fees) instead of the long name search and lawyer stories I have been hearing and reading here. The only news I read on an online newsletter and I found on their website, which I am yet to see the proof/confirmation is that Minister of Internal Affairs or something like that saying CAC purportedly saved N1bn for using online/direct company registration instead of the manual, lengthy mago-mago pattern we complain about. I could still not find anywhere on their system or in their news where online application/registration of companies was mentioned. They need to explain that to us.

You can get helpful information about company registration
www.regville.com

Anyone who goes to CAC's website and decides to swallow hook, line and sinker whatever political news& additions that are fed to the public...is on his or her own. Why not try the 48hrs Online regristration and hit me up with ur success story! So what about the compliance form that only lawyers can attest to??Lawyers are not just talking coz they know the colour of the CAC building in Maitama Abuja(even cab drivers and mallams are privy to that fact)...we are talking coz Corporate law practice na by learning and practice wey we dey fit do am o! The technicalities no be joke o..so Make una take seat make we tell una how far! #Dazall!

@iphie25

Many thanks for the apt observation. Many people go to government agencies' website and begin to paste the content here or advise users to go try them out. It may work out there but in Nigeria it doesn't work that way.

@@arbitrage

There are one thousand and one agencies that a foreigner would have to satisfy before he/she can commence business in Nigeria. As a foreigner, you don't want to heed all those stuffs of 48 hours, trust me. What you need to do is to instruct a lawyer or other CAC accredited agents.

Generally, as a foreigner, you will have cause to deal with Corporate Affairs Commission, Federal Inland Revenue Service, Nigerian Investment Promotion Council, Nigerian Immigration Service, Ministry of Internal Affairs, in addition to these, if you are involved in Technology, you will need permit from Notap's office for technology transfer, if you are involved in Telecoms, you know NCC is a must for you, if you are involved in oil and gas, DPR is a must, if you are involved in consumable/drug NAFDAC is a must, other products, you must register with SON through intertek. If you would need to bring in capital/ repatriate funds like MTN, you must register with CBN, if you want to go into shipping, you cannot do without NIMASA and so on.

The 'good'side of it is that all these registrations (about 90%) must be done before you commence business in Nigeria.


Now back to CAC, to commence business in Nigeria as a foreigner, your minimum share capital is 10 million, that also depends on who is registering for you.

Noteworthy is the fact that, CAC would not register a foreign company without having met the expatriate quota requirement, although, NIPC says it has a desk where some of these requirements are accelerated.

Also, if you are going into shipping, 25 million share capital, aviation- 500 million share capital for domestic and 1b share capital for international.

There is also the issue of Form CAC 4 which is meant to be signed on oath by lawyers or accredited agents of CAC.

In the light of the above, may I humbly inform you that what you read and regurgitated above may not be feasible.

Many thanks.

You can read all about company registration here. The cost, requirements, allocation of shares, naming rules etc

I will personally recommend Regville for registration of businesses, they have excellent customer service and help you get all post incorporation documents for opening of Corporate bank account at no extra cost.

Got them through http://business-registration-nigeria.gnbo.com.ng/home

or call: 08155081809

For current procedures on how to register your business in Nigerian, read the step-by-step guide here http://fertilenigeria..com/2013/08/how-to-register-your-business-in.html

Do you know that PENDOK is a corporate consultancy firm with CAC accreditation. We can assist you with all corporate concerns from proposed business names, limited liability companies, non government association and their alterations etc. Having assisted over 100 clients in Nigeria and diaspora with our CITS model ( Consultancy, Incorporation, Taxation and Service). We also assist our clients with FIRS TIN, EFCC SCUML, Corporate concerns (Annual returns, appointment of directors, increase in share capital, allotments etc). Visit us today on www.pendok.com, via email at inquiries@pendok.com or call 08107804290.

Interested in investing in the fastest growing and biggest economy in Africa? Think Pendok we have assisted over 100 clients and promoters in Diaspora to achieve in aims with all corporate needs in Nigeria. With incorporation, taxation, consultancy and other relevant corporate services in Nigeria. We are the best and foremost in corporate services, with accreditations from relevant Nigerian agencies like CAC, Ministry of Justice, Ministry of Trade, Investment and Commerce etc. We register business name, LLC, NGOs and other corporate alteration at affordable costs. Visit www.pendok.com or call 08107804290 or email inquiries@pendok.com.

Regville Associates is proud to be Nigeria’s foremost company registration firm. What makes Regville distinctive and different is that not only will they help you register your company they will help you get necessary documents that your bank requires to open a corporate bank account at NO EXTRA COST.
For further details visit www.regville.com

According to the Federal Government drive to making the cost of doing business cheap in Nigeria, do you know that registering a business name, limited liability companies and other allied dealing with the Corporate Affairs Commission is now very easy & faster and can be done by the first directors, proprietors and trustees (promoters).
If you need assistance as regards the particulars of a proposed company, stamping of documents, pre-incorporation documentation, filing of incorporation documents, registration and incorporation, preliminary matters after incorporation (Company Seal, FIRS TIN, EFCC SCUML, Corporate Bank Opening) & Post incorporation (annual returns, changes in memorandum, removal or appointing directors, change of company name, increase in share capital).
We are also professionals in trademarks, patents, copyrights & special designs; NAFDAC registration, NIPC registration, NEPC registration and other government special registration, taxation (TCC, VAT & CIT returns) etc.
We have assisted over 200 hundred promoters, clients in Nigeria and Diaspora with our all inclusive corporate service. Contact us to enjoy our advantage.
Why not contact us via mail pendoknig@yahoo.com or call us on 08107804290 & 08026103452.

EVG Business Consulting Limited has been in existence since 2018 offering the following services:

Business name registration: 16,000
Company Registration: 45,000
NGO: 95,000
Scuml: 40,000
TIN: 5,000
Accounting Services like Bookkeeping, payroll Computation, etc.
we also offer post incorporation services like change of name or director

Instagram: evgbusiness
Phone number: 08128057533
Email: Info@evgbusiness.com
Website: evgbusiness.com
Office address: Suite D1 Kuriftu Plaza by Ecobank Jabi Abuja.

SOME CORPORATE CAVEATS FOR YOUR BUSINESS IN 2022.
1. BUSINESS NAME
Yes, you registered your business name in 2021, even if it was in the month of December, the company will be due for ANNUAL RETURNS in 2022. Do not wait until the CAC search engine tag it INACTIVE before you do the needful and default will also attract penalty.

2. LIMITED COMPANIES
I incorporated my company in 2021 too. Yes, depending on the month, especially when it was incorporated before July, this means you will be filing annual returns in 2022. The law is 18 months after incorporation. Always know you have a fiduciary duty to do this and avoid penalty and INACTIVE status.

3. INCORPORATED TRUSTEES
Incorporated Trustees or NGOs? Yes, Church, Mosque, Club, Foundation, Initiative, Association etc. are also not left out on filing ANNUAL RETURNS. If, it was registered in 2021, then they are also liable to file, default will attract PENALTY and INACTIVE status on the CAC search web.

4. INACTIVE STATUS
What about I that registered before or prior 2021 and my company is showing INACTIVE on the CAC search web? Every company promoter must know that they owe the corporate entity a fiduciary duty to be free from liabilities and be in the good books of relevant industry regulators. As you may know, your company status is public knowledge. File your company’s ANNUAL RETURNS up to date.

5. UPGRADE MY BUSINESS NAME
I have a registered business name, but I desire and want to upgrade that same business name as a LIMITED COMPANY. Yes, it is achievable and stress-free, if you have the copy of the CAC Certificate of the existing Business Name. Do this to keep trading with the goodwill you have built on the existing business name.

6. CHANGE IN REGISTERED COMPANY ADDRESS
My company recently relocated its office address from where we initially used in the CAC documents. Yes, that is a welcome development, but you must act in good faith by duly notifying and filing to effect this change in the company document with the CAC. You will be penalize if you default after 14 days.

7. I WANT A GROUP
I want to expand, or I have expanded my business interests, but I have only 1 registered limited company and will like to have a GROUP. Having a GROUP is possible and it is not cumbersome. You must have at least 3 registered companies, this companies will be the subsidiaries and shareholders of the intended GROUP. Then, getting the GROUP is achievable.
8. CHANGE IN THE COMPANY STRUCTURE
My company made some changes in the structure of the company whether recently or before now and we would like to effect the changes in the bank. Do you know that you owe a fiduciary duty to firstly notify and file the changes within 14 days with the CAC? Default will attract fines and penalties. Always keep your company safe from liabilities.

9. VALUED ADDED TAX (VAT)
My registered business name has commenced operation on or before 6 months ago and I don’t know I am meant to be filing VAT (Value Added Tax) monthly. Ignorantia Juris Non Excusat (Ignorance of the law is not an excuse). It is meant to be filed on or before 21st of every month. Do this and avoid any penalty or liability from the FIRS.

10. USING NGO TO DO BUSINESS
I registered a Limited by Guarantee or an Incorporated Trustees (Club, Church, Mosque, Association, Initiative, Foundation etc.) and I have running business services or goods with it, and I have been making profit from it, though I have been using majority of the proceeds to further the objectives of the NGO. Desist from such acts, it is called ultra-vires. You are not meant to run a business with an NGO, unless you want it to be taxable and an IT isn’t a profit-making machine. Continuity will attract penalties, fines and soil the integrity of the entity.

It’s a new year and GCCL (Gomez Corporate Consult LTD) is back, revived, and active with assisting all interested company promoters with their relevant corporate demands.
We will also like to announce that we will be continuing our discount promo this new year, accept fast while offering last!!!

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc)
4. Intellectual Properties (Trademark, Patents, Specialized Designs)
5. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc)
6. EFCC SCUML Application
7. NAFDAC Registration
8. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
9. Corporate Services (Consent Code Application, Company Search etc)
10. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations).

Some of our services at affordable consideration:

Business Name Registration: N20,000 (Certificate will be out within 10 working days)
Limited Partnership/ LP: N35,000 (Certificate will be out within 10 Working days)
Limited Liability Company/ LLC: (1 million share capital): N50,000 (Certificate will be out within 10 Working days)
Limited Liability Partnership/ LLP: N60,000 (Certificate will be out within 10 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 40 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications).

Contact us by visiting our website: www.gomezconsult.com call us on 08107804290 or 08102794272; mail us at info@gomezconsult.com.

Some registrations concluded this past week.....GCCL.....the help that counts.

It’s a new year and GCCL (Gomez Corporate Consult LTD) is back, revived, and active with assisting all interested company promoters with their relevant corporate demands.
We would also like to announce that we will be continuing our discount promo this new year, accept fast while offering last!!!

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Limited Liability Partnership (LLP)/ Limited Partnership (LP)
4. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc)
5. Intellectual Properties (Trademark, Patents, Specialized Designs)
6. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc)
7. EFCC SCUML Application
8. NAFDAC Registration
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
10. Corporate Services (Consent Code Application, Company Search etc)
11. Receivership, Company Voluntary Administration (CVA), Corporate Administration.
12. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations).

Some of our services at affordable consideration:

Business Name Registration: N20,000 (Certificate will be out within 10 working days)
Limited Partnership/ LP: N35,000 (Certificate will be out within 10 Working days)
Limited Liability Company/ LLC: (1 million share capital): N50,000 (Certificate will be out within 10 Working days)
Limited Liability Partnership/ LLP: N60,000 (Certificate will be out within 10 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 40 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications).

Contact us by visiting our website: www.gomezconsult.com call us on 08107804290 or 08102794272; mail us at info@gomezconsult.com.

Some registrations concluded this past week.....GCCL.....the help that counts.

It’s a new year and GCCL (Gomez Corporate Consult LTD) is back, revived, and active in assisting all interested company promoters with their relevant corporate demands.
We will also like to announce that we will be continuing our discount promo this new year, accept fast while offering last!!!

We assisted clients/ promoters in the following areas:
1. Company Registration (Business Name & Partnership)
2. Limited by Shares Companies (Private Limited Company, Public Limited Company, Unlimited Company, Limited by Guarantee)
3. Limited Liability Partnership (LLP)/ Limited Partnership (LP)
4. Group of Companies, Holdings & Consortium
5. Incorporated Trustees (Foundation, NGO, Club, Church, Initiative, etc)
6. Intellectual Properties (Trademark, Patents, Specialized Designs)
7. Taxation (TIN Application, TCC Application, CIT Filings, VAT Filings, etc)
8. EFCC SCUML Application
9. Post Incorporation Services (Annual Returns, Removal or Appointment of Directors, Alteration to the Memart etc)
10. Corporate Services (Consent Code Application, Company Search etc)
11. Receivership, Company Voluntary Administration (CVA), Corporate Administration.
12. Consulting Services (Assisting clients/promoters who have ongoing/pending registrations).

Some of our services at affordable consideration:

Business Name Registration: N20,000 (Certificate will be out within 10 working days)
Limited Partnership/ LP: N35,000 (Certificate will be out within 10 Working days)
Limited Liability Company/ LLC: (1 million share capital): N50,000 (Certificate will be out within 10 Working days)
Limited Liability Partnership/ LLP: N60,000 (Certificate will be out within 10 Working days)
Incorporated Trustees (NGO, Church, Mosque, Foundation, Club, Initiatives): N100,000 (Certificate will be out within 40 days (inclusive of the mandatory 28 days for a public opinion after the newspaper publications).

Do contact GCCL now on 08107804290/08102794272 via call/WhatsApp, mail info@gomezconsult.com or visit www.gomezconsult.com now.
Some registrations concluded this past week.....GCCL.....the help that counts.