Question
I want to start a Pharmaceutical Company. What will be the business registration structure?

Answer

For a Pharmaceutical business, it is advisable to register as a private limited company. A private limited company is the most preferred choice for this business start-up due to the ease of registration in terms of costs and requirements.

There is no specific share capital threshold hence, the company can be registered with one million share capital.

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.

Let's register your business today

Appointment of Secretary

Except in the case of a small company, every company shall have a secretary.

(2) Where at the commencement of this Act a public company has not appointed a secretary, the company shall not later than six months after the commencement of this Act appoint a secretary.

(3) Anything required or authorised to be done by or of the secretary may, if the office is vacant or there is for any other reason. No secretary capable of acting, be done by or of any assistant or deputy secretary or, if there is no assistant or deputy secretary capable of acting, by or of any officer of the company authorised generally or specially by the directors.

(4) If a public company contravenes the provisions of this section, the company and the directors of the company are liable to a fine in such amount as the Commission shall specify and, in the case of continued contravention, to a daily penalty in such amount as the Commission shall specify.

Can a Foreigner do Business in Nigeria?

Absolutely, foreigners wishing to do business in Nigeria must register a company. They are required to register their business with the CAC and also obtain all necessary permit licenses and authorizations to do business.


Private Limited Liability Company (LTD): This is the most common form of business set up by investors and it requires a minimum share capital of NGN10,000,000.

A private limited liability company is a legal entity in its own right, separate from those who own it. The company requires a minimum of one(1) and a maximum of fifty (50) shareholders and directors. Certain regulated industries require a minimum of two(2) directors.

Can a Foreigner do Business in Nigeria?

Absolutely, foreigners wishing to do business in Nigeria must register a company. They are required to register their business with the CAC and also obtain all necessary permit licenses and authorizations to do business.


Private Limited Liability Company (LTD): This is the most common form of business set up by investors and it requires a minimum share capital of NGN10,000,000.

A private limited liability company is a legal entity in its own right, separate from those who own it. The company requires a minimum of one(1) and a maximum of fifty (50) shareholders and directors. Certain regulated industries require a minimum of two(2) directors.

Are you into Medical equipment supply, Clothing, Accessories, Interior designs, Exterior designs, Painting, Installations, DSTV, Gotv, Airtime, Data subscriptions, Cryptocurrency, Commercial bank, Marketing agency, Water supply company, General contracts and General Merchandize registered or incorporated by CAC (Corporate Affairs Commission) in Nigeria.

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What are the requirements to commence a foreign company registration?

A: The following documents will be required:

Name of the company
Nature of business
Registered office address of the company
Particulars of the directors and shareholders.
Particulars of the secretary
Share Allocation Formula
Signatures of the directors, shareholders and secretary

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No company, limited liability partnership, limited partnership, business name or incorporated trustee shall be registered under this Act by a name or trademark which —

is identical with that by which a company or limited liability partnership in existence is already registered, or so nearly resembles that name as to be calculated to deceive, except where the company or limited liability partnership in existence is in the course of being dissolved and signifies its consent in such manner as the Commission requires.

contains the words "Chamber of Commerce" unless it is a company limited by guarantee;
in the opinion of the Commission, is capable of misleading as to the nature or extent of its activities or is undesirable, offensive or otherwise contrary to public policy;

In the opinion of the Commission, would violate or conflict with any existing trademark or business name registered in Nigeria or body corporate formed under this Act unless the consent of the owner of the trademark, business name or trustees of the body corporate has been obtained;

contains any word which, in the opinion of the Commission is likely to mislead the public as to the nationality, race or religion of the persons by whom the business is wholly or mainly owned or controlled.

Lastly, in the opinion of the Commission, deceptive or objectionable in that it contains a reference or suggests association with any practice, institution, personage, foreign state or government, international organisation or international brand or is otherwise unsuitable; or is capable of undermining public peace and national security.

Let's Register your business today

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.

If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160

...

We are CAC Accredited registration agent in Nigeria.Don't operate without a structure.

We register Solar and renewable energy business & exporters with business name & limited company certificate from CAC.

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PROCEDURE FOR THE REGISTRATION OF BUSINESS NAME IN NIGERIA

The first important thing to do before proceeding with a registration of the business name is to gather the necessary requirements or documents to used for the registration. The requirements for registration of business name are minimal and simply involve names and identification of the partners or proprietors of the business, where more than one person is to register the business name.

The requirements may also include a partnership deed where necessary.
The procedure for how to register a business name in Nigeria or how to register a business enterprise in Nigeria with the Corporate Affairs Commission (CAC) includes few steps, which must be adhered to strictly in getting the desired results.

Let's register your business today©)

What are the requirements to commence a foreign company registration?

A: The following documents will be required:

Name of the company
Nature of business
Registered office address of the company
Particulars of the directors and shareholders.
Particulars of the secretary
Share Allocation Formula
Signatures of the directors, shareholders and secretary

Avoid heavy Penalties from CAC on your registered entity(hospital) by filing your outstanding Annual returns now.

If your registration status is inactive, you are in a risk of been delisted from CAC company database.

We are CAC Accredited Agent. Let's file your annual returns now/07033097160.

THE PUBLIC NOTICE of Corporate Affairs Commission's deadline is April, 2024.
IF you do not file your Annual Returns sections 421 (1) & 822 (1) CAMA 2020, your business risks being struck out! We are CAC Accredited Agent.
Call/WhatsApp 07033097160

Let's register your business today

All businesses transacted at annual general meetings are deemed special business, except declaring a dividend, presentation of the financial statements and the reports of the directors and auditors, election of directors
in the place of those retiring, the appointment, fixing of the remuneration of the auditors, appointment of members of the audit committee and disclosure of remuneration of managers of a company, which are ordinary business.

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.


If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160.

Let's register your business today

Most of business names ends with the suffix "Enterprise" or "Ventures" or "Services" while Private limited Liability company ends with suffix "Limited" or "Ltd".

A Company is a business arrangement which enjoys legal personality. It is a corporate body and separate from its members (owners). The liabilities of members (owners) of a Company may be limited by shares or guarantee or may be unlimited. A Company may be public or private. The name of a Company must end with the word “Limited” or “Limited by Guarantee” or “Unlimited” or their abbreviations (“Ltd or PLC” or “Unltd” or “Ltd/Gte”)

Annual Returns Filing for a Private Limited Liability Company:


Evidence of Update is issued within 7 days of payment and once issued we will then write CAC to update the status on the portal (to show active). We do not have control over when it will start showing active but from experience it's typically done within 5 working days.

•Requirements to file Annual Returns include:

•CAC documents

•Particulars of the directors, secretary and shareholders (address, phone number, email and ID)

*Due to a recent announcement regarding the delisting of certain companies by CAC, there has been an increased volume of annual returns filings.

Sample Agricultural commodities production and Trading Company

1. To prepare, manufacture, process, market, trade, import, export, improve, sell and deal in all kinds of agro/agri/food products including but not limited to spices, oil seeds, grains, vegetables, herbs, pickles and other items derived from agricultural, farming or relevant activities.

2.To carry on the business of manufacturers, merchants, producers, chillers, processors, dealers and distributors of agricultural produce and derivatives.

3. To carry on and deal in all kinds of aerated, artificial or mineral water, carbonated drinks, fruit drinks, canned food, packed food, squashes, syrups, soft drinks, milk and milk products and beverages.

4. To carry on all activities ancillary and related to agricultural commodities trading and general merchandise.

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