Getting Your Company and Commercial Entities Registered in Nigeria

procedure for obtaining business permit
Procedure For Obtaining Business Permit
January 4, 2019

Getting Your Company and Commercial Entities Registered in Nigeria

The experience assisting clients in company registration in Nigeria and giving best legal advice as the lawyer licensed & accredited  by Nigerian Corporate Affairs Commission has shown that understanding  the legal requirements involved to register a company and related issues could be very challenging or confusing for new entrepreneurs, startups, local or non-Nigerian business owners without a lawyer’s help or guide with wealth of experience in corporate practice in Law  and the Nigerian Corporate Affairs Commission CAC vide Companies and Allied Matters Act No 1 CAMA 1990 now Act C20 LFN 2004. It is now compulsory that all Private and Public Companies must be registered online through Nigerian Corporate Affairs Commission portal by accredited attorneys or lawyers.

However, the following are the concise and simplest legal requirements to know:

  1. Suggest name and type of Company (Private or Public Limited Liability Company).
  2.  Instruct your lawyer to conduct the search on the propose Company name at the Corporate Affairs Commission (CAC) to confirm its availability.Your attorney will reserve the name, if available
  3. Inform your Solicitor about the nature of the Company (nature of business) of the Company.
  4. Shareholding structure/Shareholders minimum 2 Directors, Shareholders and their addresses.
  5. Names of initials Directors and their addresses.
  6. Registered office, Residential Address & Government issued means of identification.
  7. The lawyer will prepare Memorandum and Articles of Association in line with the Client’s instructions.
  8. The lawyer and the client will Confirm suitability of the draft Memorandum and Articles and prepare final copies which must conform with the new CAC Standard Memo in the portal.
  9. Complete statutory forms and pay stamp duty
  10. The next stage,the lawyer will Submit all documents online duly stamped Memorandum and Articles, the statutory forms and Directors consents to CAC and pay filing fee.
  11. The attorney will present at the CAC all original duly signed documents and obtain Certificate of Incorporation and certified true copies of Form CAC 2.3 (formerly Form C07), and the Memorandum and Articles of Association.
  12. Without query on the application for company registration the certificate should ready within 14days to collect the original copy of Certificate of Incorporation in any of CAC offices nationwide in Nigeria
  13. The next stage is the registration for Tax (the VAT and TIN number ). for opening of bank accounts.

 

We provide best corporate legal services in Nigeria as the leading international commercial Law firm that assist and support clients in various areas of commercial and corporate law practice in Nigeria. Our services generally includes Company incorporation & formation for Local and Foreign Investors, setting up of foreign owned company & due diligence, Corporate Governance,banking  & financial technology (fintech start-ups), intellectual property registration, energy, oil & gas law, government licensing and approvals, drafting laws and operating agreements, Partnership Agreement, Corporate Finance, Purchase or Sale of existing Company, Purchase or Sale of Intellectual Property, Dissolution of Company, drafting commercial contracts, Import & Export, Distribution, and other business, commercial and Corporate Law services.

Our capable and smart lawyers and attorneys in Lagos Nigeria are ready to help and assist you on all the above legal services.