How To Register Llc In Nigeria
The company has something called corporate personality.
How to register llc in nigeria. The requirements for registering a company in nigeria are straightforward with no intricacies. So please get a legal adviser. This step is necessary as it helps to reserve the proposed company name for 60days until it is open for use by another person. How to register a limited liability company in nigeria what is a limited liability company. Steps on how to register a business name in nigeria.
Having stated the 4 types of companies available for registration in nigeria it is very relevant to further restate that among all the 4 types of companies mentioned private limited liability companies are the most widely used form of business enterprise in nigeria. General requirements for starting a business in nigeria are as follows. How to register a company in nigeria. The steps for company registration in nigeria include. The commission in charge of the regulation and supervision of the registration and companies is the corporate affairs commission.
Requirements to register a limited liability company the first step required by the applicant is to choose two suitable proposed names for the company. These steps to register a business in nigeria apply whether you are registering an enterprise or a limited liability company. It is a legal entity separate from its members or owners. This whole process if all things are done right will take not more than 14 days to complete. The minimum number of shares that can be registered for a limited liability company is one.
This will save you the legal headaches and help you avoid costly mistakes. An llc or private company limited by shares is an ideal type of company for any investor seeking to invest in nigeria. The standards organisation of nigeria son. Registration of a company. Where this is done an availability check will be conducted on the cac online portal to find out if the name is available and not already in use.
Requirements to register a limited liability company. A private limited liability company has several advantages which include but. A company is a type of corporate structure whereby the legal status of the business is separated from the proprietor promoter of the business. It is advisable that you register your limited liability company through a lawyer. How to register a company in nigeria.