A Business Name (Sole Proprietorship or Partnership) is ideal for small businesses and is owned by individuals without separate legal identity. A Limited Liability Company (LLC) is a legally separate entity, offering liability protection and making it easier to raise capital and do business with corporate clients.
Yes, you can register a business with a virtual office address, but you must provide a valid Nigerian address for official correspondence.
Yes, you can apply for a Business Name Change or Company Name Change through the Corporate Affairs Commission (CAC). We can assist with the entire process.
A Private Limited Company (LLC) in Nigeria requires at least one director (for small businesses) and can have up to 50 shareholders.
Yes, foreign investors and Nigerians in the diaspora can register a business in Nigeria remotely. We facilitate the entire process online.
Yes, foreign investors can own 100% of a company in Nigeria, except in industries restricted by law (e.g., oil & gas, broadcasting). However, foreign-owned businesses must register with the Nigerian Investment Promotion Commission (NIPC).
No, but some industries require a Nigerian shareholder or local content participation for licensing approval.
An Expatriate Quota allows foreign employees or business owners to live and work in Nigeria. It is required for companies hiring foreign staff or having foreign directors.
Foreign-owned companies in Nigeria must have a minimum share capital of ₦100 million or more depending on the industry.
Annual Returns are mandatory yearly filings with the CAC that confirm your business is still active. Failure to file may lead to penalties or business deregistration.
Yes, every registered company must obtain a TIN from the Federal Inland Revenue Service (FIRS) for tax compliance. We assist with TIN registration as part of our post-incorporation services.
You can upgrade from a Business Name to an LLC by re-registering the business under the CAC and updating your tax records with FIRS.
Yes, you can officially dissolve (wind up) your company by applying for a voluntary liquidation or striking off the company from the CAC register.
✔ SCUML License (for businesses handling high-value transactions)
✔ NAFDAC Registration (for food, drugs, cosmetics)
✔ CBN Licensing (for fintech & financial services)