Company Incorporation in Nigeria

A company is a legal entity separate from its owners, offering limited liability, credibility, and access to opportunities like loans and contracts. SplashDict makes incorporation simple and compliant.

The right structure depends on your objectives:

• One-Person Company (OPC): For solo entrepreneurs.
• Private Limited Company (LTD): For startups, SMEs, and growing businesses.
• Company Limited by Guarantee (LTD/GTE): For charities, NGOs, and non-profit organisations.
• Public Limited Company (PLC): For businesses intending to raise capital from the public.
• Unlimited Company: For businesses requiring an unlimited liability structure.
• Holding Company: For businesses managing multiple subsidiary companies.

Incorporating a company provides legal recognition, enhances credibility, protects your business name, and allows your business to operate as a separate legal entity. Depending on the company type, it may also offer limited liability protection and make it easier to access funding, contracts, licences, and corporate banking services.

Yes. A One-Person Company (OPC) lets a single individual serve as both shareholder and director, giving solo founders full ownership with the protection of a registered limited liability company.

Yes, foreign investors can legally hold ownership stakes. To do so, they must register specifically under the Foreign-Owned Company tier, maintain a minimum share capital of ₦100 Million. 

You'll need your proposed company name, business activity details, registered office address, and full details (NIN, address, phone, email, passport photo) of all directors, shareholders, or guarantors, depending on your structure.

The current practical standard is ₦1 Million for local private companies. While the baseline for a local private firm is ₦100,000, Nigerian commercial banks require a minimum capital of ₦1 Million to open corporate bank accounts.

Public companies require ₦2 Million, Holdings require ₦50 Million, and Foreign-owned firms require ₦100 Million.

Not always. A company secretary is optional for eligible small private companies but is mandatory for Public Limited Companies (PLCs) and Companies Limited by Guarantee (LTD/GTEs).

Processing time depends on the company type, document completeness, and CAC processing timelines. Standard incorporations are typically completed within a few working days once all required information has been submitted.

Upon successful incorporation, you'll receive:

• CAC Certificate of Incorporation
• Memorandum & Articles of Association (MEMART)
• CAC Status Report

Additional documents may be provided depending on your company type or selected services.

Yes. Following CAC incorporation, a Tax Identification Number (TIN) is typically generated through the integrated registration process.

However, additional tax registration or activation steps with the Federal Inland Revenue Service (FIRS) may still be required before commencing certain tax-related activities.

Yes, you can change your directors, shareholders, or share capital at any time after incorporation. All modifications must be approved through a formal company resolution and officially filed online via the Corporate Affairs Commission (CAC) Post-Incorporation portal.