Registration of Incorporated Trustees

Registration of Incorporated Trustees

₦150,000.00

Incorporation of Trustees of Certain communities, Bodies, and Associations in Nigeria

  • *Select Your Package

    Upon completing your order, you’ll be redirected to submit your information to process your registration. Choose from our Trustee incorporation packages:

Incorporated Trustees Registration Packages

Our Standard package provides essential formation documents, while the Pro package includes advanced features and ongoing support.

Standard Package
₦150,000
- Incorporated Trustee Registration with CAC.
- CAC Filing Fees included.
- Public Notice published in two national newspapers.
- Tax Identification Number (TIN).
- Digital copy of Certificate of Incorporation.
- Digital copy of approved Constitution.
- Digital copy of CAC status report.
- 20 to 40 business days delivery.
Pro Package
₦200,000
Includes everything in the Standard Package, plus:
- Full Company Secretary Service (1 Year).
- Printed copy of all Trust' Documents.
- Delivery of Company Seal.
- Business Bank Account Opening Assistance.
- VAT and PAYE Registration assistance.
- Priority Customer Support.
 
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Our Process

  • Choose a Package: Select your desired package and complete the secure online payment.

  • Provide Information: Submit your company details through our quick online form.

  • Process Your Application: We handle the filing and processing with the CAC.

  • Receive Documents: Get your CAC-approved business registration documents.

Why Choose us?

  • Fast & Efficient: Complete your registration in minutes with our streamlined digital platform.

  • Expert Support: Work with CAC-accredited agents and Chartered Secretaries for a seamless process.

  • Transparent Pricing: Enjoy clear, upfront pricing with no hidden fees.

  • Secure & Reliable: Trust us to protect your private information.

Requirements for Incorporated Trustees Registration

Here are the requirements for Incorporated Trustees registration with the CAC:

  • Proposed Trust Names: 2 options (1st choice and alternative)

  • Aims and Objectives: A clear description of the purpose and goals of the organization.

  • Classification of the Association: Category of the association (e.g., Religious, Educational, Literary, Scientific, Social, Developmental, Cultural, Sporting, Charitable).

  • Registered Office Address: Physical address within Nigeria.

  • Trustee Details: Names, nationality, addresses, occupations, IDs, and passport photos. 

  • Details of Principal Officers: Information on key officers like the Chairman and Secretary.

  • Constitution: Rules governing internal affairs, including governance structure and Board of Trustees.

  • Minutes of Meeting: Documented meeting where trustees were appointed and special clauses adopted.

  • Publication of Notices: Notices in 2 national newspapers, announcing the intention to register the organization.

  • Common Seal: A physical seal for your organization. 

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Features of Incorporated Trustees

Features of Incorporated Trustees

Here are the key features of Incorporated Trustees of Certain communities, Bodies, and Associations:

  • Non-Profit Nature: Established for Religious, Educational, Literary, Social, Developmental, Cultural, Sporting, Charitable, or other purposes without the intention of making profits.

  • Separate Legal Entity: Functions independently from its members (Trustees), allowing it to own property, sue, and be sued.

  • Limited Liability: Trustees are not personally liable for the organization’s debts; liability is limited to the organization's assets.

  • Trusteeship: Managed by a Board of Trustees responsible for governance and decision-making.

  • Perpetual Succession: Continues indefinitely, even if trustees change, ensuring continuity of the organization.

  • Constitution: Governed by a constitution outlining the organization’s objectives, governance structure, and rules.

  • Public Notice Requirement: Notices must be published in national newspapers to notify the public of its incorporation.

Benefits of Incorporated Trustees Registration

Here are the key benefits of Incorporating a Trusteeship: 

  • Legal Recognition: Incorporated Trustees have a distinct legal identity, enabling the organization to operate as a separate legal entity from its members.

  • Limited Liability for Trustees: Trustees and members enjoy limited liability, meaning they are not personally responsible for the organization’s debts and liabilities.

  • Perpetual Succession: Incorporated Trustees enjoy perpetual succession, meaning the organization continues to exist regardless of changes in trustees or members.

  • Enhanced Credibility: Incorporation enhances the organization’s credibility, making it easier to attract donors, partners, and volunteers.

  • Access to Funding: Enhance eligibility for grants, donations, and funding opportunities from governmental bodies, donor agencies, and philanthropic organizations.

  • Brand Protection: Protects the organization's name and identity. 

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FAQs

Frequently asked questions about Private Limited Company Incorporation in Nigeria:

An Incorporated Trustee refers to a group of individuals appointed to manage the affairs of a non-profit organization, foundation, or trust. Once registered, they operate as a single legal entity under Nigerian law.

Any group of people with a common goal or purpose, such as religious organizations, community groups, professional associations, and non-governmental organizations, can register as an Incorporated Trustee. The registration is suitable for non-profits that do not distribute profits to members.

The following classifications shall apply to incorporated trustees;

1) Religious
2) Educational
3) Literary
4) Scientific
5) Social
6) Developmental
7) Cultural
8) Sporting
9) Charitable
10) Others.

Three major steps appear on the timeline of registration of an NGO.

  • The first step is the name search which takes approximately 24 hours or less.
  • The second step is newspaper publication. After the newspaper publication, trustees must wait for 28 days before taking any further steps.
  • At the expiration of the 28 days, we file all documents, and the application if not queried would be approved within a week or two.

The total period to register an NGO in Nigeria is approximately two months.

Anyone can be appointed a trustee in so far as the person is not an infant or a person of unsound mind.

Also, an undischarged bankrupt can neither be a trustee nor a person who has been convicted of fraud or dishonesty within the last five years before his proposed appointment.

Anyone who is appointed a trustee must give his consent otherwise his appointment would be invalid.

The key difference between an incorporated trustee and a company limited by guarantee lies in their legal structure and operational focus.

An incorporated trustee is a legal entity established for non-profit purposes, managed by appointed trustees and governed by a constitution. It primarily engages in charitable, religious, educational, or social activities and relies on donations and grants for financing.

On the other hand, a company limited by guarantee operates similarly to a traditional company but with members acting as guarantors committing to pay a nominal amount in the event of winding up.

While both serve non-profit objectives, the incorporated trustee is specifically designed for trustee governance of non-profit organizations, whereas the company limited by guarantee operates under a more commercial structure with member guarantors.

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Register your Incorporated Trustees of certain Communities, Bodies, and Associations in Nigeria

Here's how SplashDict's team of CAC-accredited consultants can help:

  • Trustee Registration: Nigerian Incorporated Trustees Registration with the CAC.

  • Documentation Preparation: Our experts handle all necessary registration documents.

  • Trustee Name Search and Reservation: We check availability and secure your desired Entity name.

  • CAC Filing Fee Included: No hidden costs, everything is included in the package price.

  • Minutes of Meeting: We'll provide meeting minutes appointing the first trustees.

  • The constitution: We'll assist in working on the Association's constitution. 

  • Newspaper Publication: We handle the mandatory public notice publication in two national dailies, including details of the association and trustees.

  • Submission and Processing: We ensure all requirements are met and manage the submission process for efficient approval by the CAC.

  • Tax Identification Number (TIN) Assistance: Issued upon incorporation.

  • Essential Documents Delivery: Receive your Certificate of Incorporation, Approved Constitution, and Status Report.

  • Company Secretarial Support: Ongoing assistance with statutory requirements and filings.

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