Company Limited by Guarantee (LTD/GTE) Incorporation

Guarantee Company (LTD/GTE) Incorporation

NGN60,000

Register a Private Company Limited by Guarantee (LTD/GTE) with CAC

A Company Limited by Guarantee (Ltd/Gte) is a specialized not-for-profit legal structure in Nigeria, designed for organizations with charitable, scientific, humanitarian, educational, cultural, religious, or community-focused missions. Unlike companies limited by shares, a GTE has no shareholders, only members (guarantors) who commit to contribute a fixed amount if the company is ever wound up.

You'll receive CAC Status Report, Memorandum & Articles of Association (MEMART), and Certificate of Incorporation (with Tax Identification Number) within 60 working days.

Service Fee (All inclusive):

NGN60,000

Start Private Company Limited by Guarantee (LTD/GTE) in Nigeria

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

  • Filing & Documentation: We handle filings and required documents for registration of Private Guarantee Company (LTD/GTE) with CAC.

  • Official Document: Receive Certificate of Incorporation (with Tax Identification Number), CAC Status Report, and Memorandum & Articles of Association (MEMART) for new Company.

  • Transparent Pricing: Covers CAC Name Requiring Consent Reservation and Registration fees, Stamp Duty payment, and our service fee with no hidden charges.

  • Fast Processing: Completed within 40 to 60 working day(s), depending on Attorney General's office and CAC approval.

  • Secure Document Access: Your incorporation documents are securely stored online, accessible for free anytime, no need to pay CAC for re-downloads.

  • Ongoing Support: Get expert help from our Chartered Secretary and compliance team for all regulatory needs.

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Why Register a Company Limited by Guarantee (LTD/GTE)?

A Company Limited by Guarantee in Nigeria is a special type of non-profit corporate structure designed for advancing causes such as charity, education, science, culture, sports, or community development. Unlike profit-oriented companies, it has no share capital and does not distribute profits to members; all income must be reinvested to achieve its stated objectives.

It offers members limited liability based on a fixed guarantee amount, protecting personal assets from business debts, and it enjoys exclusive name rights and potential tax benefits.

Registration requires Attorney General of the Federation approval, making it a more regulated but highly credible structure for NGOs, foundations, associations, and other mission-driven entities seeking long-term continuity and trust.

  • Non-profit Focus: Similar to Incorporated Trustees, the primary purpose is to pursue non-profit objectives and any income generated is used to further those objectives, not distributed to members.

  • Specific Objectives: Companies limited by guarantee are often used for specific objectives like promoting charitable causes, scitific, education, research, sports, culture, or other community-focused activities.

  • Limited Liability: Members’ personal assets are protected, with liability limited to their guaranteed amount (minimum ₦100,000).

  • No Share Capital: Operates entirely on members’ guarantee, not on shareholding.

  • Attorney General Approval: Mandatory approval before CAC registration, with a 30-day decision window once requirements are met.

  • Professional Credibility: Incorporation is essential for opening business bank accounts and building trust with funders, government agencies, regulators, financial institutions, the public, and other stakeholders.

  • Exclusive Name Rights: Your company name is protected under CAC, preventing others from using it within Nigeria.

  • Perpetual Existence: The company continues to exist even if members change, ensuring continuity and stability. 

  • Tax Benefits: May qualify for exemptions and reliefs; tax applies only to certain commercial activities.

CAC Registration Service

Requirements for Company Limited by Guarantee (LTD/GTE) Registration

  • Proposed Company Name: Three (3) name options for CAC Name Requiring Consent Reservation. Must end with “Limited By Guarntee” or “LTD/GTE”. Instant CAC name approval.

  • Nature of Business: Specify the business category, the specific nature of your company's activities, and the Description of the Activity.

  • Contact & Address: Provide email, phone number, registered office address in Nigeria, and head office address (if different).

  • Articles of Association: Outlines internal governance rules, director/shareholder powers, and company procedures (we use CAC template or provide a customized version).

  • Objects of Memorandum: State the company’s objectives.

  • Directors / Secretary: At least 2 directors and 1 secretary. Provide Personal Details, Contact Details, Address, Means of Identification, and Signature. For Corporate, provide Registration Name and Number, and contact person. 

  • Statement of Guarantee: Members guarantee a specific sum (at least ₦100,000) that they are liable to contribute in case the company is wound up.

  • Guarantors: Minimum of two members and a maximum of 50 (individuals or corporate bodies). Provide each shareholder's personal details, contact information, address, identification, and amount guaranteed.

  • Persons with Significant Control (PSC): Provide personal details, contact information, address, identification, and a signature for any individual or entity holding more than 5% of the company's shares or voting rights, or who exerts significant influence.

  • No-Objection Letter: Required for certain sectors (e.g., from NUC or NBTE). The cost for this is not included in our pricing. 

  • Attorney General's Authorization: The registration of an LTD/GTE requires mandatory approval from the Attorney General of the Federation, who has up to 30 days to review the application.

Start Company Registration

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