Private Limited Company (LTD) Incorporation

Private Limited Company (LTD) Incorporation

From: NGN60,000

Register a Private Liability Company Limited by Shares with CAC

An LTD protects your personal assets from business debts. It’s perfect for entrepreneurs, startups, and SMEs, allowing for 1 to 50 shareholders with shares kept private. This is the most popular structure for building a scalable business in Nigeria.

Includes: CAC Certificate (with TIN), Status Report & MEMART. Delivered in 3-14 days.

  • *Select Share Capital:

    Foreign-owned companies must have a minimum share capital of ₦100 million.

     

    Foreign-Owned Companies

    • ₦100 Million – Minimum share capital for any company with foreign participation.

    ₦2 Million

    • Individual Investment Adviser

    • Consultant (Partnership)

    • Aviation Training Institution

    ₦5 Million

    • Corporate Investment Adviser

    • Corporate/Sub Broker

    • Consultant (Corporate)

    • Insurance Broker

    • Lottery

    • Freight Forwarding

    ₦10 Million

    • Private Security Company/Consultant

    • Agricultural Seeds, Production, Processing & Marketing

    • Cabotage Trade

    ₦20 Million

    • Venture Capital Manager

    • Capital Trade Point

    • Finance Company

    • Air Ambulance/Fumigation/Private Jet

    ₦25 Million

    • Shipping Company/Agent

    • Cabotage Trade

    ₦30 Million

    • Sports Lottery

    • Travel/Tours

    ₦35 Million

    • Bureau de Change

    ₦40 Million

    • Unit Microinsurer

    ₦50 Million

    • Unit Microfinance Bank (Tier 2)

    • Commodities Broker

    ₦100 Million

    • Stock Dealer

    • State Microinsurer

    • HMO (State)

    ₦150 Million

    • Fund/Portfolio Manager

    • Corporate Investment Adviser (Registrar)

    • Rating Agency

    • Life Microinsurance

    ₦200 Million

    • Issuing House

    • Stock Broker

    • Underwriter

    • Unit Microfinance Bank (Tier 1)

    • Takaful Insurance (General & Family)

    • General Microinsurance

    ₦250 Million

    • Payment Solution Services (PSS – Combined)

    ₦300 Million

    • Broker/Dealer

    • Trustee

    • Asset Management (Intangible Assets)

    ₦500 Million

    • Closed Pension Fund

    • Air Transport (Local)

    • Aviation (Ground Handling Services)

    ₦600 Million

    • National Microinsurer

    ₦1 Billion

    • Microfinance Bank (State & FCT)

    • Air Transport (Regional)

    • Pension Fund Administrator

    ₦2 Billion

    • Market Maker

    • Mobile Money Operations

    • Switching & Processing

    • Primary Mortgage Institution

    • Pension Fund/Asset Custodian

    • Air Transport (International)

    ₦5 Billion

    • Microfinance Bank (National)

    • Non-Interest Bank (Regional)

    • Payment Service Bank

    ₦8 Billion

    • Life Insurance

    ₦10 Billion

    • Commercial Bank (Regional)

    • Non-Interest Bank (National)

    • General Insurance

    ₦15 Billion

    • Merchant Bank

    ₦18 Billion

    • Composite Insurance

    ₦20 Billion

    • Re-Insurance

    ₦25 Billion

    • Commercial Bank (National)

    ₦50 Billion

    • Commercial Bank (International).

Service Fee (All inclusive):

From: NGN60,000

Start a Private Company Limited by Shares (LTD) in Nigeria

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

  • End-to-End Filing: We handle everything from the CAC name search and reservation to preparing and filing all required incorporation documents on your behalf.

  • Official CAC Documents: You'll receive the Certificate of Incorporation (with TIN), Status Report, and Memorandum & Articles of Association (MEMART).

  • Transparent Pricing: Our fee covers CAC name reservation and registration, FIRS stamp duty payment, and our professional service; no hidden charges.

  • Fast Processing: Completed within 3-14 days, depending on CAC approval.

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

  • Ongoing Support: Get ongoing assistance from our Chartered Secretaries and compliance team for all your post-incorporation needs.

Get Started now!

Why Register a Private Limited Company (LTD) with CAC

Registering a private limited liability company (LTD) with Nigeria's Corporate Affairs Commission (CAC) is a popular choice for businesses because it offers significant legal and financial benefits. This structure is widely used due to its flexibility and the strong legal protections it provides to business owners.

  • Limited Liability: The owners' personal assets (home, savings, car) are legally shielded from the company's debts, obligations, or lawsuits. Liability is limited to the value of shares owned.

  • Separate Legal Entity: The LTD is a "legal person" distinct from its shareholders. It can own assets, borrow money, enter into contracts, and sue or be sued in its own name.

  • Perpetual succession: The company’s existence is independent of its owners. The business continues to operate and exist even if a founder, director, or shareholder leaves or dies.

  • Exclusive name protection: Once registered, your company's name is legally protected by the CAC, preventing any other business in Nigeria from using it.

  • Private Ownership: Ownership is flexible (minimum 1, maximum 50 shareholders), and shares can be easily transferred to other parties without disrupting the business

  • Formal legal status: Registration gives your business a unique identity, including an RC number. This legal recognition is essential for entering into contracts, engaging with government agencies, and conducting business.

  • Prerequisite for Compliance: Incorporation with CAC is mandatory for the registration of TIN and VAT ID from FIRS, opening corporate bank accounts, SCUML registration, and securing permits or licenses.

  • Potential Tax Benefits: Companies meeting the definition of a small company (turnover not exceeding N100 million and assets not exceeding N250 million) may be eligible for exemption from Companies Income Tax (CIT) and Capital Gains Tax (CGT).

CAC Registration Service

Requirements for Private Limited Company (LTD) Registration with CAC

  • Business Name: One unique name ending in "Ltd" or "Limited." This name is instantly verified on the CAC portal.

  • Business Activity: Provide the Nature of Business, Specific Nature, and a clear description of your primary operational activities.

  • Address & Contact: The Registered Office Address in Nigeria (mandatory) and the Head Office Address (if different), along with the official email and phone number.

  • Objects of Memorandum: Define the objectives and purposes for which the company is established.

  • Articles of Association: Outline the internal rules governing the company’s management and operations. (CAC provides a standard template, but it can be customized upon request.)

  • Director(s): Details of at least 1 Director for small companies or 2 for non-small companies.

  • Secretary: Details of the company secretary (individual or firm). Optional for small companies. 

  • Shareholder(s): Details of at least 1 Shareholder for small companies (individuals or corporate entities). Maximum of 50.

  • Share Capital: Minimum of N100,000 for Nigerian-owned companies or N100 million for companies with foreign ownership. Sectors like banking, insurance, or aviation have significantly higher industry-specific minimums.

  • Share Structure: Breakdown of the total capital, including the class of shares (e.g., ordinary or preference), the number of shares, and the nominal value of each share (e.g., 1,000,000 shares valued at ₦1 each).

  • Persons with Significant Control (PSC): Details of any individual or entity owning 5% or more of shares, voting rights, or exercising significant influence/control.

Start Company Registration

RELATED SERVICES