Private Limited Company (LTD) Incorporation

Private Limited Company (LTD) Incorporation

From: NGN55,000

Register a Private Liability Company Limited by Shares with CAC

An LTD protects your personal assets from business debts. It’s open to Nigerians and foreigners, and can have one or up to 50 shareholders, with shares kept private and not traded publicly. You'll receive CAC Status Report, Memorandum & Articles of Association (MEMART), and Certificate of Incorporation (with Tax Identification Number) within 10 working 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: NGN55,000

Start Private Company Limited by Shares (LTD) in Nigeria

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

  • Filing & Documentation: We handle Name Reservation, Filings, and required documents for registration of Private Limited Liability Company (LTD) with CAC.

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

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

  • Fast Processing: Completed within 2 to 10 working day(s), depending on 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.

Get Started now!

Why Register a Private Liability Limited Company with CAC?

A Private Limited Company (LTD or LLC) offers limited liability, legal recognition, and exclusive name rights. It’s suitable for individuals, groups, or corporate investors, both local and foreign. Ownership can be by one person or up to 50 shareholders, but shares cannot be publicly traded.

Foreign participation is allowed, but companies with foreign ownership must meet a minimum share capital requirement of ₦100 million. Registering with the Corporate Affairs Commission (CAC) gives your business credibility, long-term compliance, and a scalable corporate framework for growth.

  • Protection of Personal Assets: Your personal assets, such as homes or cars, are shielded from company debts and legal issues.

  • Separate Legal Entity: The company is distinct from its owners, enabling it to own property, enter contracts, sue, or be sued independently.

  • Private Ownership Structure: Shares are not publicly traded, and ownership is limited to a maximum of 50 shareholders, giving you greater control over the business.

  • Perpetual Existence: The company's legal status is maintained even if its ownership or management changes over time.

  • Professional Credibility: Incorporation is essential for registering with FIRS, Opening business bank accounts, applying for licenses, and building trust with customers, investors, government agencies, regulators, financial institutions, and the public.

  • Exclusive Name Rights: Your company name is reserved and protected by the Corporate Affairs Commission (CAC), preventing others from using it.

  • Access to Funding: LTDs can more easily attract investors and secure loans from financial institutions.

  • Potential Tax Benefits: Small companies with a turnover under ₦25 million are exempt from Company Income Tax (CIT) in Nigeria.

CAC Registration Service

Requirements for Private Limited Company (LTD) Registration with CAC

  • Proposed Business Name: Must end with “Limited” or “Ltd”. 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: Provide Personal Details, Contact Details, Address, Means of Identification, and Signature. For Corporate, provide Registration Name and Number, and contact person. 

    Minimum 1 director for small companies; 2 for other LTDs (max 15). Secretary required for non-small companies (optional for small companies).

  • Total Issued Share Capital: A detailed breakdown of the company's share capital, including the class of shares, the number of shares, and the nominal value of each share.

    Minimum ₦100,000 (higher for certain regulated sectors; ₦100 million minimum for companies with foreign participation).

  • 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.

  • Shareholders: The company requires a minimum of one member and a maximum of 50 (individuals or corporate bodies). Provide each shareholder's personal details, contact information, address, identification, and share allotment details.

  • Foreign Company Participation: Foreign-owned companies require a minimum ₦100 million share capital. Provide foreign certificate of incorporation, board resolution approving Nigerian incorporation, and residence permit for resident foreign directors (where applicable).

Start Company Registration

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