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Unlimited Company Incorporation

Name: Unlimited Company Incorporation - Splashdict
Brand: CAC Registration
Price: 60000.00 NGN
Availability: InStock

NGN60,000

Register an Unlimited Liability Company with CAC

An Unlimited Company is a legal entity where members or shareholders have no limit to their liability. This means they are personally responsible for any debts or obligations the company cannot meet, even beyond their shareholding. While rarely used, this structure suits specific financial, investment, and professional service firms that prioritize confidentiality, control, and capital stability.

Service Fee (All inclusive):

NGN60,000

Start Company Unlimited by Shares 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 Unlimited Company with CAC.
Name Availability Check & Reservation: We conduct a CAC name search and reserve your preferred company name.
Official Confirmation: Receive Certificate of Incorporation (with Tax Identification Number), CAC Status Report, and Memorandum & Articles of Association (MEMART) for new Company.
Transparent Pricing: Covers CAC fees 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!

Private Limited Company (LTD) Incorporation in Nigeria

Why Register an Unlimited Company?

An Unlimited Company is a type of corporate entity registered where the liability of its shareholders is not limited to the amount of capital they have invested. In the event of winding up, members are fully liable for the company's debts. This structure offers distinct advantages, particularly in terms of capital flexibility and certain regulatory exemptions.

Unlimited Liability: Shareholders are personally liable for all company debts and obligations, extending beyond their capital contribution.
Separate Legal Personality: Like limited companies, unlimited companies have their own legal identity, allowing them to enter contracts, own property, and sue or be sued in their own name.
Financial Confidentiality: Unlimited companies are not required to disclose as much financial information publicly compared to limited companies, offering greater privacy for shareholders.
No Fixed Minimum Share Capital: Unlimited companies are not required to maintain a fixed minimum share capital, offering more flexibility in managing their finances.
Confidentiality: Financial information, such as accounts and dividends, is not required to be filed publicly, allowing an unlimited company to operate without exposing its financial details.
This provides a competitive edge by keeping sensitive data private, while still being able to analyze competitors' publicly available financial information.
Suitable for Niche Ventures: Often used by law firms, high-capital ventures, or close-knit partnerships where all members have confidence in mutual financial responsibility.
Professional Credibility: Incorporation is essential for 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 protected under CAC, preventing others from using it within Nigeria.
Perpetual Existence: The company remains legally active regardless of changes in ownership or management.
Creditor Confidence: With unlimited liability, shareholders and members are personally responsible for the company's debts. This boosts creditor confidence as they know that shareholders’ assets are at risk, reducing the likelihood of insolvency.
Potential Tax Benefits: Small companies (turnover under ₦25 million) are exempt from Company Income Tax (CIT) under Nigerian law.
Regulatory Compliance: Unlike other companies, private unlimited companies are not required to file Annual Returns with the CAC.

CAC Registration Service

Requirements for Unlimited Company Registration with CAC

Proposed Company Name: Two unique name options for CAC availability search and reservation.
Business Activity (Objects): Clear description of the company’s primary business purpose or activities.
Registered Office Address: The physical business address in Nigeria where the company will be located.
Statement of Liability: A declaration stating that the liability of the members is unlimited, meaning their personal assets may be at risk in the event of the company’s insolvency.
Statement of Issued Share Capital: Provide the total number of issued shares, their nominal value, and share classes (e.g., equity or preference).
Memorandum and Articles of Association (MEMART): A draft document outlining the company's constitution, objectives, share capital, and internal governance rules.
Can be customized or use CAC’s template.
Membership: Requires at least one initial member (individual or corporate body).
Particulars of Director(s): Details include Full name, Address, D.O.B, Gender, Occupation, Valid identification, Signature, and Consent to act as a director.
At least one director (for small companies) or two for other private companies (maximum 15 directors).
Particulars of Initial Shareholders: Details include Full name, Address, Occupation, Valid identification, and Signature. Also provide the number of shares held, the nominal value of each share, and payment information for each share.
Maximum of 50 shareholders are allowed in LTD.
Particulars of Secretary: Details include Full name, Address, Valid identification, and Signature.
Required for non-small companies (optional for small companies).
Particulars of Persons with Significant Control (PSC): Details of any individual or entity holding more than 25% ownership, voting rights, or significant influence over the company.