Public Limited Company (PLC) Incorporation

Public Limited Company (PLC) Incorporation

From: NGN80,000

Register a Public Company Limited by Shares with CAC

A PLC is designed for large corporations aiming to raise significant capital by offering shares to the public, often on a stock exchange. It provides limited liability and a formal structure required to attract institutional investors and IPOs.

Includes: CAC Certificate (with TIN), Status Report & MEMART. Delivered in 5-30 days.

  • *Minimum authorized share capital:

Service Fee (All inclusive):

From: NGN80,000

Start a Public Company Limited by Shares (PLC) 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 5-30 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.

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Why Register a Public Limited Company (PLC) with CAC

Registering a Public Limited Company (PLC) with Nigeria's Corporate Affairs Commission (CAC) is a strategic decision for businesses with significant ambitions for growth, public investment, and market credibility. Unlike a private limited company (LTD), a PLC is structured to raise large amounts of capital from the general public.

  • Wider access to funding: A PLC can raise substantial funds by issuing shares directly to the public through an Initial Public Offering (IPO) or by trading on the Nigerian Stock Exchange.

  • Liquidity for investors: Because its shares are freely transferable and publicly traded, a PLC offers investors greater liquidity than a private company. 

  • Unlimited Growth Potential: There is no maximum limit on the number of shareholders. This allows for continuous, unrestricted capital inflow necessary for large-scale national or international expansion.

  • Enhanced Credibility: PLC status signifies the highest level of transparency, compliance, and structured corporate governance, which is highly attractive to institutional investors, banks, and major corporate partners.

  • Limited Liability: Shareholders' personal assets are protected; their financial risk is limited only to the value of the shares they own.

  • Separate Legal Entity: The company operates independently of its owners and management, enabling it to own vast assets, enter large-scale contracts, and operate with maximum legal autonomy.

  • Perpetual succession: The company continues to exist and function indefinitely, regardless of changes in ownership, management, or the death of a founder.

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

  • High Accountability: PLCs are legally required to disclose their financial performance to shareholders and regulatory bodies, ensuring public trust and strict compliance.

  • 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.

CAC Registration Service

Requirements for Public Limited Company (PLC) Registration with CAC

  • Business Name: One unique name ending in "PLC". 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.)

  • Directors: Details of at least 2 Directors.

  • Secretary: Details of the company secretary (individual or firm). 

  • Shareholder(s): Details of at least 2 Shareholders (individuals or corporate entities).

  • Share Capital: Minimum of ₦2,000,000 for Nigerian-owned PLCs (₦100 million for foreign-owned). At least 25% must be issued. Regulated sectors like banking or insurance require higher capital.

  • 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., 2,000,000 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

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