English Chinese (Simplified) French German Italian Japanese Korean Portuguese Russian Spanish Turkish
.:DOING BUSINESS:.

:: Our Methodology ::

We:


meet & discuss;


take instructions;


act & deliver.

:: Limited Liability Company ::

 

 PRIVATE OR PUBLIC LIMITED LIABILITY COMPANY

 

A Private or Public limited liability company is a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them ( “referred to as a LLC or PLC").

 A private company is one which is stated in its memorandum to be a

private company.

 The total number of members of a private company can be a minimum of two and a maximum of 50.

 Any company other than a private company shall be a public company

and its memorandum shall state that it is a public company.

 The minimum authorised share capital for an LLC is N10,000 in the case of  a PLC is N500,000.

At least 25% of the authorise share capital must be issued.

 Registration Requirements:

(i)     Availability and Reservation of Name

(ii)    Payment of appropriate Stamp Duty to Federal Board of Inland Revenue

(iii)   Submission of Memorandum and Articles of Association together with statutory forms for verification and assessment

(iv)   Payment of filing fees at the Corporate Affairs Commissionion

Doing Business in Nigeria
All business enterprises must be registered with the Registrar-General of the Corporate Affairs Commission (Registrar of Companies).

A foreign investor wishing to set up business operation in Nigeria should take all steps necessary to obtain local incorporation of the Nigerian branch or subsidiary

Legal Notice      Copyright 1st Attorneys in Nigeria 2016. All Rights Reserved