Question 1

How long does it take to incorporate a company in Nigeria?

Accepted Answer

With our streamlined process, company incorporation typically takes 7-14 business days from the time all required documents are submitted. This includes name reservation (1-2 days), document preparation (1-2 days), and CAC processing (5-10 days).

Question 2

What documents do I need to incorporate a company?

Accepted Answer

You will need: valid identification (passport, NIN, or driver's license) for all directors, passport photographs, proof of registered office address, details of directors and shareholders, and proposed company name options. Our team will guide you through the exact requirements.

Question 3

What is the minimum share capital required?

Accepted Answer

Under the Companies and Allied Matters Act (CAMA) 2020, there is no statutory minimum share capital for private companies in Nigeria. However, we recommend a minimum of ₦100,000 for credibility and banking purposes.

Question 4

Can a foreigner incorporate a company in Nigeria?

Accepted Answer

Yes, foreigners can incorporate and own 100% of a Nigerian company in most sectors. However, the company must have at least one director who is resident in Nigeria. Certain sectors like oil and gas have local content requirements.

Question 5

What is a MEMART?

Accepted Answer

MEMART stands for Memorandum and Articles of Association. It is the constitutional document of a company that outlines its objectives, share structure, and internal governance rules. We prepare customized MEMARTs for all our incorporation clients.

Question 6

What is the difference between a business name and a company?

Accepted Answer

A business name (sole proprietorship) is not a separate legal entity from its owner, who is personally liable for business debts. A company (Ltd/PLC) is a separate legal entity with limited liability protection for its shareholders. Business names are simpler and cheaper to register.

Question 7

How long does business name registration take?

Accepted Answer

Business name registration typically takes 3-5 business days. This includes name search (1 day), document preparation (1 day), and CAC processing (1-3 days).

Question 8

Can I convert my business name to a company later?

Accepted Answer

Yes, you can convert your business name to a private limited company when your business grows. This is a common path for entrepreneurs. We can assist with the conversion process, which involves incorporating a new company and transferring assets.

Question 9

Do I need to renew my business name registration?

Accepted Answer

Business names in Nigeria are registered once and do not expire. However, you must file annual returns with CAC every year to maintain good standing and avoid penalties.

Question 10

How long does trademark registration take in Nigeria?

Accepted Answer

Trademark registration in Nigeria typically takes 12-18 months. The process includes: search (1-2 weeks), application filing (immediate), examination (3-6 months), publication (2 months opposition period), and registration certificate issuance.

Question 11

What can be registered as a trademark?

Accepted Answer

In Nigeria, you can register words, logos, symbols, slogans, colors, sounds, and combinations of these as trademarks. The mark must be distinctive and not descriptive of the goods or services it represents.

Question 12

How long is a trademark valid?

Accepted Answer

A trademark registration in Nigeria is valid for an initial period of 7 years from the filing date. It can be renewed indefinitely for periods of 14 years upon payment of the renewal fee.

Question 13

Can I register a trademark myself?

Accepted Answer

While individuals can file trademark applications, we strongly recommend using a registered trademark agent. Errors in the application can lead to rejection or weak protection. Our experts ensure your application is properly filed and your brand is well-protected.

Question 14

When are annual returns due?

Accepted Answer

For companies, annual returns must be filed within 42 days after the Annual General Meeting (AGM). Most companies hold their AGM before June 30th, making annual returns due by mid-August. For business names, returns are due by June 30th each year.

Question 15

What happens if I miss the annual return deadline?

Accepted Answer

Late filing attracts penalties that increase with each year of non-compliance. Continued failure to file can result in the company being struck off the CAC register. We recommend setting up compliance reminders to avoid these issues.

Question 16

What documents are needed for annual returns?

Accepted Answer

You need: current list of directors and secretary, shareholders register, annual financial statements, and any changes that occurred during the year (address, directors, share capital). We compile all documents as part of our service.

Question 17

Do dormant companies need to file annual returns?

Accepted Answer

Yes, all registered companies must file annual returns regardless of whether they are actively trading or dormant. Dormant companies may file simplified returns but are not exempt from the filing requirement.

Question 18

How do I track the status of my application?

Accepted Answer

All clients have access to our online client portal where you can track the real-time status of your applications, view and download documents, and communicate with your account manager. You also receive email updates at each milestone.

Question 19

What payment methods do you accept?

Accepted Answer

We accept bank transfers, debit/credit cards, and online payments through our portal. All payments are processed securely. For large corporate clients, we can also arrange invoicing with payment terms.

Question 20

Do you offer refunds if my application is rejected?

Accepted Answer

Our high approval rate means rejections are rare. If an application is rejected due to factors beyond our control (e.g., name similarity with existing entity), we will re-file with an alternative at no additional professional fee. CAC fees may apply for resubmission.

Question 21

Can you help with existing CAC issues or disputes?

Accepted Answer

Yes, we handle various CAC-related matters including: resolving compliance issues, recovering struck-off companies, defending against corporate disputes, and rectifying errors on CAC records. Contact us to discuss your specific situation.

Frequently Asked Questions

Company Incorporation

Business Name Registration

Trademark Services

Annual Returns & Compliance

General Questions

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