FAQs
Incorporating a company gives it a distinct personality, separate from the individual members of the company. The Company becomes a person in the eyes of the law, it can act its name, own property and can sue and be sued. Most importantly, incorporating the company gives it perpetual succession.
A company must be incorporated before it commences operations. In essence, once you identify a business you want your intended company to engage in, you must complete the incorporation process of the company before carrying on business in its name. We have considerable expertise in this regard and are available to assist you in this regard.
There are different types of companies. The type of company to incorporate depends on a number of factors – the amount of money available as capital, the kind of business and sphere of operation, number of people that will be members of the company and post registration compliance issues
Our consultants are available to provide guidance on the type of company or business arrangement that would suit your goals.
A company is incorporated by applying to the Corporate Affairs Commission who will issue a Certificate of Incorporation upon satisfactorily meeting the incorporation requirements. The sector in which the company intends to do business also determines the regulatory and statutory permits or licenses that would be required. Our team of experts have considerable experience in incorporating companies and are happy to help you in this regard.
A foreign company is allowed to carry on business in Nigeria. Such company, must however, incorporate a separate entity in Nigeria before it carries out business.
Some companies are however exempted from registration in Nigeria. These companies must apply to the President of the Federal Republic of Nigeria through the Secretary to the Federal Government. Upon exemption, they may carry on their business with the status of an unregistered company.