Nigeria
Corporate Guide

How much does it cost to incorporate a company in Nigeria?

The cost of incorporation of companies varies amongst the different types of companies and the proposed issued share capital with which the company is to be registered. Preliminary, the cost of name reservation is NGN 500 (less than USD 0.32) and NGN 5,000 (approximately USD 3) for restricted names and companies limited by guarantee. Upon approval of the name, the registration cost is calculated in accordance with the schedule of fees published by the Commission.

Please click here to access the schedule of fees. The CAC charges a fee of NGN 10,000 (approximately, USD 7) and NGN 20,000 (approximately USD 13) to register a private and public company respectively, with issued share capital of NGN 1 million (approximately USD 653). Where the issued share capital exceeds NGN 1 million, the CAC shall charge a graduated fee of NGN 5,000 (approximately USD 3) for every NGN 1 million in the share capital. The CAC charges the sum of NGN 20,000 (approximately USD 13) for registering a company limited by guarantee. 

In addition to the registration fees, the promoters shall stamp the memorandum and articles of association of a company limited by shares at the rate of 0,75% on the value of the issued share capital of such a company. We note that the foregoing fees are exclusive of bank charges and professional fees payable to accredited agents.