HOW TO REGISTER A COMPANY
Company registration is generally done in Nigeria with the government agency in charge of the registration called the Corporate Affairs Commission (CAC). The law governing the registration of company in Nigeria is known as the Companies and Allied Matters Act(CAMA), LFN 2004.

To begin with the business enterprise registration process in Nigeria, one must to begin with hunt for the proposed company from the CAC. An availability search application will likely be made to the CAC. If the specific proposed company is not in conflict with any existing company name, such name maybe available registration to the applicant.

The next step is to finish the electronic form 1.1 from the CAC’s portal. The form provides the particulars and details of the company’s shareholders and the first directors of the company. The information the company secretary and attestation with a legal practitioner must also be completed.

The applicant will also submit its Memorandum and Articles of Association electronically.

The next step following the completing the shape is the payment with the prescribed fees and stamp duty online. And it is after such payment that an electronically stamped form can b printed online over the CAC’s portal.

However, it is very important emphasize that beneath the Nigerian law, specifically the CAMA, every company have to be composed of the least members or shareholders and in addition two directors. The same two shareholders may also be doubled as being a director.

By and large, the review of steps and requirements for a corporation registration in Nigeria are listed below:

1. The first applicant is usually to choose two suitable proposed names for that company. After accomplishing this, an availability check will likely be conducted around the CAC online portal to learn if any of the chosen names can be found and never already in use.
2. The applicant must state the objectives and business of the company will undertake.
3. The applicant must give a registered principal address for that new company.
4. The applicant must give information on the way the shares with the company will likely be divided between the shareholders.
5. The how to go about at the least two (2) Directors is going to be required. A copy of these ways of identification such as drivers' license or international passport have to be provided
6. The applicant must provide the particulars of the company secretary (one of the directors may also act as the Secretary of the company)
7. The applicant is going to be forced to provide information the shareholders in the company. Such details include names, occupation, residential address, email address contact information, cellular phone number and way of identification for example license, international passport or national identity card. The shareholders maybe the identical persons as directors in the company.
8. The Memorandum and Articles of association of the company to become registered has to be provided. The CAC has provided a generic MEMART, which any new company can be adopted online. A company may ask its legal practitioner to draft a unique MEMART.
In conclusion, the procedure for company registration has become simplified with the CAC through partial electronic registration. Consequently, a registration of a company could be completed within 3 to 5 working days