Starting a business in Nigeria
Legal Forms of Companies
- Private Limited Company (PLC)
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Number of partners: Minimum two, maximum 50
Capital (max/min): At least 10,000 NGN
- Public Limited Company (LTD)
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Number of partners: Minimum two
Capital (max/min): At least 500,000 NGN
- Company limited by guarantee (LBG)
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Number of partners: Minimum two (and maximum fifty for private companies)
Capital (max/min): At least 10,000 NGN for private companies and 500,000 NGN for state-run companies
- Unlimited company (UNLTD)
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Number of partners: Minimum two (and max fifty for private companies)
Capital (max/min): At least 10,000 NGN for private companies and 500,000 NGN for state-run companies
Setting Up a Company |
Nigeria |
Sub-Saharan Africa |
Procedures (number) |
7.0 |
7.5 |
Time (days) |
7.2 |
21.3 |
Source: Doing Business, 2016
- Business Setup Procedures
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Consult Doing Business Website, to know about procedures to start a Business in Nigeria.
Find out more about Operating a Business in Nigeria on GlobalTrade.net, the Directory for International Trade Service Providers.
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Latest Update: April 2022