Starting and registering a company in Nigeria is not a difficult task. However, there are a number of crucial steps that must be taken to ensure a successful registration of your company in Nigeria. Although, it is highly advised to get the help of a legal professional in order to avoid mistakes in the process, you should also understand the processes to be able to follow up adequately on the process.
iDONSABI.com provides this guide to enable you as a new company owner understand all the required procedure to register a company in Nigeria and successfully register your business.
Types of Business Structure in Nigeria
There are several options on how to enter into the Nigeria Market through your business. You can decide to start a new business structure (company) or take over an existing one.
This article is focused on people who intend to start their own new business. Based on this, there are about four types of business structures are available to choose from in Nigeria. They include Sole Proprietorship, Partnerships, Incorporated Trustees and Companies. Each of these has its own tax structure, legal and financial implications peculiar to it.
Requirements for Registering a Business in Nigeria
There are conditions that make a business registerable in Nigeria. Therefore, before you can register any business, you must ensure that it meets any of these conditions;