Large business setup in Nigeria
Starting a large company requires thorough preparation and effort, with specific challenges and considerations to consider when establishing a corporation. Let’s explore the benefits of launching a major company in Nigeria and how our tailored solutions can support your journey to success.
The process of setting up a large business
Creating a major company in Nigeria involves a process similar to that of starting a small or medium-sized business. Yet, because of its size and complexity, setting up a large enterprise usually demands additional time and resources. The steps involved are the following:
Choose a business name
The name of the business must be original and not already taken. You can verify the availability of a name on the Nigeria Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your big business. We offer expert advice on Private Limited Company (Ltd.), Public Limited Company (PLC), Branch Office, Holding Company to assist you in making an informed decision that suits your needs and goals.
Set up legal address
When you are starting a business, it is crucial to have a legal address. This address is important because it is where government agencies, legal authorities, and important business correspondence will reach you. Make sure to select a legal address that complies with local laws and fits your business needs.
Get the necessary paperwork ready
Our team of professionals is ready to assist you in developing detailed and tailored documentation that aligns with your company’s structure and objectives. We assure compliance with all legal requirements and will manage the filing procedures on your behalf.
Open a bank account
We will support you every step of the way during the process of opening a bank account, making sure the company follows all regulations and selecting a trustworthy financial institution for your account in Nigeria.
Company registration
We take care of registering your business with authorities such as the Trade and Companies Register and tax authorities, taking away the administrative tasks from you. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to start a big business successfully, it is crucial to keep precise financial records. We have a group of accounting professionals who can assist in setting up efficient accounting and bookkeeping methods that adhere to Nigeria’s rules and regulations.
Large business examples
Large-scale businesses operate in various industries and sectors, each with their unique requirements. Here are a few examples of large-scale businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Nigeria
Nigeria is an attractive location for establishing large businesses, with numerous benefits to offer.
Strategic location
Companies seeking opportunities in Nigeria can benefit from its expansive market and plentiful natural resources, particularly in the sectors of oil and gas, agriculture, and telecommunications. Nigeria’s vast oil reserves, youthful and expanding population, and governmental efforts to encourage investment and growth make it an advantageous market for businesses looking to enter the region.
Favorable tax regime
Nigeria offers a flat corporate income tax rate of 30% and provides incentives for specific sectors and investments. With its vast natural resources and expanding consumer base, the country presents business opportunities in industries such as energy and manufacturing.
Banking
The banking sector in Nigeria is continuously developing, offering stability and investment opportunities for those in search of banking and financial services in a growing economy.
Our Large business setup solutions
We understand the value of your time and resources. That is why we offer two convenient choices to streamline the company formation process.
Business formation online
By utilizing the online platform offered by Nigeria, individuals can start and finish the process of setting up a business from any location globally. The capacity to track progress, submit necessary paperwork, and access our services via secure digital platforms ensures a seamless and convenient experience.
Business formation remotely
If you would rather not get involved in the paperwork process, we are able to assist you with all the necessary formalities. Our team of experts will manage all the paperwork, communicate with the relevant authorities, and ensure that everything is completed properly to ensure your peace of mind.
Contact us
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s take the initial step together.