Public Limited Company in Nigeria
The Federal Republic of Nigeria has shown to be one of the greatest places for a new entrepreneur to be in, with expanding business prospects and per capita GDP. We offer a comprehensive business solution that includes, registration, set-up, and maintenance.
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We assist you in the development of your firm through expert consultation and incubation – incorporation, registration, and licensing.
Public Limited Company registration conditions
A minimum share capital of N 500,000 is required by law. To create a public limited company in Nigeria, the Corporate Affairs Commission (CAC) requires a minimum of two people. In addition, the maximum number of shareholders in such a business is unrestricted.
Timeline
A public limited company takes up to 5 weeks to be incorporated.
Fees
It cost around 9,690 USD to incorporate Public Limited Company. Request our fee by contacting us.
Compulsory regulation
The words “Public Limited Company” or its abbreviation “PLC” must appear after the company’s name.
There are no restrictions on the transfer of shares to the general public under the shares and debentures.
The company’s minimum authorized share capital is N 500,000. During the company’s incorporation, the founding members must contribute 25% of the share capital.
The shareholders of such a firm are only liable for the amount of capital they have placed in the company.
Documents
Certain paperwork must be kept ready for quick and easy registration of a company, according to the Corporate Affair Commission, which is the governing authority on the establishment and management of companies in Nigeria. These are required documents and details:
- Directors’ names, residences, phone numbers, and email addresses (minimum of two adult directors),
- The proposed address for the company,
- The company’s proposed share capital (N500,000 at least),
- A copy of an international passport, permanent voters’ card, national id card, or driver’s license as a means of identification for directors, shareholders, and the Company Secretary,
- Objects of the Company, i.e. the business that the Company intends to run
- The Company’s Memorandum and Articles of Association,
- We ensure that these documents are ready and by the law.
Consultation about Public Limited Company registration
Our consultation services are tailored to assist you in setting up your business as a Public Limited Company in Nigeria. Our expert advisors will support you from preparing the initial paperwork to acquiring the required permits and registrations, ensuring a seamless and effective process. We offer personalized guidance on legal obligations, share capital, and corporate structure so you can make well-informed decisions that are in line with your business objectives.
Ownership management
The task of managing ownership in a Public Limited Company is complex yet essential. Our services involve overseeing changes in ownership, managing beneficial owners, and supervising ownership transfers. We guarantee that all ownership modifications are accurately documented and adhere to current regulations.
Corporate structure changes
As your company grows and changes, your organizational structure may need to adapt. We offer a range of services to help make adjustments to your directors, nominee information, or any other structural aspects of your business in a streamlined and efficient manner.
Share capital management
Managing share capital is essential for the financial well-being of your company. Our services can assist you in boosting, lowering, selling, and transferring share capital while ensuring that all transactions are done accurately and in compliance with legal regulations.
Other legal forms in Nigeria
Other types of legal business structures available in Nigeria:
- Private Limited Company (LTD),
- Holding Company,
- Branch Office.
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Accelerate your business growth while we take care of everything else.