HOW TO REGISTER A TECH COMPANY IN NIGERIA
Step by step guide on how to register a tech company in Nigeria.
To register a tech company in Nigeria, you'll need to follow the steps outlined below:
1. Choose a business name: Select a unique and appropriate name for your tech company. Ensure that the name reflects your business activities and complies with the guidelines set by the Corporate Affairs Commission (CAC) in Nigeria.
2. Conduct a name search: Submit your chosen business name for a search and reservation at the CAC. This step helps verify if the name is available and hasn't been registered by another entity.
3. Engage a lawyer: It's advisable to engage the services of a lawyer or a qualified professional to guide you through the registration process. They will help prepare the necessary documentation and ensure compliance with legal requirements.
4. Prepare the required documents: Gather the following documents and information:
a. Memorandum and Articles of Association: Draft the memorandum and articles of association, which outline the objectives and rules governing your company's operations.
b. Completed CAC 1.1 Form: Obtain and fill the CAC 1.1 form, which contains information about your company, including the business address, details of directors, and shareholders.
c. Recognized means of identification: Provide copies of valid means of identification for all directors and shareholders, such as international passports, national identity cards, or driver's licenses.
d. Passport-sized photographs: Include recent passport-sized photographs of all directors and shareholders.
e. Registration fee: Prepare the required fee for registration, which varies based on the authorized share capital of your company.
5. Incorporate your company: Submit the completed documents to the CAC office nearest to you. The CAC will review your application, and if everything is in order, they will issue you a Certificate of Incorporation
6. Obtain tax identification: After obtaining the Certificate of Incorporation, register your company with the Federal Inland Revenue Service (FIRS) to obtain a Tax Identification Number (TIN).
7. Open a corporate bank account: Visit a commercial bank of your choice and open a corporate bank account using your Certificate of Incorporation and TIN.
8. Obtain relevant licenses and permits: Depending on the nature of your tech business, you may need to obtain additional licenses or permits from regulatory bodies such as the National Information Technology Development Agency (NITDA) or the Nigerian Communications Commission (NCC). Research and identify any specific requirements applicable to your company.
It is essential to seek professional advice and consult the official website of the Corporate Affairs Commission (CAC) and other relevant government agencies for the most up-to-date information on the registration process and requirements