๐ณ๐ฌ Business Structures in Nigeria
Compare the available legal structures for company formation in Nigeria. Each structure has different requirements, costs, and tax treatment.
Private Company Limited by Shares (Ltd)
Min. 1 shareholder
NGN 100,000 (~$65) โ nominal minimum for Nigerian-owned; NGN 200 million (~$130,000) for companies with foreign participation depending on sector
2โ4 weeks
Small and medium businesses entering the Nigerian marketTech startups and digital businessesForeign entrepreneurs establishing a Nigerian presence
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Company Limited by Guarantee (GTE)
Min. 1 shareholder
No share capital โ members guarantee a specified amount (typically NGN 100,000+)
3โ6 weeks
Non-profit organisations, NGOs, and charitable bodiesProfessional associations and industry bodiesSocial enterprises and foundations
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