1. What are the Requirements for Registration of a Private Limited Liability Company (also known as “LLC”)? A private limited liability company is the most common type of company for business undertakings in Nigeria. By virtue of section 18 of the Companies and Allied Matters Act 2020 (“CAMA”), one or more shareholders can form a small company limited by shares. A company is small if, amongst others, the turnover is less than N25,000,000 (about US$50,000) and it has no foreigner or government or government corporation as a shareholder. So, unless for financial institutions like banks, mortgage institutions, payment systems companies … Continue reading COMPANY REGISTRATION IN NIGERIA: REQUIREMENTS, COSTS AND REGULATORY COMPLIANCE MATTERS