Eternity Law International — News — Ready-made company in Nigeria

Ready-made company in Nigeria

Published:
August 9, 2023

Nigeria offers foreign investors increasingly favorable conditions for doing business. Opening a company in the territory of the jurisdiction is a great start for the development of the African market or the successful diversification of assets. Our specialists offer companies for sale in Nigeria and full legal support at all stages of registration of activities.

We have many years of experience in the establishment and licensing of firms in hundreds of jurisdictions around the world. Our lawyers will also assist you in purchasing a ready-made company in Spain, Cyprus, Estonia, Germany and other countries.

Benefits of a ready-made company in Nigeria

The advantages of the opportunity to buy shelf companies in Nigeria are as follows.

  1. By registering your company, you get a personal right to choose the name of the company. This means that you can choose absolutely any name, since in the future you will receive a registration document that allows you to work with a company name.
  2. By registering the activity, you will be able to open an account in any Nigerian bank. This will help further business operations, as potential clients will be assured of security when depositing funds into a local corporate account. This approach will significantly improve the reputation of the company.
  3. Company owners will be able to take out a loan from a Nigerian banking institution, which is important for the development of the enterprise.
  4. Reliable and prosperous market with a rapidly developing economic sector profitable for businesses incorporation.
  5. You can easily get a visa to travel to other African countries.
  6. Extensive local market for highly qualified personnel.

Types of shelf companies in Nigeria

According to the local law basis, next-mentioned categories of companies exist.

  1. Sole ownership. In such a company, the owner not only receives all the profits, but also bears all the responsibility.
  2. Private company with limited liability. This is a legal entity that includes the owner and shareholders. In Nigeria, this type of organization is the most popular. In such a company, it is possible to check the legitimacy, shareholders and financial statements, since information about this is in the public availability. Shareholders’ liability is limited to the start-up capital they have contributed. Thus, the shareholders’ own assets are protected.
  3. Public company with limited liability. The firm is allowed to put up for sale its own shares and be listed on the stock exchange. But it is necessary to comply with the conditions for the minimum number of shares to be issued. As a rule, the cost of running such a firm is an order of magnitude higher than the cost of a private enterprise, so a public company is more often used by large holdings.
  4. Private company with unlimited liability. This is an enterprise that may or may not have share capital. Such a firm is similar in part to a private company with a LL, but the legal liability of business participants and shareholders is not limited.

How to buy a shelf company in Nigeria

You can purchase companies with bank account in Nigeria by following the algorithm of actions:

  • selection of a company that is ideally suited to your requirements. It is important to take into account the future direction of the business, the target market and commercial intentions;
  • checking the company for debts, as well as its financial statements, so as not to run into problems in the future;
  • preparation of required documents for renewal;
  • change of name and appointment of new directors;
  • opening an account at a local banking institution and connecting a payment system for transactions.

Our specialists will accompany you through each of the above steps, so you can quickly and easily start your business with shelf companies in Nigeria. We also help in obtaining licenses for various activities, in particular, Forex licenses in the Cayman Islands, gambling licenses in Malta, crypto permits in Estonia and much more.

Document list and requirements

You can buy shelf companies in Nigeria with the help of our qualified specialists. The founders of such enterprises can be citizens of any state, so there will be no problems with registration. Consider the list of documents that you need to check when buying a company:

  • all statutory documentation must be fully registered and ready for transfer;
  • the presence of a registered company name, which will need to be changed by the new owner;
  • the enterprise must have an identification number, while the tax number does not have to be registered;
  • it is also necessary to check the existence of a business history.

Getting companies for sale in Nigeria is one of the quickest and easiest ways to start a business in Nigeria. In the case of most shelf companies, these commercial structures do not have a professional history. This is done specifically for further sale.

Buying a ready-made company in Nigeria

It is important to immediately determine the type of company and the criteria that it must meet. Our specialists will help you check all reports, make copies of legal documents and will accompany you at every stage of this procedure. When the company is already re-registered, our experts will help you make a tax number for paying VAT and obtain all licenses and permits necessary for your business. Buying shelf companies in Nigeria includes several steps:

  • registration of documents at the notary;
  • buying shares in a company;
  • appointment of a director;
  • opening a bank account;
  • amendments to the Commercial Register.

Our lawyers, who have been working in this field for many years and are well aware of all the nuances of the process, will help you in everything.

Tax system in Nigeria

  1. In this jurisdiction, the corporate income rate is 30% for large enterprises and 20% for medium ones. Small firms are completely exempt from this type of tax.
  2. The population is charged 24% income tax.
  3. VAT is only 7.5%.
  4. The tax commission on capital gains is 10%.

Contact our company for help and you will be able to open your business in Nigeria much faster.

How much does a ready-made company in Nigeria cost?

The price of companies with bank account in Nigeria varies depending on various factors, therefore it is calculated individually for each client. The professionals of our company will accurately calculate all upcoming expenses, including additional corporate services of experts. We’ll optimize your budget as much as possible and offer the most suitable service conditions. Our managers will provide you with the necessary information in advance.

What is included in the cost of our services

Our firm’s experienced lawyers assist clients in the business registration and licensing industry worldwide. We know how to competently interact with regulators and have a large selection of ready-made companies for sale in Nigeria and other countries.

  1. Obtaining licenses or permits to conduct business.
  2. Full support in the purchase of ready-made companies.
  3. An extensive corporate service list: selection and hiring of employees, search and registration of a local office, etc.
  4. Opening a local bank account and connecting a merchant account.
  5. Comprehensive professional advice on all related issues.

We arrange a turnkey business in any jurisdiction. Each client is important and valuable to us, because we are focused on the most effective result.

How do I buy a ready made business in Nigeria?

When purchasing shelf companies in Nigeria, entrepreneurs no longer need to go through the company registration procedure. Moreover, many ready-made companies already have a bank account and a license to operate. To buy a ready-made company or get appropriate advice, contact the specialists of our company. We provide practical services and advice on the sale of businesses and licenses around the world. Our specialists will be able to select for you the most profitable commercial project that would fully meet your wishes and capabilities.

What is an aged shelf corporation in Nigeria?

Shelf companies for sale in Nigeria are those that were not in operation after registration. They have a clean history; they are characterized by a complete lack of commitment, partnerships and interactions with clients. Our team will help you choose a business that matches your capabilities and wishes in terms of commercial development. We will also guide you through every step of the company acquisition process.

What types of ready-made companies are for sale in Nigeria?

The market offers ready-made registered companies that have not operated before; clean history and no liabilities guaranteed. In addition to these, there are companies with bank account in Nigeria that previously operated but are now up for sale. We offer a variety of ready-made corporations, the list of which is constantly updated with new interesting offers. Our experts will help you with the execution of the transaction and accompany you in the first stages of starting your business.

What are the risks of buying a ready-made company in Nigeria?

The decision to buy shelf companies in Nigeria also entails some risks. If the company was already operating before the sale, it may be involved in debts, liabilities, lawsuits, bankruptcy, and more. It also happens that the previous owner may have registered the company incorrectly, failed to obtain a license, failed to comply with certain local policies, and the like. We will help you buy a ready-made corporation without risks and with maximum benefit.

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