ALL >> General >> View Article
How A Nigerian Or Foreign Investor Can Incorporate A Company At Cac And Register For A Business Cert

An Investor can participate in the growth of the Nigerian economy. It is immaterial whether such investment drive is motivated by an individual or a foreign corporate entity.
Based on the topic of discourse, the first step an investor has to take in order to participate in the bubbling Nigerian economy is to incorporate a company with the corporate affairs commission (CAC) of Nigeria. The effect of carrying on Business without registration is that such an investor will be guilty of a criminal offence and liable on conviction to a fine.
It is important to note that the requirement of the law does not limit or prohibit a foreign investor from suing to protect its rights and be sued where liable without registration in Nigeria.
Below are STEPS an Investor is expected to take to commence an investment drive in Nigeria.
STEP 1
The investor has to locate a Corporate lawyer in Nigeria and give him or her all necessary instructions such as the name of the company, the business of the company, share capital, email, phone number, means of ID of shareholders, proposed registered address, subscribers to ...
... the memorandum and articles of association etc.
STEP 2
The legal practitioner will conduct an availability and reservation of name.
STEP 3
After the name is reserved, all incorporation information and documents will be submitted through the commission’s web portal (https://services.cac.gov.ng/dashboard) as well as all relevant filing fees and stamp duties receipt.
STEP 4
At this stage, a certificate of incorporation is issued as a prima facie evidence of incorporation.
The next STEP an investor with foreign participation equipped with a certificate of incorporation will take in actualizing his or her dream of reaping from the enormous resources in Nigeria will be to register with NIPC
A Corporate Legal practitioner handling the brief will be required to take a trip to NIPC office to obtain an NIPC Form 1 or can download from this link https://ibechidoassociates.com/download-legal-documents/) Once the Form is duly completed, it has to be returned to the Commission with the following documents
1. Memorandum & Articles of Association
2. Evidence of Incorporation
3. CAC Form 1.1 (or CAC Forms CO2 and CO7 for old companies)
4. Power of Attorney/ Letter of Authority (where applicable)
5. Evidence of Payment of Processing fee of N15, 000.00 through www.remita.net.
REFERENCES:
• Nigerian Investment Promotion Commission (NIPC): https://nipc.gov.ng/wp-content/uploads/2019/06/NIPC-Business-Registration-Form-I.pdf#viewer.action=download
• Ibe, Chido and Associates: https://ibechidoassociates.com/how-a-foreign-investor-can-participate-in-the-growing-nigerian-economy-by-registering-at-the-corporate-affairs-commission-cac-and-nigeria-investment-promotion-commission/?preview=true
• Corporate Affairs Commission (CAC): https://services.cac.gov.ng/dashboard
Okpi, Ibe Chinedu is the Principal partner in the Law Firm of Ibe, Chido and Associates ( www.ibechidoassociates.com ) with an extensive knowledge in Corporate and Commercial Law Practice. He can be contacted via phone: 07069279374 or email: info@ibechidoassociates.com.
Okpi, Ibe Chinedu is the Principal partner in the Law Firm of Ibe, Chido and Associates ( www.ibechidoassociates.com ) with an extensive knowledge in Corporate and Commercial Law Practice. He can be contacted via phone: 07069279374 or email: info@ibechidoassociates.com.
Add Comment
General Articles
1. Hr Management: How To Handle Termination Of EmploymentAuthor: Rosalina Wolf
2. Dme Billing And Home Health Billing: Integrated Medical Billing Services For Better Care
Author: Charlie Robinson
3. High Employability Through 64 Kala Concept
Author: Chaitanya Kumari
4. Softlink Global Ceo Amit Maheshwari Honoured With Best Entrepreneur Award At Maharashtra Corporate & Education Excellence Awards 2025
Author: Softlink Global
5. Why Businesses Are Switching To Open Source Alternatives To Crystal Reports
Author: Vhelical
6. Why Eastern Europe Is The Smartest Bet For B2b Travel In 2025
Author: seopass
7. Sap Erp Software In Udaipur – The Digital Core Of Scalable Business Success
Author: Akansha
8. Gws Tele Services: Powering India's Digital Future
Author: GWS Tele Services
9. The Future Of Clinic Management Software: What To Expect In 2026
Author: sheetal
10. 11 Hills Park In Dubai By Townx
Author: TownX
11. What Happens If You Don’t Replace A Missing Tooth?
Author: Dr indveer reddy
12. Why You Need A Tracker For Your Car: Benefits, Features & Buying Guide
Author: What Is a Tracker for Car?
13. Create A Marketplace Like Amazon
Author: davidbeckam
14. Autonomous Vehicles Market Insights And trends
Author: Rutuja kadam
15. Key Trends In The Automotive Parts sector
Author: Rutuja kadam