Incorporate a Company


How much does the service cost?
We charge a fee of N80,000 (eighty thousand naira) for incorporation of a company with less than N1,000,000 share capital;
N95,000 (ninety five thousand naira) for incorporation of a company with share capital greater than N1,000,000 and less than N2,000,000;
N120,000 (one hundred and twenty thousand naira) for incorporation of a company with share capital greater than N2,000,000 and less than N5,000,000;
N150,000 (one hundred and fifty thousand naira) for incorporation of a company with share capital of N5,000,000.

For share capital greater than N5,000,000 please contact us

The above rates apply to both private limited companies and public limited companies.

Payment is due in full before commencement of the service.

What does the service cover?
The service covers the entire process. This includes drafting all the relevant documentation, official filing fees, and courier fees upon completion (within Lagos).

What is the registration process?
Once payment is made, we will do a name search with the Corporate Affairs Commission (CAC). Once the name is approved we will draft all the necessary documents for your review and signature. Once we receive the signed documents from your end and scans of the means of identification for all shareholders, we will file the documents with the CAC.

How long does the process take?
  • Name Search – 24 hours from submission
  • Grant of Certificate of Incorporation: 1-2 weeks from filing
Total time – Approximately 2 weeks

What information do we need in order to commence?
  • Proposed Name of the Company (option 1)
  • Proposed Name of the Company (option 2)
  • Business Address of Company
  • Proposed Share capital of the company
    Name of all shareholders
  • Nature of Business
  • Email address of all shareholders
  • Mobile phone number of all shareholders
  • Residential address of all shareholders
  • Occupation of all shareholders
  • Percentage ownership split of all shareholders
  • Scan of identification document of all shareholders (Driver’s license, National ID etc.)

Please note the following:

  • A minimum of 2 directors are required for incorporation of a private limited company.
  • A minumum 7 directors are required for incorporation of a public limited company.


How can I make payment?
By bank transfer

Can I obtain a refund?
We strive to ensure that we provide the best level of service to you. However, if for any justifiable reason you are unhappy with the quality of our service, we will provide a refund of the fee. Please email info@babelconsult.com with details of the reason for the refund request and we will respond within 3 working days. Please note that refunds are only applicable where the registration was never satisfactorily completed, or where there was an extreme delay in completion, which delay was occasioned by default on our part. We are not liable for delays on the part of the CAC.

Is the process the same for a Joint Venture company (one with foreign shareholders)?
The process and fee are different for registering a company with foreign shareholders. You may contact us on info@babelconsult.com to request details for registration.

NEXT STEPS


  • To commence the process, please fill the appropriate online form HERE and submit, then pay into our bank account (2033922551 Babel Consult, First Bank). 
  • We will revert to you with acknowledgement of your payment and immediately commence the service. You can also contact us after making the payment. Click here to see our contact details.

Comments

  1. Thanks for sharing your price for incorporating a company. To know more about registration process visit: Company registration online in chennai

    ReplyDelete

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