🇳🇬 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) — nominal minimum for Nigerian-owned; NGN 200 million (~$130,000) for companies with foreign participation depending on sector
2–4 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 — members guarantee a specified amount (typically NGN 100,000+)
3–6 weeks
Non-profit organisations, NGOs, and charitable bodiesProfessional associations and industry bodiesSocial enterprises and foundations
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