What is a Nigerian Certificate of Incorporation? A Certificate of Incorporation is the birth certificate of a company. It shows that a company exists
What is a Nigerian Certificate of Incorporation?
A Certificate of Incorporation is the birth certificate of a company. It shows that a company exists and is legally recognized.
The certificate of incorporation is a documentation issued by corporate regulatory agencies of countries as proof of the existence of a company and its right to transact business in Nigeria.
Doing business in Nigeria is a great experience and very profitable but it is not without its challenges. However, the experience and profit more than makes up for the challenges faced if you do business here.
Forget about reports and statistical data emphasizing on the challenges with the ease of doing business in Nigeria. The other part the fully completes the picture is that some of the biggest multinationals are firmly established here.
Some have even threatened to moved their headquarters from their home country to Nigeria because of the Returns on Investment (ROI) that is very high here in Nigeria.
Who Issues a Nigerian Certificate of Incorporation?
The Corporate Affairs Commission (CAC) issues the certificate of incorporation in Nigeria.
The commission performs this function in Nigeria. The certificate is only valid after it has been signed by the Registrar of Companies.
Who Receives a Nigerian Certificate of Incorporation?
If you want to receive the Nigerian certificate of incorporation, you will have to set up one of these classes of companies:
• Private company limited by shares
• Private company unlimited by shares
• Publicly listed company limited by shares
• Publicly listed company unlimited by shares
• Trustees that are incorporated
Once you have met the requirement for setting them up, you will be issued a certificate of incorporation by the Corporate Affairs Commission (CAC)
When is a Nigerian Certificate of Incorporation given?
You register you company and the certificate of incorporation is given as proof of registration.
Upon Change of Company Name
When a company changes its name officially with the CAC, a certificate of incorporation is issued with the new name.
Certain types of corporate restructuring or company re-registration lead to being issued with a new certificate of incorporation.
Re-registration means changing the type of company, say from a private to a publicly listed company or vice-versa or from an unlimited liability company to a limited liability company or vice-versa.
Does a Nigerian Certificate of Incorporation Expire?
A certificate of incorporation is valid as long as the company is legally trading. If the company winds up as stated in the Companies and Allied Matters Act (CAMA), it becomes invalid.