Limited liability partnership LLPNigeria
What it takes to form, own and run a limited liability partnership in Nigeria, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
A partner is not personally liable, directly or indirectly for an
Quote
A corporate body may be Partner in a limited Liability Partnership.
Quote
designated partners who are individuals and at least one of them shall be
The registry’s and the law’s own pages do not mention it.
Quote
(5) In the case of a limited liability partnership, all the profits of the
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 2 · one must live there · individuals only
Quote
designated partners who are individuals and at least one of them shall be
- Shareholders
- At least 2 · a company may be one
Quote
A corporate body may be Partner in a limited Liability Partnership.
- Members
- At least 2
Quote
Every limited liability partnership shall have at least two
- A local company secretary
- Does not apply
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- NGN 5,000
Quote
g. Annual Returns and other post 5,000 each
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Required
Quote
The accounts of limited liability partnerships shall be audited in accordance with such rules as may be prescribed and the Minister may, by regulation, exempt any class or classes of limited liability partnerships
- Audit
- The accounts of every limited liability partnership are audited under rules to be prescribed; the Minister may exempt classes by regulation (CAMA 2020 s.772(4)). No small-partnership exemption is stated in the Act.
Important dates
When each obligation falls due, as the authority states it.
- Annual return of a limited liability partnership
- 60 days after the end of the accounting period
With Corporate Affairs Commission
CAMA 2020 s.773(1): within 60 days of closure of the financial year, with the prescribed fee.
What is public
Not in our records What the register shows the public is not in our records for the LLP.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
All the profits of a limited liability partnership are deemed distributed and are taxable proportionately in the partners' hands (Nigeria Tax Act 2025 s.10(5)).
Quote
(5) In the case of a limited liability partnership, all the profits of the
- CFC rules in Nigeria
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- The registry's fee schedule lists a voluntary striking-off fee for limited liability partnerships and its service list includes supervision of winding-up of a limited liability partnership; the governing sections were not read.
Quote
i. Voluntary Striking-off 25,000
- Statutory fee
- NGN 25,000
Quote
i. Voluntary Striking-off 25,000
Every business in Nigeria
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Nigeria.
Payment and banking services
1 service names Nigeria on its own list: Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited liability partnership (LLP)
- ISO 20275 code
- MT4XSecondary GLEIF, Entity Legal Forms code list