Company limited by guarantee LtdNigeria
What it takes to form, own and run an other legal form in Nigeria, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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having the liability of its members limited by the memorandum of association to such amount as the members may respectively undertake to contribute to the assets of the company
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If a public company or a company limited by guarantee carries on
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
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 2 · individuals only
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Every company, not being a small, company shall have at
- Shareholders
- Does not apply
- Members
- At least 2
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If a public company or a company limited by guarantee carries on
- A local company secretary
- Not required
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requisite knowledge and experience to discharge the functions of a secretary
- 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
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l. Annual Returns, other post 5,000 5,000 5,000 10,000
- Accounts on the public record
- Small exempt
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the directors shall deliver with the annual return to the Commission a copy of the balance sheet, the profit and loss account and the notes on the statements
- Audit for a small company
- Not required
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to the audit of accounts in respect of a financial year if—
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Ltd are in our records.
What is public
- Directors
- Public
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This is the address that will appear on the public record.
- Shareholders
- Public
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This is the address that will appear on the public record.
- Beneficial owners
- Public
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This is the address that will appear on the public record.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 0–30%
Nigeria Tax Act 2025 s.56: 0% for a small company, 30% for any other company, with a 4% development levy (s.59) on assessable profits other than a small company's. The rate may be cut to 25% by presidential order.
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(a) a small company, at 0% ; and
- CFC rules in Nigeria
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary striking-off under CAMA 2020 s.692: the company passes a special resolution, applies to the Commission, and advertises in three national daily newspapers within 28 days calling for objections; the Commission may strike the name off if satisfied the reasons are sufficient, the company has not commenced business and has no undischarged obligations, and no reasonable objection arrives within 28 days (s.692(1)). A company that has traded is wound up: the registry's post-incorporation filings include the notice of resolution for voluntary winding up, solvency declaration, appointment of liquidator and return of final meeting, and it supervises winding-up. The Commission may also strike off a company that has not operated or complied with the Act for 10 years (s.692(3)-(4)).
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a special resolution has been passed by the company that the name of the company be struck off the register
- Statutory fee
- NGN 50,000
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Voluntary Striking off 50,000 25,000 50,000 100,000
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
- Other legal formDerived our grouping, the same words in every country
- Name in law
- Company limited by guarantee (Ltd)
- ISO 20275 code
- RIYPSecondary GLEIF, Entity Legal Forms code list