Fees and timelines

Fees

Nigeria company formation costs for a Nigerian LLC in Year 1 are US$12,990 and annual company costs in Year 2 and thereafter amount to US$0. Average Nigeria company registration engagement fees amounts to US$19,400, including company formation, opening a corporate bank account, and all government fees as detailed in the table below.

 LLCPLC
Average engagement costsUS$19,400US$21,403
Draft invoicedraft invoice for Nigeria LLCdraft invoice for Nigeria PLC

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Timelines

The average engagement period for establishing a business is 15 weeks as outlined below:

StepServiceDuration
1.Engagement planning2 weeks
2.Company incorporation5 weeks
3.Corporate bank account approval4 weeks
4.Corporate internet banking approval3 weeks
5.Engagement completion1 week
Total engagement period15 weeks

new zealand business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Nigeria, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Paavan Chhabra, directly:
client relationship officer - Paavan
Central bank of Nigeria Nigeria customs service (NCS) Financial services regulation coordinating committee (FSRCC) in Nigeria The lagos chamber of commerce and industry Federal ministry of finance in Nigeria