Fees and timelines in 2022

Fees

payment by instalmentNigeria company formation costs for a Nigerian LLC in Year 1 are US$9,690 and annual company costs in Year 2 and thereafter amount to US$0. Average Nigeria company registration engagement fees amounts to US$21,150, including company formation, opening a corporate bank account, and all government fees as detailed in the table below.

Different Nigeria entity types Cost Draft invoice
Tax resident LLC US$21,150 View invoice PDF
PLC US$21,403 View invoice PDF
LLC (oil & gas services) US$44,950 View invoice PDF
Representative office US$20,400 View invoice PDF
Free zone US$25,600 View invoice PDF

Click here to create your own Nigeria invoice

Timelines

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

Service Duration
Engagement planning 2 weeks
Company incorporation 5 weeks
Corporate bank account approval 4 weeks
Corporate internet banking approval 3 weeks
Engagement completion 1 week
Total engagement period 15 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 contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal
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