A shelf company in Nigeria is also referred to as a shelf corporation or ready-made company. A shelf company is a legally registered company that is yet to commence operation or carry any activity. They are also described as companies that can be bought off the shelf as ready to use entities. The process of incorporating an entity, tax registration and obtaining a bank account in Nigeria can be quite lengthy in terms of time thus a Shelf company in Nigeria is a turnkey solution to beat the bureaucracy.
A shelf company can be purchased by people who want to set up a business quickly without having to go through all the paperwork of registering a new one from scratch. Sidebrief establishes shelf companies in Nigeria. We go through the process of fresh registration i.e. getting all paper works done, paying official registration fees and ensuring all preliminary compliance requirements for such company to be able to commence operation whenever.
Sidebrief registers a limited liability company, registers the company with the Federal Inland Revenue Service for relevant tax purposes, we also obtain Tax Clearance Certificate and open current bank account with two Nigerian Banks. Bank Accounts are funded with Minimum opening balance. These accounts are denominated in Nigerian Naira and the United States Dollars.
WHY YOU SHOULD GET A SHELF COMPANY IN NIGERIA?
The following are some of the reasons or advantages of getting a shelf company:
Getting a shelf company saves investors and business owners the time and process of starting a new registration from scratch. It is relieving to just make payment for an existing company and kick start business immediately especially when there is a need for a new business for an urgent transaction.
For the purpose of getting government contracts or even private biddings, it is usually preferable to have an existing company i.e. one that has been registered for a while. This gives a sort of assurance that the company was not just for the purpose of bidding for the contract.
It ensures immediate commencement of business for persons who are in a hurry to get started with their operation, especially when they are willing to spend more for a lesser time frame.
Businesses that intend to expand in other jurisdictions will also find this less stressful. Rather than going through the rigorous registration process for every country they wish to expand, getting paper works, sending confidential information etc., they only need to pay and get an existing company to start operation.
Sidebrief currently offers the sale of shelf companies in Nigeria. We save you the stress of registering a new company from scratch.
Our shelf company have complied with registration requirements in the stages below:
Registration with the Corporate Affairs Commission (CAC);
Filing and obtaining a Tax Identification Number from the Federal inland Revenue Service (FIRS);
Obtaining a Value Added Tax registration with the Federal Inland Revenue Service (FIRS);
Processing Tax Clearance Certificate for the company;
Operation of two current accounts with recognized Nigerian banks; and
Obtaining relevant licenses depending on the business sector.
Upon Sale, Sidebrief increase the share capital of the company to accommodate foreign shareholders minimum share capital requirements (If Any), change the directors, shareholders or secretary, addition of object clause, name change and a couple of other changes. Nominee shareholder and Director Services are also available at an extra cost.
AVAILABLE SHELF COMPANIES IN NIGERIA
Sidebrief currently has shelf companies with following objectives in stock for investors and business owners
Money lending; and
We also have general trading companies with vague business objects which can be modified per client need.
The average cost for purchasing a shelf company from Sidebrief is $3000 which covers the above services. Companies that require licensing are offered at additional price
We can transfer ownership and control of Shelf company in Nigeria within 2 Business Days. Relevant changes are will also be applied however approvals are subject to relevant regulatory agency timeline. Upon reaching out to us at Sidebrief, we are able to process the shelf company and have it ready in two weeks.
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