7 Reasons to Incorporate Your Business in Nigeria Today.

It Is Affordable.

Company Incorporation in Nigeria is very affordable. With as little as N12,000, you can get your Business Name incorporated (if you are doing it yourself). Agents such as Komp X Filings will charge a little extra for commission.

It Shows Seriousness.

Taking the step to incorporate your business shows that you have decided to take it more than a hobby.

It Gives Anonymity.

For those who value privacy, incorporating your company means you can carry out your business with some level of anonymity. This is particularly useful when your invoice and other bank transactions don’t carry your real name, but that of your company.

Boost Loans and Grants Probability.

If you are trying to raise money, then presenting a fully registered company is better than just presenting yourself.

Look Professional.

If you are submitting proposals, then it looks more professional when the brochure or letterhead carries a Corporate Affairs Commission registered name and number. It gives the impression that you are not just a hobbyist but a professional.

Bid For Contracts

Some companies and government agencies will not even deal with you if your company is not duly registered. Incorporation helps you get into the business of bidding for lucrative contracts.

Shows Experience.

Incorporation puts a timeline on your business. You can easily tell that a company has been in business since the date of incorporation. For example, First Bank Nigeria PLC has been in business since 1894. Companies that are old, get more respect and inspire confidence.