Doing business in Abuja is a great idea. Abuja is a fast growing city in the heart of Africa. There are great potentials and business opportunities in real estate, hospitality, tourism, construction and support services.
Abuja is largely safe and conducive for business; it hosts the corporate headquarters of the Nigeria National Petroleum Corporation (NNPC), Central Bank of Nigeria, several Banks, multinational corporations, and many small and medium enterprises.
Below are some steps required to formally set up a company/business in Abuja;
- Reserve a unique company name. Agency: Corporate Affairs Commission.
- Prepare the requisite incorporation documents and pay the stamp duty. Agency: Federal Inland Revenue Service.
- Sign the declaration of compliance (Form CAC 4) before a Commissioner for Oaths or a Notary Public. Agency: Notary Public.
- Register the company and pay fees. Agency: Corporate Affairs Commission.
- Make a company seal. Agency: Seal makers.
- Register for income tax and VAT. Agency: Federal Inland Revenue Service.
- Register for personal income tax PAYE at the State Tax Office. Agency: State Tax Office.
- Register business premises and pay the business premises levy. Agency: FCTA.
