How can I start a security company in Nigeria?

Requirements for a Security Company Registration

1. Minimum of two shareholders (adults)
2. Minimum of two directors (adults)
3. Minimum of Ten Million Share Capital.
4. Must be a Limited Liability Company (Ltd) or Plc (not business name)
5. Obtain private Security License from Nigeria Security and Civil Defence Corps (NSCDC)

How much does it cost to register a security company in Nigeria?

The total of incorporation cost of a private security company in Nigeria is about N490,312 (Four Hundred and Ninety Thousand, Three Hundred and Twelve Naira). The foregoing sum entails the CAC Registration Cost and Stamp Duty chargeable by Federal Inland Revenue Service (“FIRS”).

How do I start a security guard business?

Our step-by-step guide on how to start a security company includes the following:

1. Decide on The Type of Security You’ll Provide.
2. Consider Your Business Model.
3. Write a Business Plan.
4. Know the Legal Requirements.
5. Secure Funding.
6. Manage Your Finances.
7. Create a Marketing Strategy.
8. Develop a Sales Strategy.

How much does it cost to own a security company?

According to SecurityOfficerHQ, starting a security company costs about $7,500 in upfront investment for insurance, shared office space for six months, licensing and legal registrations, equipment, marketing and website development, and contingency fund. BPlans estimates startup costs at closer to $77,000.

How to start a security company in Nigeria?

This class of private security personnel are usually unarmed. The private security industry is quite heavily regulated in Nigeria. In order not to run afoul of the laws of the country, it is important that you do the required registration to make your outfit to be legal.

How to set up a foreign business in Nigeria?

For a foreign company to set up in Nigeria, there are basically 5 mandatory steps: Incorporation of a Limited Liability company with a share capital of N10m (Ten Million Naira) at the Nigerian Corporate Affairs Commission (CAC). All companies intending to operate in Nigeria must be registered with the CAC.

How to register a limited liability company in Nigeria?

Incorporation of a Limited Liability company with a share capital of N10m (Ten Million Naira) at the Nigerian Corporate Affairs Commission (CAC). All companies intending to operate in Nigeria must be registered with the CAC. The minimum share capital which a company must have is N10,000.

Do you want to start your own security company?

A security company is a good option for a mid-career change, and some people involved with law enforcement decide to start their own security company since they have the necessary skills and experience to succeed.