🇳🇬 Nigerian Business Starter Pack
Essential Templates for Nigerian Entrepreneurs
CAC Business Registration Checklist
Complete guide for registering your business with the Corporate Affairs Commission
CAC Registration Checklist
Registration Type: Business Name / Limited Company
Date Started: Date
Pre-Registration Requirements
- Check business name availability on CAC portal
- Prepare two name options (primary and alternative)
- Decide on business structure (Business Name/Ltd/PLC)
- Identify business objectives and nature
- Prepare list of proprietors/directors
Required Documents – Business Name
- Completed CAC-BN1 Form
- Valid means of identification (Intl Passport/Driver’s License/NIN)
- Passport photograph
- Signature specimen
- Valid email address
- Phone number for verification
Required Documents – Limited Company
- Memorandum and Articles of Association
- Notice of Registered Address (CAC 2)
- Return of Allotment of Shares (CAC 2A)
- List of First Directors (CAC 7)
- Declaration of Compliance (CAC 4)
- Directors’ identification documents
- Share capital structure
Registration Process
- Visit www.cac.gov.ng
- Create account on Company Registration Portal (CRP)
- Check name availability (₦500 per search)
- Reserve approved name (60 days validity)
- Complete registration forms online
- Upload required documents
- Make payment:
- Business Name: ₦10,000
- Limited Company: ₦40,000+
- Submit application
- Receive certificate (24-48 hours)
Post-Registration Steps
- Download CAC certificate
- Open corporate bank account
- Register for TIN with FIRS
- Register with SMEDAN (if applicable)
- Register with relevant regulatory bodies
- Get business permits/licenses
- Name reservation expires after 60 days
- Annual returns must be filed yearly
- Update CAC with any changes in business details
Nigerian PAYE Tax Calculator
Calculate employee tax deductions according to Nigerian tax laws
PAYE Tax Calculator – Nigeria
Tax Year: 2025
State: Lagos State
Monthly Salary Breakdown
| Basic Salary: | ₦0.00 |
| Housing Allowance: | ₦0.00 |
| Transport Allowance: | ₦0.00 |
| Other Allowances: | ₦0.00 |
| Gross Salary: | ₦0.00 |
Tax Relief Calculations
| Gross Annual Salary: | ₦0.00 |
| Consolidated Relief (CRA): (₦200,000 + 20% of Gross Income) | ₦0.00 |
| Pension Contribution (8%): | ₦0.00 |
| NHF Contribution (2.5%): | ₦0.00 |
| NHIS Contribution: | ₦0.00 |
| Taxable Income: | ₦0.00 |
PAYE Tax Bands (2025)
| Income Band | Tax Rate | Tax Amount |
|---|---|---|
| First ₦300,000 | 7% | ₦0.00 |
| Next ₦300,000 | 11% | ₦0.00 |
| Next ₦500,000 | 15% | ₦0.00 |
| Next ₦500,000 | 19% | ₦0.00 |
| Next ₦1,600,000 | 21% | ₦0.00 |
| Above ₦3,200,000 | 24% | ₦0.00 |
| Total Annual PAYE: | ₦0.00 | |
| Monthly PAYE Deduction: | ₦0.00 | |
Net Pay Summary
| Monthly Gross Salary: | ₦0.00 |
| PAYE Tax: | -₦0.00 |
| Pension (8%): | -₦0.00 |
| NHF (2.5%): | -₦0.00 |
| Net Pay: | ₦0.00 |
Professional Naira Invoice
Nigerian-compliant invoice with VAT calculations.
INVOICE
Your Business Name
RC Number: 1234567
123 Business Street
Victoria Island, Lagos
[email protected]
08012345678
Invoice Date: 10/01/2025
Due Date: 24/01/2025
TIN: 12345678-0001
| Description | Qty | Unit Price (₦) | Amount (₦) |
|---|---|---|---|
| Service/Product Description | 1 | 0.00 | 0.00 |
| Additional Item | 1 | 0.00 | 0.00 |
| Subtotal: | ₦0.00 |
| VAT (7.5%): | ₦0.00 |
| WHT (5%): | ₦0.00 |
| TOTAL DUE: | ₦0.00 |
Payment Information
Bank Name: First Bank of Nigeria
Account Name: Your Business Name
Account Number: 3012345678
Payment Terms: Net 14 days
Thank you for your business!
This invoice was generated electronically and is valid without signature.
Employment Contract Template
Nigerian labour law compliant employment agreement.
EMPLOYMENT CONTRACT
This Employment Agreement is made this day day of month, year
BETWEEN:
Company Name (RC: 1234567)
A company incorporated under the laws of the Federal Republic of Nigeria
With registered address at: Company Address
(Hereinafter referred to as “THE EMPLOYER”)
AND:
Employee Full Name
Of Employee Address
(Hereinafter referred to as “THE EMPLOYEE”)
1. APPOINTMENT
The Employer hereby appoints the Employee as Job Title and the Employee accepts the appointment on the terms and conditions set out in this Agreement.
2. COMMENCEMENT DATE
This employment shall commence on Start Date and shall continue subject to the termination provisions of this Agreement.
3. PROBATION PERIOD
The Employee shall undergo a probationary period of 6 months, during which either party may terminate this Agreement with 1 week notice.
4. DUTIES AND RESPONSIBILITIES
The Employee shall:
- Primary responsibility 1
- Primary responsibility 2
- Primary responsibility 3
- Perform such other duties as may be assigned by the Employer from time to time
5. REMUNERATION
The Employee shall be paid a monthly gross salary of ₦0.00 subject to applicable taxes and deductions as required by law.
Salary shall be paid on or before the 25th day of each month.
6. BENEFITS
- Housing Allowance: ₦0.00
- Transport Allowance: ₦0.00
- 13th Month Bonus: Yes/No
- Health Insurance: Yes/No
- Pension: As per Pension Reform Act 2014
7. WORKING HOURS
Normal working hours shall be from 9:00 AM to 5:00 PM, Monday to Friday, with 1 hour lunch break.
8. LEAVE ENTITLEMENT
- Annual Leave: 21 working days per annum
- Sick Leave: As per company policy and medical certification
- Maternity Leave: As per Labour Act provisions
- Other leaves as per company policy
9. TERMINATION
After probation, either party may terminate this Agreement by giving 1 month notice in writing or payment in lieu of notice.
10. CONFIDENTIALITY
The Employee shall not disclose any confidential information of the Employer during and after the term of employment.
11. GOVERNING LAW
This Agreement shall be governed by the laws of the Federal Republic of Nigeria.
_______________________________
EMPLOYER
Name: Authorized Signatory
Date: _________________
_______________________________
EMPLOYEE
Name: Employee Name
Date: _________________
Nigerian Business Plan Template
Comprehensive business plan for Nigerian investors and banks.
BUSINESS PLAN
Your Business Name
EXECUTIVE SUMMARY
Business Name: Your Business Name
RC Number: CAC Registration Number
Industry: Industry Type
Location: City, State
Founded: Year
Business Overview:
Brief description of what your business does, your unique value proposition, and why it will succeed in the Nigerian market…
Funding Required: ₦0.00
BUSINESS DESCRIPTION
Mission Statement:
Your mission statement here…
Vision Statement:
Your vision statement here…
Products/Services:
- Product/Service 1
- Product/Service 2
- Product/Service 3
MARKET ANALYSIS
Target Market:
Description of your target customers in Nigeria…
Market Size:
Total addressable market in Nigeria…
Competition:
- Competitor 1 – Strengths/Weaknesses
- Competitor 2 – Strengths/Weaknesses
MARKETING & SALES STRATEGY
Marketing Channels:
- Social Media (Instagram, Twitter, Facebook)
- WhatsApp Marketing
- Local Radio/TV
- Word of Mouth
Pricing Strategy:
Your pricing approach for the Nigerian market…
FINANCIAL PROJECTIONS (3 Years)
| Year | Revenue (₦) | Expenses (₦) | Net Profit (₦) |
|---|---|---|---|
| Year 1 | 0.00 | 0.00 | 0.00 |
| Year 2 | 0.00 | 0.00 | 0.00 |
| Year 3 | 0.00 | 0.00 | 0.00 |
FUNDING REQUIREMENTS
Total Funding Needed: ₦0.00
Use of Funds:
- Equipment: ₦0.00
- Working Capital: ₦0.00
- Marketing: ₦0.00
- Other: ₦0.00
Supplier Database Template
Organize your Nigerian suppliers and vendors
SUPPLIER DATABASE
Last Updated: Date
Supplier Information
| Supplier Name | Products/Services | Contact Person | Phone | Location | Payment Terms |
|---|---|---|---|---|---|
| Supplier 1 | Products | Contact Name | 08012345678 | Lagos | Net 30 |
| Supplier 2 | Services | Contact Name | 08012345678 | Abuja | COD |
| Supplier 3 | Raw Materials | Contact Name | 08012345678 | Port Harcourt | 50% Deposit |
Key Supplier Details
Primary Supplier
Company: Supplier Name
RC Number: RC123456
TIN: 12345678-0001
Bank Details: Bank Name, Account Number
Address: Full Address
Email: [email protected]
Credit Limit: ₦0.00
Notes: Special terms or conditions…
Supplier Evaluation Criteria
- Registered with CAC
- Valid TIN certificate
- Competitive pricing
- Reliable delivery times
- Quality products/services
- Good payment terms
- Located within reasonable distance
- Good customer service
Payment Terms & Conditions
Standard payment terms for Nigerian businesses
PAYMENT TERMS & CONDITIONS
Effective Date: Date
1. PAYMENT METHODS ACCEPTED
- Bank Transfer (Preferred)
- Bank Draft/Certified Cheque
- Online Payment (Paystack/Flutterwave)
- Mobile Money Transfer
- Cash (for amounts under ₦50,000)
2. PAYMENT TERMS
Standard Terms: Net 30 days
New Customers: 50% deposit, balance on delivery
Large Orders (Above ₦1,000,000): 40% deposit, 60% on delivery
3. BANK DETAILS
| Bank Name: | Your Bank |
| Account Name: | Your Business Name |
| Account Number: | 0123456789 |
| Account Type: | Current Account |
4. TAXES AND LEVIES
- All prices are subject to 7.5% VAT as required by Nigerian law
- Withholding Tax (WHT) of 5% applies to corporate clients
- WHT certificates must be provided within 30 days of payment
5. LATE PAYMENT POLICY
- Interest of 2% per month on overdue accounts
- Suspension of services after 60 days
- Legal action for debts over 90 days
6. DISCOUNTS
- Early Payment: 2% discount if paid within 10 days
- Volume Discount: 5% for orders above ₦500,000
- Referral Discount: 3% for successful referrals
7. REFUND POLICY
Refunds are processed within 14 working days for valid claims. Products must be returned in original condition. Service refunds are subject to terms of service agreement.
- Proof of payment must be sent to [email protected]
- Orders are processed only after payment confirmation
- Exchange rate for foreign currency is based on CBN rate on payment date
Tax Compliance Checklist
Ensure your business meets all Nigerian tax obligations.
NIGERIAN TAX COMPLIANCE CHECKLIST
TIN: 12345678-0001
Tax Year: 2025
FEDERAL TAXES – FIRS
- Register for TIN (Tax Identification Number)
- File Annual Company Income Tax (CIT) – 30% of profit
- File Monthly VAT Returns (7.5%)
- Remit Monthly PAYE (Employee taxes)
- Withholding Tax (WHT) remittance
- File Annual Tax Returns (Due: 6 months after year end)
- Education Tax (2% of assessable profit)
STATE TAXES
- Personal Income Tax (for employees)
- Development Levy
- Business Premises Permit
- Signage and Advertisement Permit
- Environmental Impact Assessment (if applicable)
MONTHLY OBLIGATIONS
| Tax Type | Due Date | Status |
|---|---|---|
| VAT Returns | 21st of following month | ☐ Pending |
| PAYE Remittance | 10th of following month | ☐ Pending |
| WHT Remittance | 21st of following month | ☐ Pending |
| Pension Remittance | 7th of following month | ☐ Pending |
ANNUAL FILING CALENDAR
| Document | Due Date | Penalty for Late Filing |
|---|---|---|
| Company Income Tax | 6 months after year end | ₦25,000 + interest |
| Annual Returns (CAC) | 42 days after AGM | ₦5,000 per year |
| Audited Accounts | With tax returns | Required for filing |
TAX PLANNING TIPS
- Keep all receipts and invoices organized
- Maintain proper books of accounts
- Claim all allowable deductions
- File returns on time to avoid penalties
- Engage a tax consultant for complex matters
- Register for e-filing on FIRS portal
- Late VAT filing: ₦50,000 for first month + ₦25,000 per subsequent month
- Late PAYE remittance: 10% penalty + interest
- Non-filing of annual returns: Criminal prosecution possible
Complete Business Registration Guide
Step-by-step guide for all Nigerian business registrations.
BUSINESS REGISTRATION GUIDE
PHASE 1: CAC REGISTRATION
Timeline: 24-48 hours
Cost: ₦10,000 (Business Name) / ₦40,000+ (Limited Company)
- Create account on services.cac.gov.ng
- Search and reserve business name
- Complete registration forms
- Upload required documents
- Make payment online
- Download certificate
PHASE 2: TAX REGISTRATION
Timeline: 2-5 days
Cost: Free
- Visit nearest FIRS office or apply online
- Submit CAC certificate
- Complete TIN application form
- Provide utility bill for address verification
- Receive TIN certificate
- Register for VAT (if applicable)
PHASE 3: BANK ACCOUNT
Required Documents:
- CAC Certificate
- TIN Certificate
- Board Resolution (for Limited Companies)
- ID cards of signatories
- Passport photographs
- Utility bill
- Initial deposit (varies by bank)
PHASE 4: BUSINESS PERMITS
| Permit Type | Issuing Authority | Cost Range |
|---|---|---|
| Business Premises Permit | Local Government | ₦5,000 – ₦50,000 |
| Fire Safety Certificate | Fire Service | ₦10,000 – ₦30,000 |
| Environmental Permit | State EPA | ₦20,000 – ₦100,000 |
| Signage Permit | LASAA (Lagos) | ₦25,000+ |
PHASE 5: INDUSTRY-SPECIFIC LICENSES
- Food Business: NAFDAC registration
- Pharmacy: PCN license
- School: Ministry of Education approval
- Hospital/Clinic: HEFAMAA registration
- Import/Export: NEPC certificate
- Manufacturing: SON certification
PHASE 6: EMPLOYER REGISTRATIONS
- Pension Fund Administrator (PFA) registration
- Nigerian Social Insurance Trust Fund (NSITF)
- Industrial Training Fund (ITF)
- Employee Compensation Act (ECA) registration
- Group Life Insurance
Useful Contacts
CAC: 09062978569, [email protected]
FIRS: 0700-2255-3477
SMEDAN: [email protected]
NAFDAC: 0800-162-3322
Here are key documents that every new business in Nigeria should have. They’re available here 100% free. You can edit, print, and use them as you please.