The verdict in three sentences
In Nigeria, the CAC allows a fully online registration in 24-48 hours for fees around 30,000-50,000 NGN. In Senegal, the APIX one-stop shop centralises registration, delivering RC number (RCCM) and NINEA often within 24-72 hours. In both cases the classic mistake is waiting for the "perfect" structure: start with a simple Ltd/SARL, you will adjust capital and articles later.
CAC Nigeria: steps and documents
The CAC portal handles name reservation, incorporation and RC number issuance online. For a Private Limited Company you need directors' IDs, a registered address and share capital details; the TIN is obtained from FIRS.
| Step | Indicative 2026 time | Indicative 2026 cost |
|---|---|---|
| Name reservation | a few hours | low / included |
| Incorporation + RC number | 24 - 48 h | ≈ 30,000 - 50,000 NGN |
| TIN (tax ID, FIRS) | after RC number | included |
| VAT registration (if applicable) | 1 - 5 days | variable |
| Corporate bank account | 2 - 10 days | by bank |
Minimum share capital depends on the company form. Figures to confirm on the CAC portal at the time of filing.
Nigeria vs Senegal: quick comparison
Both registries are now largely digital. Here are 2026 benchmarks to decide, especially if you target a regional market.
| Criterion | CAC Nigeria | APIX Senegal |
|---|---|---|
| Registration time | 24 - 48 h | 24 - 72 h |
| Official fees | ≈ 30,000 - 50,000 NGN | 25,000 - 100,000 FCFA |
| Tax ID | TIN (FIRS) | NINEA |
| Registry | CAC (RC number) | RCCM (OHADA) |
| Process | 100 % online | one-stop shop + online |
| Minimum capital | by company form | symbolic (SARL/SUARL) |
These figures are 2026 orders of magnitude; official schedules change yearly.
Mini case study
Tunde starts a micro web agency in Ibadan. He reserves the name on Monday, files incorporation on Tuesday, and receives the RC number plus TIN by Thursday. Total cost: fees ≈ 45,000 NGN plus modest advisory. Corporate bank account opened the following week. In under 10 days and for roughly 60,000-70,000 NGN, he legally invoices his first clients and can sign recurring maintenance contracts.
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FAQ
Which form should I choose to start alone?
In Nigeria, a Private Limited Company suits most projects and can have a single director. In Senegal, the SUARL (single-member SARL) lets you start without a partner and symbolic capital.
Is the TIN mandatory to invoice?
Yes, the TIN is your tax identifier; it appears on invoices and enables your filings. It is issued after the RC number via FIRS.
Can everything be done online?
Nigeria offers 100 % online CAC registration. In Senegal, APIX combines physical filing and online services depending on the step; guidance speeds things up.
How much starting cash should I plan?
Beyond registration fees, budget the bank account, any legal advice and your first tools. A range of 150,000-300,000 NGN covers a lean launch.
Do I need an accountant from day one?
Not strictly, but a monthly accounting package from the first quarter avoids filing errors and penalties. Expect a modest monthly fee scaled to volume.
Let's talk about your project. We guide you on the formalities and put your professional website live as soon as registration is done. WhatsApp +221 77 596 93 33.
Mohamed Bah
Fondateur, Kolonell
Passionate about digital and entrepreneurship in Africa, Mohamed has been helping Sénégalese businesses with their digital transformation since 2020. Founder of Kolonell, he believes every SME deserves a professional and accessible online présence.
