Incorporating a private Security Company in Nigeria requires you to first register the company with the CAC which has to be registered as a private limited liability company.
Steps to Incorporating a Security Company
The steps to follow in incorporating a security company in Nigeria are;
- Carry out a name search for the availability of the intended company name, and next get registered with the Corporate Affairs Commission.
- The next step is for you to acquire a private security license from the Nigeria Security and Civil Defence Corps (NSCDC). The NSCDC has the responsibility of licensing, monitoring, supervising, and regulating all private security companies in Nigeria. The Law that regulates their activities is the Nigerian Security and Civil Defence Corps Act of 2007.
Requirements for Incorporating a Security Company
- The proposed name of the private security company (2 names must be submitted)
- The address of the private security company
- The purpose of the private security company.
- Particulars of the 2 directors and shareholders of the company (this will include copies of their identification card, which could be a National passport/National Identity card/Driver’s license or voter’s card)
- Email address, Phone numbers, and residential address of the 2 directors and shareholders.
Requirements for Acquiring a Private Security Company License from NSCDC
- Submit an application for a private guard license addressed to the Commandant General
- Evidence of company registration with a minimum of N10,000,000 (Ten Million Naira) authorized share capital and a minimum of 3 directors. One of the directors must be a retired military officer.
- Certified True Copies of Memorandum and Article of Association (2 copies)
- Photocopy of certificate of incorporation (2 copies)
- Payment of prescribed fees
- Tax Clearance Certificate
- Statement of account
- Letter from a legal adviser
- Letter from an auditor
- Proposed training program
- Proposed salary structure
- Veterinary certificate (optional)
- Personal History Statement (PHS) forms at One Hundred Thousand Naira (N100,000) only. All directors are mandated to obtain one.
- Credentials of directors (2 copies) to be attached with the PHS form.
- Letter from bankers
- Eight (8) passport photographs for each of the Directors
- Eight (8) full photographs (postcard 5 x7 inches) of each of the Directors with a white background, with five fingers prints and signature signed at the back of the postcard (photograph) in the presence of Nigeria Security and Civil Defence Corps Officers.
- Photocopy of the signature page of the Directors in the international passport or National ID Card or Driver’s License and this should be stapled at the back cover of the file jacket
- PHS form must be adequately filled by the Directors stating “Not Applicable” to portions they do not have answers to and no column should be left unfilled.
- Attestation letters from referees for each director
- A uniform sample with a photograph of a guard in Uniform (2 copies). All uniforms and accouterments must not be similar to any government agency or similar to any other PGCs.
- Application fee of N500,000 (Five Hundred Thousand Naira)
Conclusion
Having successfully incorporated a private security company with the CAC, the company that now has a legal entity to sue and be sued for cannot begin to operate as a security company unless the company has fully acquired a license from the NSCDC. After this, the company can now legally be and operate as a Private Security Company in Nigeria.
You can contact us for a free consultation in order to provide you with more insights on incorporating a company of any type in Nigeria. We provide legal services ranging from company formation, intellectual property, family law, immigration legislation, and a host of others in the Middle East, Africa, Asia, and India.
