Cost of Registering a Security Company in Nigeria (2026 Updated Fees)

The private security and specialized guard services industry in Nigeria is a highly regulated and high-demand sector. Because it involves specialized security and specialized public safety, the Corporate Affairs Commission (CAC) and the Nigeria Security and Civil Defence Corps (NSCDC) have set strict requirements for its registration. Most importantly, you cannot register a security business as a simple Business Name; it must be a Private Limited Company (Ltd).

But how much does it cost to register a security company with CAC in 2026?

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🏗️ The 10 Million Share Capital Requirement

In 2026, the NSCDC (the regulator for private security firms) requires that any company seeking a Private Guard Company (PGC) License must have a minimum authorized share capital of ₦20,000,000 (10 Million).

• Note: You do not need to "pay" this 10 million to the government. It is the value of shares the company is authorized to issue. However, you must pay the CAC registration fees and specialized FIRS Stamp Duty based on this 10M value.

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💰 Official CAC & Filing Fees (2026)

1. Official CAC Fees (Based on 10M Capital)

• Name Reservation Fee: ₦750
• Registration Fee (for ₦10M Share Capital): ₦55,000 (Approx.)
• FIRS Stamp Duty (on ₦10M): Approx. ₦15,000 - ₦25,000 (calculated at approx. 0.75%).
• Total Official Fee: ₦70,000 - ₦80,000

2. Professional Filing Fees

Security registration is complex. It requires specialized legal drafting of the Memorandum and Articles of Association (MEMART) to satisfy both the CAC and the NSCDC. Most founders use Accredited Agents.

• Professional Agent Fee: ₦80,000 - ₦150,000 (Total package)
• Benefit: The agent ensures your "Nature of Business" includes "Provision of private security guards, specialized electronic surveillance, and security specialized consultancy."

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📊 Summary of Total Registration Costs (2026)

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🏗️ Post-Registration Regulatory Costs (NSCDC License)

Once you receive your CAC certificate, the registration journey is only halfway complete. You must apply for the NSCDC Private Guard Company (PGC) License.

• Application Fee: Approx. ₦50,000.
• Security Clearance: For all directors (Involves the Nigeria Police and DSS).
• License Fees: (Based on Category A, B, or C) – Varies from ₦750,000 to ₦2,000,000+ for the final license issuance.

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📚 Related Industry Guides

Explore more details on the professional service sector:

• How to Register a Private Security and Guard Company with CAC in Nigeria
• How to Register a Logistics and Trucking Company with CAC in Nigeria
• How to Register a Professional Consulting Firm with CAC in Nigeria
• How to File CAC Annual Returns Online

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Frequently Asked Questions (FAQ)

1. Can a foreigner own a security company in Nigeria?

Foreigners can own shares, but the company must be majority-owned by Nigerians, and all directors must pass strict security clearance by the NSCDC and specialized security agencies.

2. Is the TIN free?

Yes! In 2026, your Tax Identification Number (TIN) is generated automatically and printed on your CAC certificate at no extra cost.

3. How long does the process take?

Typically 10 to 20 working days for a security company because of the additional background checks required during the filing process.

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Ready to Secure the Nation?

Legalizing your security brand is the mark of a professional firm ready for the highest level of responsibility. Understanding the cost of registering a security company with CAC allows you to plan your budget and focus on providing top-tier protection for your clients.

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