I will make this one quick and brief...

When you want to register your company with the CAC, the minimum share capital to start with is one million.

But please know this...

Having one million share capital or more as the case may be doesn't mean that you have to actually go and pay the money into any bank and bring the receipt or teller to anybody or the CAC during registration.

The share capital simply shows...

The " net worth of the company at incorporation, of course, you know that there are lots of businesses, especially service-based businesses that operate with little or no capital.

However, by virtue of the fact that you have decided to do a Ltd company registration...

there is a need to comply with the requirements of the law which includes stating clearly in the memorandum of association what the share capital (Value) of the company would be...

You will also need to state the actual shareholding of each director and the specific object clauses of the company.

So whatever you do, don't let the thought of one Million share capital, etc be the reason why you suddenly decide to do a business name registration over company registration.

They are not the same thing and the implications and advantages differ.

cheers!

-Barinaada.