How to Register a Business Name in Nigeria- Do you have a business in Nigeria and you would like to boost the credibility of your business? Then you need to read this article for steps and guidelines on how to register a business name in Nigeria.
In the meantime, it is very important as a Nigerian entrepreneur that you register your business. And one of the best places to register your business name in Nigeria is the Corporate Affairs Commission (CAC)
There are so many benefits that you get to enjoy when you do so. Whether your business is small, medium, or large, there are perks you get to access by registering.
This process is very affordable when you register with the Corporate Affairs Commission (CAC). Also, the requirements for this process are straightforward, and you can put them together before registering.
In this blog post, I will be showing you how you can register your business name in Nigeria with the Corporate Affairs Commission (CAC) and also the requirements needed to complete this process.
What Are the Requirements For CAC Registration?
To register your business with the Corporate Affairs Commission (CAC), here are the requirements that you need to meet and the documents that you need to provide:
- The name of the business
- Business announcements and articles of association.
- Name and address of the company’s secretary
- The address of the principal business office
- Statement of authorized share capital
- The objective of your business
- Form CACC 1, preservation and attainability of name
- Recording with the Federal Inland Revenue Service for the purpose of tax.
- Legal affirmation of consent by a legal professional
- Two recent passport photographs of every director and legal means of identification
- The name and address of the association in the company
So, if you are able to provide all of these, you will be able to register and authenticate your business online.
Why Should I register my business name?
One reason why you should register your business is that, after registration, your business becomes a separate legal organization. Furthermore, this process is accompanied by a certificate of incorporation.
What’s more, it also helps business owners create a solid reputation with customers, have business protection, and even enjoy flexibility.
In addition, you will not be subject to sanctions. Registering your business helps protect it from liability as well.
How to Register a Business Name in Nigeria
Now, if you are ready to register your business with the Corporate Affairs Commission (CAC), follow these steps below to find the procedure to follow:
- Connect to the internet.
- Open your web browser.
- Visit the Corporate Affairs Commission’s (CAC) official website at https://pre.cac.gov.ng/home.
- Click on the search bar and find the attainability of your business name for the registration.
- Tap on the Search Now option to find out.
- If it is, conserve it and submit your business name.
- Next, tap on the Sign-Up option to create an account.
- Enter your surname.
- First name.
- And your other name.
- Then, type in your date of birth.
- Pay your business name reservation fee.
- Then, set up your company with your business name availability code.
- Next, click on the pre-incorporation option.
- Once you do, sign in to your account.
- Complete the CAC business registration form.
- Then, make a payment of ₦10,000 for the business registration.
- Provide all the original copies of your business and personal documents.
Lastly, click on the Submit option. Once you do, you have successfully registered your business with the Corporate Affairs Commission (CAC).
Now, no one can steal your name and brand from you. What’s more, you can also get customers to trust you more.
