LICENSING AND DOCUMENTATION

A complete Step-By-Step process on registering a business name in Nigeria online with the (CAC):

In Nigeria, the CAC which stands for Corporate Affairs Commission is the body in charge of managing public and t business registration.

For any company to operate in Nigeria, it is necessary to register the business, get an official license to operate in any states in Nigeria. This helps provide the authenticity of the business, and also helps avoid any copyright issue in the future. Just like in the music industry, business name registration serves as a trademark to show that the company only have the right to the name or wordings.

Registration of your business name with the Corporate Affairs Commission (CAC) is not compulsory for small businesses, especially for sole proprietors. But you need the certificate if you are running a public company or a small enterprise with a prospective growth prospect.

It is advisable to register your business with CAC as soon as possible to avoid the challenges of having to change the name of your business.

You can register your business online all by yourself on the CAC registration portal. There is no need to pay an agent or third party to assist you with the enrollment. The enrollment process is available at the CAC office in your State.

There are companies that may qualify for a CAC in Nigeria:

* Company Limited by Guarantee (LTD/GTE).

* Public Liability Companies (PLC),

* and Incorporated Trustees need a legal practitioner for the company registration with CAC.

The duration to get your business name registration certificate from the Corporate Affairs Commission (CAC) is one (1) week, or two weeks at most. You can easily call their customer service representative to help with the registration.

This post is an easy step-by-step guide to registering your small business name in Nigeria with CAC online. I have also included relevant information on the requirements and fees for business registration.

Let me know if you have any questions or need further clarification.

REQUIREMENTS FOR BUSINESS NAME REGISTRATION

Here are the requirements to register your business name with the Corporate Affairs Commission (CAC);

* Any Means Of Identification

National Identification Number (NIN)

Driver’s License

International Passport

Permanent Voters’ Card

* Business Name Availability

* Registration Fee

* CAC Application Form

* Passport Photograph

* Business Documents

* Birth Certificate

CAC FEES FOR COMPANY BUSINESS NAME REGISTRATION

Here is the list of CAC fees for companies and business name registration in Nigeria;

Name Reservation Fee

* Limited Liability Partnership (LLP) = ₦500

* Limited Partnership (LP) = ₦500

* Business Name = ₦500

* Incorporated Trustees = ₦5,000

PLEASE NOTE: These prices listed above may change due to many economy factors. These are the current charges at the time of writing this blogpost.

Business Name Registration Fee in Nigeria.

* Private Business Name Registration = ₦10,000

* Incorporation of Company Limited = ₦20,000

* Incorporation of Private/Public Company Limited (Issued share capital of ₦ 1 million or less) = ₦10,000

* Incorporation of Private/Public Company Limited (Issued share capital above ₦ 1 million and up to ₦500million) = ₦5,000 for every ₦ 1 million share capital

* Incorporation of Private/Public Company Limited (Issued share above ₦500million) = ₦7,500 for every ₦ 1 million share capital

PLEASE NOTE: These prices listed above may change due to many economy factors. These are the current charges at the time of writing this blogpost.

HOW TO REGISTER YOUR BUSINESS NAME ON CAC ONLINE POTAL IN NIGERIA

Here are the procedures to register a business name in Nigeria online with the Corporate Affairs Commission (CAC);

A complete Step-By-Step process on registering a business name in Nigeria online with the Corporate Affairs Commission (CAC):

Step 1.Open your internet browser