Are you ready to take the plunge and register your business name in Nigeria? Don’t fret, we’ve got you covered with this step-by-step guide to help you navigate the process with ease.
Step 1: Choose a Business Name and Check for Availability The first step is to choose a name that is unique and relevant to your business. To check availability, visit the Corporate Affairs Commission (CAC) official website https://search.cac.gov.ng/home. If it’s available, you can move on to the next step.
Step 2: Apply for a Name Reservation To apply for a name reservation, you need to create an account for yourself or Log in to your user account via https://pre.cac.gov.ng/ to access your dashboard and check the availability of your chosen name. Apply to have your proposed name reserved by paying a fee of ₦700. You will need to provide two proposed names, but only one will be approved for reservation. It’s important to make the appropriate selection for the options available, such as whether it’s a new incorporation or sole proprietorship. Note that if your application is disapproved, you will have to submit another two name options and pay another reservation fee.
Step 3: Complete Your Pre-Registration Form Depending on your chosen business structure, you will need to prepare the necessary registration documents, such as your National Identity Number (NIN) and other details. The Statutory form for registration requires certain particulars to be provided, accompanied by a number of documents, including the approved name, general nature of the business, full address of the principal place of business, proposed date of commencement, passport-size photographs of the owners, and proficiency certificate (if required).
Step 4: Pay for Filing Fees The CAC official filing fee for the registration of a business name in Nigeria is ₦10,500, plus an additional ₦1,500 for bank charges, making it a total of ₦12,000. Make the required payment via the CAC website portal or directly to the bank. Once payment is made, print out the documentation, attach relevant passport photographs and sign.
Step 5: Prepare Your Documents for Upload Upload all necessary documents, including the ID card, passport photograph, and proprietor’s signature. You will need to prepare a signed copy of the pre-registration documents and upload a scanned copy to the website for processing. The CAC will review the documentation, and if all is in order, you will get a notification that the application has been approved.
Step 6: The Certificate of Registration Submit the original signed copies of documents uploaded to the CAC office in exchange for your certificate and the Certified True Copies of the documents.
Congratulations, you have successfully registered your business name in Nigeria! Remember, registering your small business in Nigeria has several benefits and is a legal requirement. Registering your small business in Nigeria gives you a greater chance of attracting investors as they are more likely to invest in a registered business. It also provides protection for your personal assets because in the event of a lawsuit, only your business assets will be at risk, not your personal assets.
Furthermore, registering your small business in Nigeria allows you to open a corporate bank account, which separates your personal finances from your business finances. This makes it easier to track your business income and expenses, and it also makes your business look more professional.
Finally, registering your small business in Nigeria also helps you to build trust with your customers and suppliers as it demonstrates that your business is committed to operating legally and ethically.
In summary, registering your small business in Nigeria offers several benefits, including legal recognition, access to business opportunities, exclusive use of your business name, tax benefits, protection of personal assets, access to funding, the ability to open a corporate bank account, and increased credibility and reputation.
We are excited to announce our new business registration service, hurry now and visit https://simplebks.com/business_registration/ to get your business registered for as low as N20,0000
Simplebks
I’ll like and love to register my company name and I hope this give some connections to cause that the one of the useful of this and that’ll be so lovely thanks.
Very very interested to register our family business with the CAC
I want to register my business name
Hello Williams,
We are excited to inform you that we have started our Business Registration service and you can visit this page to start: https://simplebks.com/business_registration/
How is tax being paid for the business, and will tax be paid even if the business has not started operation after registration?
Tax payment is with FIRs or your State IRS and not with CAC. Even though you have not started business, you need to still file your tax clearance annually. For proper information on tax, we advise you engage a tax consultant
Thank you very much for this guide. It’s really helpful. However, I have a question.
After paying the N700 for name reservation, how long does it takes for CAC to get back to you? Or is there something I need to do for a follow up and possibly quick response from CAC?
Hello Tayo,
Usually CAC responds withing 24 hours for name reservation. If you dont get that, raise a complaint on the platform and they will revert.
Hope this helps
Hi
Is this indicated prices same for both Sole proprietorship and Partnership?
Yes please. Both are registered as business name
Please what’s happening with the CAC registration site it’s showing me error…
Please check your internet
I don’t really get step 6, I want to register my business name with cac and not a company does that mean I have to take the documents to their physical office before I can be fully registered?
I don’t know why i am been asked to upload certificate of proficiency , when it was said that FG has removed that requirement
This could be based on the type of business you are into. Please contact your lawyer or accountant for assistance and guidance.
Your article says 12k, but you are charging 20k for the registration may I ask why?
12k is the charge from CAC if you do the registration yourself and we have provided a guide on that. The extra charge is if you require the services of our lawyers.
If a business name is being used by another company that is not in nigeria, can someone in nigeria use the name?
We will do a name search in Nigeria, and if available, you can use it
Please, how long does the whole registration process take?
Thanks
It takes 2-4 weeks
Can one register a Non Governmental Organisation’s business name through this same format and price too.
Answer needed urgently.
Thanks
Hello team, No.
We also dont register NGO currently.
Regards
Hello,
Please if I register the business name, is it a one time payment or it is subscription based?
Also, for registering a small business what is the tax aspect like, it’s not really clear.
Thank you.
The registration is one off. Tax payment for business name is PAYEE, similar to earnings from salary. Please contact a tax expert for more information
I want to register my church what are the requirements please and I want a communication center
Hello team, we dont currently do Church registration
How long does it take for your business name registration to be approved
Our registration for business name takes 2-4 weeks for completion
Hello, is it a must to present the documents physically before getting the CAC certificate? Can’t it be accessed and printed online? Secondly, please help me out. I have my business name approved nad made the required N10,000 payment. However, a query was raised and was registration denied. I am registering a partnership business and they said I should register under Limited Liability. But there is no way to edit the type of business at this stage. What can I do that the money already paid might not be a waste.
Please reply via my email too,. Thank you.
Good. But can I also register someone else
On the CAC website, no. Only an approved agent can do that. We are available to help you register your business or friends business. Simply apply here: