Within few minutes, you would learn how to handle your business name registration yourself. The registration of your business with the corporate affairs commission cac is one of the requirements of doing business with a name other than your personal name in nigeria. Building local capacities in the nigerian oil and gas industry search for. Register a business name in nigeria guide legalforms.
Consider registering your business name today with the nigerian corporate affairs commission corporate affairs commission was established by the companies and allied matters act, which was promulgated in 1990 to regulate the formation and management of companies in nigeria. Step by step guide to register a business in nigeria. The body charged with responsibility to accept applications to register companies and to maintain a register of companies in nigeria is the corporate affairs commission the applicable law under which it carries. Electing to register a company rather than register a business name, projects a much more professional image. However, the corporate affairs commission cac is constantly working on improving the services every day. Company registration in nigeria may be carried out as per the following steps. Preincorporation register a company with your name availability code. The system will display all the list of companies registered.
How to register your business in nigeria wealth result. To register incorporate a company, you need to first know what a company is. Incorporate a private limited company register it with cac corporate affairs commission in abuja. All you need to know do you want to register your company and you dont know how to go about it or probably, you had been told that company registration in nigeria is difficult right. Businesses can be registered online via the cac company registration portal. Whilst there are other forms of business organisations in nigeria, this article is specifically concerned with steps in registering a limited liability company.
This blog post will walk you through the stepbystep process on how to register a company in nigeria with the cac. As you can see there, you need a separate license to offer money loans. The cac was established by the companies and allied matters act, which was promulgated in 1990 to regulate the formation and management of companies in nigeria. The process of registering your company may take 3 to 6 weeks based on the schedule of the cac.
How to check if a company is registered in nigeria with. Nigerian company registration process for private limited companies. Download the document and upload it to document upload interface. The incorporation of a company in nigeria is also known as registration. It is the requirement of the law that you should register your business if you wants to do legitimate business in nigeria. The first step to registering a company is to choose three unique names for your company. When registering a business in nigeria it is very important to consider the appropriate business structure for your business. Corporate affairs commission cac is an autonomous body charged with the responsibility to regulate the formation and management of companies in nigeria. A stepbystep guide on how to register a business name in nigeria with the cac. The purpose of this article is to guide business owners and intending entrepreneurs in nigeria who wish to get their business names registered with the corporate affairs commission without spending more than required in terms of money, time and effort to be guided with these tips. The only exception to this in most provinces is if you operate your new business under your own legal name with no additions. Businesses can be structured in the form of a group, holding or consortium to achieve the aforementioned goals. This is the first step you must take before registering your company. If you have a business, an enterprise in nigeria and you are searching online on how to register your business name, then this post is for you.
How to register your business name in nigeria how to register your business name. In this post i will show you how to register a company in nigeria starting from business name search, documents needed and fees. Here is a step by step process on how to register a company in nigeria. For persons or organizations who are accredited and certified by cac, register your accredited number and portal. The first step required from every person or entity doing business in nigeria is registering a company in nigeria. A company is a type of corporate structure whereby the legal status of the business is separated from the proprietorpromoter of the business. Organisations in nigeria are classified into business and non business. It gets even worse when you do not have a lawyer in nigeria. How to register a business name in nigeria nigerian. It is imperative to note here that a single company cannot be structured. Pricing and features of registering a nigerian company. To check if a company or business is registered, follow this simple steps. Registration of all companies is handled by the corporate affairs commission cac established by the companies and allied matters act 1990 cama just like nafdac is responsible for drugs and efcc is responsible for financial crimes, the cac is responsible.
This is the most common form of business set up by investors and it requires a minimum share capital of ngn 10, 000. How to register a business name in nigeria 5 frequently. Portal, kindly visit or download its user guide at. He joined the board from shell petroleum development company of nigeria spdc on leave of absence, having garnered 22 years work experience with spdc.
How to register a money lending business in nigeria. The least share capital of your business should be from n10,000 upwards and not less. Company registration in nigeria business registration. How to register a nongovernmental organization ngo in nigeria minimum share capital of your business. This blog post will walk you through how to register a business name in nigeria with the cac. The corporate affairs commission, cac is the government body empowered with the responsibility of registering new business names and companies in nigeria. Company registration nigeria quick and simple online. After you have completed the required forms, you need a corporate lawyer to confirm a company registration in nigeria by filing the correct papers with the courts. A lot of people battle with questions regarding business name registration. Find out the step by step process for registration of company. What does it cost to register a business name in nigeria. Pre registration requirements registering a company in nigeria might not be straight forward as in other countries. How to register your business in nigeria new method. Registering your business name s in nigeria with cooperate affair commission c.
Ctc of memorandum and article of association 2 copies 3. Register your business online in nigeria with 3 steps. Its a much simpler process when compared the nigerian company registration process for private limited companies if youre unsure of the differences between a business name and a private limited company, weve written a blog post explaining the difference. Welcome to the official company registration portal crp of the corporate affairs commission, federal republic of nigeria. Introduction there are certain business structures that could be created to foster easier operations and management, or to accomplish some other agreed specific purpose. Stage 1 apply to the magistrate court with the following documents. If you want to register a money lending business, then you have to study the money lending law in nigeria. While our cmanage business management solution allows our users to accept card payments, issue invoices and quotation, manage. This tutorial will show you everything you need to know about registering a company in nigeria. It only required one to register business name once.
Registering your company in nigeria should be the first step take if you want to start a business in nigeria. How to register a business name in nigeria, r egistration form and all you needed to know. Registering your business names in nigeria with cooperate. According to nigeria corporate affairs commission cac, the process of registering businesses in the country has been simplified. Then a name search will be conducted by the cac and if one of your chosen names is found suitable and unregistered, it will be assigned to you. Vendor registration form nigerian content development. Cac registration form 2019 business name registration. Application for private guard license addressed to the commandant general.
Nowadays, the business registration process can easily be carried out online via cac company online registration portal with the assistance of an accredited lawyer to attest to the requisite incorporation documents. This topic has been an ambiguous issue for many who want to do company registration with corporate affairs commission. Company registration in nigeria business setup worldwide. There are four 4 types of companies recognised for business in nigeria. At nigeriaformations our dedicated and experienced consultants make doing business in nigeria easy by providing tailored innovative business support and information services designed to help start, grow and ensure the success of your business in nigeria with our local knowledge of nigeria we will assist you to navigate the nigerian business environment by providing you with advice on legal. The days of paying a lawyer or accountant huge sum of money to register a business name for you are over. How much does it cost to register a limited company in. How to confirm a company registration in nigeria bizfluent. A sole proprietorship is a business that is owned and controlled by a single individual. Lagos the commercial capital of nigeria depending on the magnitude of your business, you can register it all by yourselves without the need of a lawyer. Foreign companies intending to carry on business in nigeria. How to register a limited liability company in nigeria.
The following are some of the types of business structures in nigeria. Ithe corporate affairs commission cac is the government agency in charge of registering companies and businesses in nigeria. Copyright 2019 2020 cac all rights reserved powered by cac. The formation of group company, holding company and. How do i go about registering a company in nigeria sidebrief.
Company registration is one of the hardest things to do in nigeria because theres not a lot of information online. Everything about registering a company in nigeria registering a company is not a hard job as many will believe if you have the knowhow. Registering a company in nigeria has been made easy by the corporate affairs commission. The registration processes for the cac registration form 2019 is very easy and straight forward. Az of registering a business name in nigeria pwaysms. On registering your business name with the cac, no other company or individual can register or use the same name to transact business in nigeria. The process of receiving such a permit involves three stages, each with a number of steps. This is because of lesser documentation that is needed during registration, and. It signals that you are focused on the business and also committed to abiding by professional corporate governance structures, which the regulatory body in nigeria corporate affairs commission has created. If you have a business that you intend to register with the nigerian corporate affairs commission, you will find here all you need to know about how you can register a business in n igeria. How to check if a company is registered in nigeria can be done through the cacs public search website before making any reservation. Process of registering a company in nigeria company registration in nigeria may be carried out as per the following steps. All business enterprises must be registered with the registrargeneral of the corporate affairs commission registrar of companies. Registering and doing business or charity in nigeria can be a tedious process involving lots of processes.
A foreign investor wishing to set up business operation in nigeria should take all steps necessary to obtain local incorporation of the nigerian branch or subsidiary. Cost of registering a business in nigeria business nairaland. Decide upon a name for the company, and check for its availability with the corporate affairs commission cac. Our online registration system makes it easy to register your company without stress. Photocopies of certificates of incorporation 2copies 4. Find out the step by step process for business name registration. How to register a company in nigeria do you have a business or want to establish one.
Below are the requirements which must be fulfilled before a private guard company can be registered and licensed. They also regulate the activities of the companies and businesses by their constitution. After making your payments, you are to download the filled form cac 1. Company registration online with cac through its online platform involves several steps that must be adhered to strictly in getting the desired results. Download completed online form and memorandum and articles of. Registered businesses sole proprietorship form or partnership form7 2. Cost of registering a business in nigeria business nigeria. After picking up the form for registration of business names in nigeria, sometimes you are mostly required to upload the documents gotten and this could be done at docupload cac gov ng. I have downloaded my document, after signing at high court, am i to. Getting started nigerian investment promotion commission. How to register a business name in nigeria, registration.
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