Readers ask: How To Register A Company Name In Nigeria?

How much does it cost to register a business name in Nigeria?

The CAC official filing fee for the registration of business name in Nigeria is N10,000 (Ten Thousand Naira Only). However, where an accredited agent is engaged by the applicant for such registration, the agent will also charge a professional fee for the services to be rendered.

How long does it take to register a business name in Nigeria?

The entire process for registering a business name normally takes 1-2 weeks, depending on the workload of the CAC and other factors. You do not need a lawyer to register a business name, however, if you want to register a company, you need the services of a lawyer or other accredited agent.

What are the requirements for CAC registration?

Registration Form CAC 1.1. Identification of Directors and Shareholders. Payment Receipt of CAC. Stamp Duty Certificate (This is to be printed, once the stamp duty fee is paid).

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Can I register my business with CAC online?

Individuals and businesses can now complete the entire process of registering their companies online using the new e- registration portal launched by the Corporate Affairs Commission ( CAC ).

How much does it cost to register a business name in Nigeria 2021?

How Much Is Business Name Registration In Nigeria? The cost of registering your business name is #10,000. There will be an additional fee of #500 for business name reservation.

Can 2 businesses have the same name?

When You Cannot use a Similar or Exact Name If there is any potential for consumer confusion, you will not be able to use the same name as another company. Using the same name as another business will typically not be acceptable when: The other business registered for trademarks before you did.

How do I register my small business in Nigeria?

The first step is to visit any branch of Corporate Affairs Commission and enquire on how to register business. Staffs of the organization or other people that came for registration will direct you on where to procure forms. (Note that there are various forms to be completed before you can register business in Nigeria ).

What is the difference between registering a business name and a company?

A Business name is a registration of a trade name for purposes of business whereas a Company of the incorporation of a separate legal entity to conduct business.

What’s the difference between registering a company and business name?

Companies must be registered with ASIC, and company officeholders have legal obligations under the Corporations Act. Registering a business name does not provide exclusive ownership of that name. It also doesn’t prevent other people from being able to register and use similar names.

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Do all companies need to be registered?

All limited companies must register with Companies House, who will make the company information publicly available on their website. This means companies must provide the details of who their shareholders and directors are, as well as file a copy of their annual financial accounts.

Is CAC doing free registration?

The Federal Government has approved all self-employed and business owners to carry out their Corporate Affairs Commission ( CAC ) registration online free of charge.

How much is CAC business name registration?

In the past, business name reservation at the CAC took days before it came back with a result. Today, it only takes the same day if you submit your request before 5 pm and it costs just NGN500. Once you wrap up with the name reservation, you can then proceed to the registration of your business name proper.

How do I register for CAC online?

  1. Navigate to services. cac.gov.ng.
  2. Create your Account.
  3. Login to your Account.
  4. Conduct Availability Search.
  5. Register your Business Online.
  6. Download Stamp Document.

How long does it take to register a company with CAC?

The Corporate Affairs Commission ( CAC ) has announced the commitment of the commission to register companies within 48 hours, approve names same day and ensure 5-day completion for other post-incorporation services not available electronically.

How do you hold a business name?

A business name reservation consists of a filing with the Secretary of State’s office to reserve a business name until you are ready to incorporate your business or form a Limited Liability Company. Generally, a name reservation will be effective and the name that you place on reserve will be on hold for 30-90 days.

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