HOW TO REGISTER BUSINESS OR COMPANY IN NIGERIA (INCORPORATION)
In this blog, you will get all the information you need to register your business or company in Nigeria.
The first thing to do is conduct a name availability search with Corporate Affairs Commission (CAC) to determine if your desired name is available. Try to avoid common name as it may not fly.
Where the desired name is available for registration, you register the desired company name for reservation. The company name reservation in Nigeria with Corporate Affairs Commission will be valid for 60 days from the date of registration.
Proceed to Corporate Affairs Commission office or their online webpage.
Firth step, visit https://services.cac.gov.ng/
Step 1: Ascertain the type of business you or your team want to do first.
The categories for business registration in Nigeria are:
(a) Business Name Registration (one or more persons)
(b) Private Limited Company {LTD} (At least two persons, even if is your wife)
(c) Public Limited Company {PLC} (At least seven persons)
(d) Company Limited by Guarantee (LTD/GTE)
(e) Unlimited Company (ULTD)
(f) Incorporated Trustee (INC) Nonprofit organizations
For more, visit https://services.cac.gov.ng/
Step 2: Sign up to create an account online. For Business Name
For Business Name Registrations
- Search for availability of name
- Submission of duly completed statutory forms with two passport sized photographs of each applicant attached to the form
- You do this submission in CAC office and not online.
– Payment of filing fees. This can be done online or at the Corporate Affairs Commission
– Application form clearly stating:- The name of the business
– Wait for three to seven working days to get your certificate at the CAC office where the application is made.
Note: Individual/Proprietors can register business names without the services of the legal practitioner, chartered Accountant or Chartered Secretary.
For Private Limited Company Application, click HERE