As a Nigerian registering your business or company with CAC is almost as important as putting up a door in front of your store to avoid stories that touch with the government. this is a Long term investment every company needs to make to secure the Upside.
As Nigerian or someone living in Nigeria, and you’re thinking of starting a business, well that’s a good idea…Nigeria already has the market due to its huge population size.
The first thing to do is to decide whether to operate as a business name or to incorporate as a company.
The next step is to go and register your business name with the Corporate Affairs Commission (CAC), and obtain a licence to operate legally in the country.
Here are the simple procedures:
- Search and ascertain that the name you want to use have not been used by another, reserve a name… Form CAC 1
The CAC now has an online platform or portal that makes it easy to search and reserve a business name.
Go to: www.cac.gov.ng
Or alternatively, walk into any CAC offices nationwide and get a reservation name form, fill and submit.
Always have many options of names to use so you don’t get disappointed using the search button.
- Purchase (Pay for) and make sure you complete the application for Business Registration form… CAC/BN/1 appropriately.
- Make full payment of all applicable fees.
Generally, the entire process of business registration in CAC takes between 1-2 weeks.
This time frame is subject to when the commission is not having too much work, and you don’t need a lawyer during the process of business registration.