Asked on 15th July, 2020
6 months ago
6 months ago
Everything about registering an Enterprise is directed to the Corporate Affairs Commission (CAC), established for this purpose by the Companies and Allied Matters Act, and promulgated in 1990.
This means that to start a business and have legal backing, it must be listed under the accredited enterprises by CAC.
You start by getting a name for your enterprise and it must be available for use as permitted by the CAC. This is to ensure that two companies don't bear the same name.
After the name has been accepted, you will then prepare a Memorandum of Association (MOA) and include required documents.
The next step will be to fill all documents provided by CAC. You will not be able to submit the filled documents until you pay your Stamp Duty and filing fee.
Scanned documents of your form CAC1.1, Memorandum and Articles of Association, Recognized form of identification for Director(s)/ Subscriber(s) and Secretary, and Evidence of payment to CAC will have to be uploaded on their website.
About N20,000.00 would be needed for the registration of your Company. most times some accredited agents make this easy but you pay more than N20,000
All other details and instructions are provided on their website, www.cac.gov.ng.