6 STEPS TO REGISTER YOUR BUSINESS WITH C.A.C ALL BY YOURSELF AND THE AMOUNT TO BE PAID
By Nigerian Law, Every Business, either BIG or Small business.
Even if you are selling just Recharge Card. Or Garri.
The Law mandates, that your Business must be registered with the Corporate Affairs Commission Guided by the relevant provisions of the Companies and Allied Matters Act, Chapter 59, Laws of the Federation of Nigeria 1990.
Step 1: Choose a Business Name and Check for Availability
The first step is to choose a name that is unique and relevant to your business. To check availability, visit the Corporate Affairs Commission (CAC) official website www .search. cac. gov. ng/home. If it’s available, you can move on to the next step.
Step 2: Apply for a Name Reservation
To apply for a name reservation, you need to create an account for yourself or Login to your user account via www .pre. cac. gov. ng/ to access your dashboard and check the availability of your chosen name.
Step 3: Complete Your Pre-Registration Form
Depending on your chosen business structure, you will need to prepare the necessary registration documents, such as your National Identity Number (NIN) and other details. The Statutory form for registration requires certain particulars to be provided, accompanied by several documents, including
*Thee approved name
* General nature of the business
” Full address of the principal place of business,
* Proposed date of commencement
* Passport-size photographs of the owners, and proficiency certificate (if required).
Step 4: Pay for Filing Fees
The CAC official filing fee for the registration of a business name in Nigeria is ₦10,500, plus an additional ₦1,500 for bank charges, making it a total of ₦12,000. Once payment is made, print out the documentation, attach relevant passport photographs and sign.
Step 5: Prepare Your Documents for Upload.
Upload all necessary documents, including the ID card, passport photograph, and proprietor’s signature. You will need to prepare a signed copy of the pre-registration documents and upload a scanned copy to the website for processing.
The CAC will review the documentation, and if all is in order, you will get a notification that the application has been approved.
Step 6: The Certificate of Registration Submit the original signed copies of documents uploaded to the CAC office in exchange for your certificate and the Certified True Copies of the documents.
