Learn How to Register a Business Name in Nigeria

Now that you have successfully nurtured that business idea to a maturity stage it’s time to let those ideas fly out and fetch you money. But one other major thing you must do to be a successful business man in Nigeria is that you must have your business or company name register with CAC. I can hear something inside you asking, what is CAC?

CAC stands for Corporate Affairs Commission and is the governmental body Task with registering business names and companies in Nigeria. Registering a business name in Nigeria has a lot of advantage, one of them is, the business name become your property and once you have your business name or company name registered with CAC, no other person can register or use such name to transact business in Nigeria. The price for registering a business varies depending on if you’re registering yourself or through lawyer. However the steps to register a business or company name in Nigeria is simple and straight forward.

Click here to visit Corporate Affairs Commission Homepage

Steps on How to Register a Business Name in Nigeria

1 Choose a Suitable Business Name of your Choice, this steps goes beyond just waking up from bed and picking any name, you’ll have to do more than that before you can decide on the name you want to use for your business as this will go a long way in determine the success of your business at the long run. So you might need to do lot of consultation and see if the name projects your business well to the outer world.

2. Visit CAC: by now you should know what CAC stands for, Now that you have decide on the name you want to use then the next step will be to do a check on the name to determine if the name is available, to do this you will be given a business name search form to fill. Fill in the form appropriately and submit it. Of course you will be required to pay for the form. Don’t forget to always fill all forms in BLOCK or CAPITAL Letters unless you are instructed otherwise

3. After a week Visit Corporate Affairs Commission (CAC) again; Once you checked and your choice name is not available then you will have to repeat step 1- 3, Hence if your business name is available; Proceed to registration, you will be given another form called Registration of Business Name (Form001), fill it correctly and if there is part you don’t understand don’t feel shy to ask people around, after filling the form then proceed to payment of the registration fee which cost N10, 000 only. Once you’ve made the payment of the registration fee, collect affidavit form, fill it and proceed to any magistrate court around you for attestation by the court magistrate. This shouldn’t be more than N1000, after this take the form back to CAC for submission.
Click here to see the CAC forms charges
4. Hurray! Now you can wait for the collection of your business name certificate of registration. For Business Name it takes up to 7 -10 working days for your Certificate to be ready for pick up but As for Limited Company, your certificate will be sent to you once it is ready.
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