CAC Registration Portal Login 2023 | services.cac.gov.ng | How to Register Your Business Name The Corporate Affairs Commission Business Registration Portal is now open for the registration of business names read below to see all the requirements and guidelines.
Do you want to register a business in Nigeria? The CAC portal, on the other hand, has you covered. The procedure is simple and uncomplicated. To begin, go to the official CAC website and log in. For further information, Now, I’m going to teach you how to register your business name in Nigeria without using an agent or going to the commission’s office.
In seven easy stages, this article will lead you through the CAC company name registration procedure and help you turn your firm into a legal organization.
You may register your business online for free, except for the formal costs, using the CAC online registration site.
On the commission’s official website, it was stated:
How to Register a Business Name in Nigeria 2022
Now let us take a look at how to register a business name with the Nigerian Competition Authority (CAC).
1. Choose a Business Name and Check For Availability
Creating a business name might be difficult at times. A brand name must be associated with your company’s name. It is critical that you choose a name that is appropriate for your company.
You should perform a fast online search on the names you want to use and have up to three backup plans. This is to check that, to the best of your knowledge, you have picked names that are not in use. You may also utilize a platform like Namelix, a computerized tool that can assist you in picking a name that is appropriate for your business.
2. Create an account through the e-Registration portal
Before you can register your business, you must first create an account with CAC. Create an account and then come back here to log in. To begin the process of registering your firm, go to the CAC official website and log in to the e-registration portal.
3. Complete Your Pre-registration Form to Register Your Business Name
It used to take days for the CAC to respond to a company name reservation request. Today, if you submit your request before 5 p.m., it is processed the same day and costs NGN500. By clicking Here you can reserve your favorite business name. Fill in the necessary information, such as your company type (private company limited by shares, public company, etc.), desired company name, and aims.
After you’ve finished with the name reservation, you may go on to the actual registration of your business name. You must fill out a pre-registration form using the online registration site (CAC-BNo1).
4. Pay For a Filing Fee
You will receive a payment receipt once you have paid the filing fee. Please keep in mind that you can make payments either through the online portal or directly to the bank. The cost of registering a business name is determined by the sort of company you wish to establish.
5. Prepare Your Documents For Upload
Preparing a signed copy of the pre-registration papers and uploading a scanned copy to the website for processing is required. The prerequisites for registering a company name are as follows.
- Application form
- Filing fee receipt
- Means of Identification for the proprietors of the business.
6. Register your company
To continue the company registration procedure, enter your company name availability code in the box given.
Once the code has been validated, go to the Registration Form CAC 1.1 and fill out the necessary information. Details you must input for your company’s particulars include the kind of primary business in which your firm will be involved, the company’s email address, and the registered office address.
7. Submit the Original Copies of Your Documents
The original signed copies of the documents uploaded in Step 4 must be sent to the CAC office. In return for your diploma and Certified True Copies of the documents, you will accomplish this.
After completing the form, pay the CAC registration charge (which varies depending on the kind of company) plus stamp duty. Then, in PDF format, scan and upload the following documents: approval note printout, registration form CAC 1.1, CAC payment receipt, the identity of directors and shareholders, stamp duty certificate, memorandum and Articles of Association, and company secretary’s Certificate of Incorporation (if applicable).
How Much Does it Cost to Register a Business Name in Nigeria?
The cost of registering a private business with an authorized share capital of N1 million or less is N10,000.
- The cost of registering a private business with a share capital of more than N1 million and up to N500 million is N5,000 for every 1 million shares of the firm.
- Registration of a private business with more than N500 million in authorized share capital costs N7,500 per million shares of the firm.
- Registration as a public corporation for the first million shares or fewer costs N20,000.
- The cost of registering a corporation without share capital is N20,000.
Benefits of CAC Business Name Registration in Nigeria
There are several benefits to registering your business name with the Corporate Affairs Commission (CAC) of Nigeria that you may investigate in order to turn around your firm. Your firm may be denied certain possibilities if it does not register with the CAC.
Moreover, there are a plethora of advantages to registering your business name with CAC.
This includes the following:
- Opening a corporate bank account
- Online payment integration
- Social media account verification
- Protecting your brand name
- Protecting your legal liability
- Preventing police harassment
- Access to government loans
- Customer trust
- Government contracts
- Continuity of business
CAC Registration Portal 2023
The official website for the 2023 CAC company name registration is cac.gov.ng, where all applicants may join up and apply for the current recruiting. For all potential enterprises and international investors, the cac.gov.ng portal is the sole official registration portal.
All potential businesses and international investors are urged to carefully follow all of the procedures on the cac.gov.ng registration page.
So, in this post, we will walk you through the process of registering your business name with the Corporate Affairs Commission in Nigeria (CAC).