How To Register A Business Enterprise In Nigeria

Step 1 choose and reserve a name the first step is to decide on what name to use to register your business the process is done online.

How to register a business enterprise in nigeria. This means you have to take your. You can start your business name registration process online also. To register a business name in nigeria the following are the steps to take. Steps to register a business in nigeria step 1. There is something that feelsillegitimate about an unregistered business.

Pick a business name. You will apply to the corporate affairs commission cac and suggest two alternate names for your business. To register llc in nigeria visit the cac office nearest your state of residence and request for name reservation or name availability check. The c a c permits you to register your business either as a sole proprietorship a private limited company incorporated trustee or unlimited company. Just walk into the place and obtain the cac form 1 for n200.

Well i can t quote a price here because of the ever changing policy of the cac. The agency in charge of business name registration in nigeria is the corporate affairs commission cac. If you want to check for availability of the proposed company name on the cac website now click here. What if i need to set up an online business like a directory sorta like a 411 yellow pages kind of business about nigeria but physically located in a different country does this still apply as i don t mind registering the business to prevent any legal issues in the future. Now you may want to know how much it cost to register a business name in nigeria.

One person can register a business and be the sole proprietor succession since the company will be a legal person entitled to sue and be sued own property and corporate seal it can outlive its members as shares are transferrable though with some measure of restriction for a limited liability company llc. An individual can register a business name online himself or herself at the cac s portal because of its less formality and a lawyer may also be hired to carry out the registration especially where the business involves more than one proprietor and a partnership deed stipulating the agreements between partners or proprietors required to be drafted and duly filed with the cac. Before you register your business or company in nigeria you have to check the cost. Choosing a name for your business is vital and can be quite difficult. To register a business name for a sole proprietorship business all you have to do is walk to the cac offices located across the states and register your desired business name.

This is because it has to be unique catchy and salesy.