Business Name Registration in Nigeria – Are you planning to get your business name legally registered? Do you know that there are lots of benefits in getting your business name registered? Oh, yes, there are.
In this article today, I will guide you, especially those of you that are interested in registering your business name in Nigeria under Part B of the Companies and Allied Matters Act.
However, some people may find it interesting to register their entity, but don’t know the right processes to follow. That’s why www.awajis.com is here to guide you through by showing you the necessary steps to follow.
Steps to Registering Business Name in Nigeria
STEP 1: CHOOSE & RESERVE A UNIQUE NAME
This one of the essential parts of the business name registration process. You have to choose and decide on a unique name for your business.
After you have decided on a name, you will have to visit the CAC official website to apply and provide your suggested business name and CAC will search their database to be sure that the name is not already in use or there is no similar name already in use.
Upon completing the name search, CAC will either approve if there is no other business with the same name or disapprove it, if the name is a duplicated one.
Nonetheless, if the name has been approved, CAC will reserve the name for you for a 60-day period of which you are expected to complete the registration process for your business name.
STEP 2: COMPLETE THE BUSINESS NAME REGISTRATION FORMS
Just like the first step, you will be filling/completing these forms online, and the details you will be required to provide are;
- The approved Name of the Business
- General Nature of the Business
- Address of the Business
- Name, Address, Occupation and other details of the Proprietors of the Business
- Signature of the Directors or Proprietors
After you are done with step 2, quickly move to step 3 without delay.
STEP 3: PAYMENT OF CAC FEES
At this point, you will either choose to pay your CAC registration fees or in a bank.
STEP 4: SUBMISSION OF FORMS
After you are done with your payment and see that it has been approved, you can then required forms on STEP 2 online.
The Corporate Affairs Commission, CAC will review the documentation. If all is in order, you as the registrant will be notified that your application has been approved, and the Business Name Certificate is ready for collection.
How Long Will It Take to Get Everything Done?
The entire process should at least take about one week, depending on the workload of the CAC at the time.
Now that you’ve seen the Steps to Registering a Business Name in Nigeria, What’s your next line of action? Don’t you think that someone else out there might be looking for this information? Yes, others are looking for this.
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