How To Register A Business Name In Nigeria

Individuals and businesses can now consummate the entire process of registering their companies online using the new e-registration portal launched past the Corporate Affairs Commission (CAC).

The electronic registration platform for companies in Nigeria has been upgraded in line with the implementation of the Companies and Centrolineal Matters Act, CAMA 2020 signed into law by President Muhammadu Buhari in August 2020.

Speaking on the new companies' registration portal (CRP) at a press conference in Abuja, CAC Registrar-General, Garba Abubakar disclosed that the Minister of Manufacture, Trade and Investment, Otunba Adeniyi Adebayo approved the Companies Regulation 2021 in December, with the constabulary effective from January 1, 2021.

Already the implementation has started and we accept upgraded software that allows yous to register your company electronically.
Garba Abubakar, CAC Registrar-General

"The law has come with a lot of innovations and changes to some of the sometime provisions off CAMA 1990, and then we needed to brand some changes to bring them up-to-appointment, consistent with the new constabulary," he added.

The upgraded portal integrates a post-incorporation department for registered companies to file changes. Registered companies are required to update their data by March 31, according to the committee.

Here's a step-by-step guide on how to register your company online using the new CAC due east-registration portal.

1. Create business relationship through the e-Registration portal

You must create an account with CAC earlier yous can register your company. Create an business relationship and go on to login here. To brainstorm your company registration process, go to the CAC official website and log on to the e-registration portal.

two. Search for available company name

For you to register your company, you have to first annals a unique name that can exist identified with your make and is not nonetheless allocated to any other enterprise. Nether the Public Search section, click on Search Now.

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If your proposed visitor name is already taken, and so you would have to search for another i. But if name is available, keep to the next stage.

3. Reserve visitor proper name

Reserve your preferred company proper name here. Fill in required details including your company type – private company limited by shares, public visitor etc, proposed company name and objectives. After you enter all necessary information nether each column then you have to complete payment of N500.

You should get a response from the CAC on the status of your application within 24 hours. If your business proper name reservation is successful you would get an approval note containing a name availability code.

4. Register your company

Enter your company proper name availability lawmaking in the infinite provided to continue the company registration procedure.

Once the lawmaking is verified, proceed to the Registration Form CAC 1.i and fill in the required information. For particulars of your company, details yous take to enter include the nature of the chief business organization your company will be engaged in, company email address and registered office address.

For information on visitor directors and shareholders, input personal information – name, date of nascence, gender, phone number, ways of identification too every bit percentage of shares to be held.

Similarly, fill in these details for the visitor secretary (individual or corporate body). You would demand to engage the services of a Legal Practitioner to complete department Due east of the form – statutory announcement of compliance with the requirements of CAMA. Legal support may besides be needed to draft Manufactures of Association.

How to Register Your Company Through the New CAC e-Registration Portal for Businesses and Individuals

After filling the form, pay the stipulated CAC registration fee (which varies by company type) plus postage stamp duty. So yous have to scan and upload the post-obit documents in PDF format: approval note printout, registration grade CAC 1.one, CAC payment receipt, identification of directors and shareholders, stamp duty certificate, memorandum and Articles of Clan, and Certificate of Incorporation of the company secretary (if applicative).

Upon completion of the registration and approving past the CAC, your visitor's Certificate of Incorporation will exist uploaded to your account dashboard where you tin can easily download and print out.

Adept luck to all applicants.

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