How To Register A Business Name In Nigeria​

Welcome to BizPremi, where we are going to show you, how business registration in Nigeria is done. We are glad you are here.  Let’s show quickly show you, how to register a business name in Nigeria without stress. This article is going to be very short. Therefore, we would be going straight to the point. let’s help you, in registering your business in Nigeria

Having a business of your own is a great move, to financial freedom. Be it an online business, home based business, or any type of business you might might be running, or want to run. But I tell you, if it’s not registered, I don’t think you or your business is legal.

Registering your business, gives you and your business open opportunities, access to financing in terms of business grants, business loans, and also visibility and credibility.  Registering your business, as long as it’s being operated in Nigeria, is a step you cannot skip. Check why Corporate Affairs Commission, Is Important For Your Business In Nigeria.

Have heard a lot of people say, “My business is new, I don’t think registering is a great idea”. Your business is new, doesn’t mean it shouldn’t be registered. In fact that’s when it should be. Telling the World, this is a real business.

Registering your business name, is even the main thing for your business, especially when it’s new. Business names are mostly good for small businesses, startup businesses and so on.

Without wasting much of your time, let’s show you how you can register your business in Nigeria.

Registering Your Business Name In Nigeria.

The Agency responsible for registering any business in Nigeria, either a business name, Limited Liability Company or Trustees, is the Corporate Affairs Commission (CAC). They are the only Government Agency, responsible for the registration of businesses in Nigeria. What Is Corporate Affairs Commission (CAC) In Nigeria

To register your business, all you have to do, is go to their office, with your business documents. Meaning your proposed business name, your own personal details. So the owner of the business is known. Because registering a business name, does not separate you from the business. If you want to be separate from your business, then the LLC is for you.

However, there is even a better way to register your business, without having to go to their office. You can register your business name online. The CAC, offers different types of business registrations also. Not just a business name. In that case, check here for Types of Corporate Affairs Commission Registrations in Nigeria.

Steps To Register Online

Below, are the steps you are to follow, to make registering your business name easy.

First Step : Visit The CAC Website

• Official website here. https://cac.gov.ng/
• On the homepage, click on Online registration Portal.

Second Step : Create An Account

• Click on signup to create an account. otherwise click on login if you already have an account.
• Fill in your details in the form provided.
• An email will be sent to your email. Activate the account from the email

Third Step : Business Name Search

• Upon successful registration, on the homepage, there is a button that says Public Search, click on it.
• Search for your business name if it’s available. If it is, Apply for the name. Applying, is just for the name reservation.
• Payment is required, usually around ₦500.
• If approved, you’ll get a notification. This takes approximately 1 -2 business days.

Fourth Step : Business Name Registration

• Login to your account back on CAC
• Click on New registration then Business Name registration
• Complete the BN1 form. BN meaning Business name.
• Provide details of the business, like business address, type of business and the business owner details, which is you, or the person you registering the business for.
• Upload the necessary documents (Means of identification; NIN, International Passport, Drivers License or Voter’s Card)
• Upload a passport photograph
• Then your signature. All this documents, are needed to be scanned and then uploaded.

Fifth Step: Registration Fee And Submission

• Pay your registration fee, usually ₦10,000, as of now. would update should price changes. Mode of payment, either bank transfer, card, or Remita.
• Crosscheck your business name application. Make sure there are no errors, especially in the business name. Although you can always change, but attracts extra fees.
• Submit the application
• Wait for CAC response or update.

Final Step : Your Certificate And Report

• After you’ve been approved, an email would be sent.
• Login into your account, and download your business certificate of registration and the status report.

Conclusion

No matter the type of business you are doing, registering your business name with the corporate affairs commission is a game changer. It provides all the benefits and tools needed for your business growth.

Go and register that business name today. Prevent others from using your business name. This is Adegbola Valentine. With love from Bizpremi. Hope to see you again. However, if you found this article helpful, do not hesitate to drop a comment. This is how business registration in Nigeria is done.

Don’t hesitate. As long as your business is in Nigeria, registering your business name is a smart move.