How to Register a Business Name in Nigeria in 2023: Complete Step-by-Step Guide
One of the most significant techniques to distinguish your brand from the competition is to register a business name for your brand. This will offer your brand credibility and competency, which will draw in more clients and perhaps even investment.
It used to be incredibly difficult and time consuming to register a business name or company, but that has changed recently. You will soon learn in this post how to quickly register your business with CAC, step by step.
Let’s get started.
Overview: Business Name Registration in Nigeria
The Corporate Affairs Commission, which was founded in 1990 under the Companies and Allied Matters Act, is the professional organization in charge of business name registration. They are in charge of managing and regulating businesses and corporations in Nigeria.
The Corporate Affairs Commission (CAC) offers services for business registration such as:
- Business Name
- Company
- Limited Liability Company
- Incorporated Trustees
- Limited Liability Company
Requirements for Business Name Registration
Before proceeding with the steps on how to register a business name in Nigeria, you should be aware of the requirements for registering a business name.
The prerequisites are as follows:
- CAC approval note for name reservation
- General Business Description
- Business Name Address
- Duly Completed CAC Application Form
- Passport Photograph
- The proposed business email and phone number
- A valid form of identification, such as a driver’s license, an international passport, a National Identification Number (NIN), or a Permanent Voters’ Card, is required.
After you have met all of the requirements, you can proceed to properly register your business name.
