The Ultimate Guide to CAC Business Name and Company Registration in Nigeria

Introduction

Registering your business with the Corporate Affairs Commission (CAC) is crucial for legal recognition, credibility, and access to funding in Nigeria. Whether you are a small business owner or planning to incorporate a company, this guide provides a step-by-step approach to registering a Business Name or Limited Liability Company (LLC) in Nigeria.

Why Register Your Business with CAC?

Benefits of Business Registration:

• Legal Recognition – Gives your business a legal identity.
• Credibility – Builds trust with customers, banks, and investors.
• Access to Funding – Essential for bank loans, grants, and investment opportunities.
• Intellectual Property Protection – Prevents others from using your business name.
• Business Expansion – Allows for scaling operations and partnerships.

Business Name vs. Company Registration: What’s the Difference?

Step-by-Step Guide to Registering a Business Name

Step 1: Check Name Availability

• Visit the CAC Portal (www.cac.gov.ng).
• Click on Public Search to check if your business name is available.
• Choose a unique name to avoid rejection.

Step 2: Reserve Your Business Name

• Log in to the CAC Portal and apply for Name Reservation.
• Pay the required fee.
• Wait for CAC’s approval (usually within 24–48 hours).

Step 3: Complete Registration

• Fill out the online registration form with details such as:
  • Business name
  • Nature of business
  • Business address
  • Owner’s details (Name, phone number, email, valid ID)
• Upload necessary documents and submit.

Step 4: Payment and Submission

• Pay the official CAC registration fee.
• Submit the form and wait for verification.

Step 5: Obtain Your Business Name Certificate

• Once approved, download your Business Name Certificate.
• You can now operate legally and open a business bank account.

Step-by-Step Guide to Registering a Limited Liability Company (LLC)

Step 1: Conduct a Name Search and Reservation

• Log in to the CAC Portal and search for name availability.
• Reserve the name and pay the reservation fee.

Step 2: Prepare Incorporation Documents

• Memorandum and Articles of Association (MEMART) – Required for companies.
• Details of Directors and Shareholders – At least two people.
• Business Objectives – Clearly define your business purpose.
• Registered Business Address.
• Valid Identification (National ID, Passport, or Driver’s License).

Step 3: Fill out the Online Registration Form

• Log in to the CAC Portal and enter your company details.
• Upload necessary incorporation documents.

Step 4: Pay the Registration Fee

• The cost varies based on share capital (e.g., ₦10,000 to ₦50,000 for small businesses).
• Pay online through the CAC platform.

Step 5: Submission and Approval

• Submit all required documents.
• Wait for CAC to verify and approve your application.

Step 6: Obtain Your Certificate of Incorporation

• Download your Certificate of Incorporation and other registration documents.
• Obtain a Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS).
• Open a corporate bank account for business transactions.

Post-Registration Compliance

Additional Requirements After Registration

1. Tax Registration: Register with FIRS and obtain a TIN.
2. Regulatory Permits: Obtain necessary licenses (e.g., NAFDAC for food businesses).
3. Business Bank Account: Required for credibility and financial management.
4. Trademark Registration: Protects your business identity from infringement.

Conclusion

Registering your business with CAC is an essential step toward legal recognition and business growth in Nigeria. Whether you choose a Business Name or a Limited Liability Company (LLC), understanding the requirements and process will help you register successfully.

If you need professional assistance, consider hiring a CAC-accredited agent or consulting a legal expert to ensure a smooth registration process.