I get a lot of calls on what is required to register a business with CAC. The truth is, it's very simple. One major thing are required:
1. Valid ID
Driver's license, international passport, national ID or permanent voters card.

Other things (not required in all cases) may include:
* Academic or Professional certificate
Only required if you want to register a specialized company that offers consultancy and expert services in certain fields (e.g. Audit, Engineering, Medical services, ICT). Certificate can be a university degree or HND, or professional certification.

* Passport photographs
Only required if you are registering a Business Name

* An address
You don't have to open a shop or get an office space in advance. Your residential apartment (rented or owned) will do.

Any other requirements apart from the above means you are intending to register a company that is beyond the ordinary.

Two types of registrations exist for a profit oriented business
1. Business Name
This is typically the sole proprietorship or partnership business types that we are all familiar with. Many professional consultants register this type; including chartered accountants and legal practitioners.
This is also the choice for starter low budget businesses; the certificate issued along with its documents can be used to obtain a corporate bank account, TAX Identification Number (TIN), and Tax Clearance Certificate (TCC).
Cummulative Cost of registering is typically below N20,000 if you go to CAC by yourself, which you can do without any agent or lawyer.

2. Limited Company
This is the preferred choice for you if you are ready for a full scale business. This carries more recognition in the Nigerian business environment. It needs at least two people to set up, and a third person to be the secretary (a CAC accredited agent ). It can be public PLC or private LTD. My focus here is the private company.
You need a CAC accredited agent here, that is the policy. Charges are always negotiable with the agent depending on the circumstances and other services but average is between N60,000 and N75,000.

It takes between two to five weeks to complete registration with CAC depending on the the state office and the readiness and accuracy of the required documents.

Call or text my line if you need more information or assistance. Am an accredited agent with CAC

BBM: 58B0A621

The common question I got asked these days is the how tax is handled after incorporating a company.
First you need to do is obtain a TIN (Tax Identification Number) at the nearest FIRS office to your business address as soon as you start doing business.
At the end of your first year of commencement of business, you need to engage an auditor to audit your accounts. Many auditors include tax consultancy as part of their services; they will assist you with the details and arrive at a tax amount payable to the federal government, while being guided by the CITA (Companies Income Tax Act).
A few have asked me if it is possible to declare that the company has not made profits, even though it did, in order not to pay any tax. THAT IS A CRIME! It is called Tax Evasion and can attract heavy sanctions on your company and even earn you a jail term.
But the straight answer: Tax is calculated as a percentage of your earnings (profit).

Need personal discussions?

BBM: 58B0A621

What do you think about Renesola,it's a solar company.

alice915:
What do you think about Renesola,it's a solar company.

Can you make your question clear?

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE:SOL) is a leading international manufacturer and supplier of green energy products. Leveraging its global presence with offices and warehouses in more than 16 countries and expansive production facilities and sales network, Renesola is well positioned to provide the highest quality green energy products and on-time services for EPC, installers and green energy projects around the world.

Why do we do what we do? Why do we make the effort? Because it’s important.At ReneSola, we are focused on improving production efficiency. We are also continually developing new product lines to provide additional value to our portfolio of green energy offerings; we have expanded into energy storage solutions and energy efficient lighting, among other product categories. Our strong portfolio of world-class products gives us a competitive edge in global markets. Our timely service and just-in-time shipping help our customers improve productivity. Our customers and investors trust ReneSola to be a safe, long-term investment.

weijing3333:
Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE:SOL) is a leading international manufacturer and supplier of green energy products. Leveraging its global presence with offices and warehouses in more than 16 countries and expansive production facilities and sales network, Renesola is well positioned to provide the highest quality green energy products and on-time services for EPC, installers and green energy projects around the world.

Why do we do what we do? Why do we make the effort? Because it’s important.At ReneSola, we are focused on improving production efficiency. We are also continually developing new product lines to provide additional value to our portfolio of green energy offerings; we have expanded into energy storage solutions and energy efficient lighting, among other product categories. Our strong portfolio of world-class products gives us a competitive edge in global markets. Our timely service and just-in-time shipping help our customers improve productivity. Our customers and investors trust ReneSola to be a safe, long-term investment.

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Share your experiences on company registration. Let us all learn from it.

Now you will even learn more here...
http://www.benniesmasterpiece.net/index/company-incorporation/

How much do you register a small business enterprise in Lagos?

Direct your private questions and enquiries

Registering a Business Name is very easy with CAC. You can do this yourself without any stress. Visit any of their state offices.
For Limited Companies, you need to go through an accredited CAC customer.

To select a good name for your business that gets CAC approval, check here: [url] https://www.nairaland.com/3369172/tips-getting-business-name-approved[/url]

With the new CAC online registration portal:
It is possible to get the result of a name search/reservation the same day (this was always 4 days)
Stamp duties is done with the click of the mouse in a matter of minutes (this was a 4 day affair)
When a final upload and submission of your documents are done, it is also possible to get your RC number the same day and get your certificate within 2 days (this used to take 10 working days before now)

This indicates almost 3 weeks reduction in the time needed to register a company!
Don't forget I'm here to readily share information

FYI. If you need to contact me directly, kindly call, text or use the telegram messaging app only