Business Name Registration In Nigeria

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Nairaland Forum  |  General Discussion  |  Business  |  Starting A Business (Moderator: naijacutee)  |  Business Name Registration In Nigeria
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Author Topic: Business Name Registration In Nigeria  (Read 4421 views)
freelance (m)
Business Name Registration In Nigeria
« on: July 08, 2006, 11:32 AM »

Registering A Business Name

Hello Nairalanders,

I would like to register a business for my company. Does anybody in the house have any tips for a business name registration or a reliable and sure way it can be carried out? Hope to hear from you guys soon.

Safe
Seun (m)
Re: Business Name Registration In Nigeria
« #1 on: July 08, 2006, 11:43 AM »

Hello freelance,

You will find the 'Company Registration In Nigeria' discussion useful.  I think it costs 5,000 naira or so to register a business name.  Is there a Nairaland member who performs this service?

- Seun Osewa
Akolawole (m)
Re: Business Name Registration In Nigeria
« #2 on: July 08, 2006, 04:10 PM »

@Freelance

1) Where do you live?

2) Is it just Business Name registration or  LTD company et al?
Ashiwaju (m)
Re: Business Name Registration In Nigeria
« #3 on: July 08, 2006, 06:55 PM »

It depends on the share capital, you ll need about 34,000 to get registered on a 100,000 share capital and about 60,000 to get registered on a share capital of 500,000, so the list goes and i think ventures and enterprices is about 9,000
Seun (m)
Re: Business Name Registration In Nigeria
« #4 on: July 08, 2006, 08:34 PM »

Ashiwaju, business name registration is what you mean by "ventures and enterprises".  Where should I go if I want to register a business name? Are you involved in this business?  Thanks!
Ashiwaju (m)
Re: Business Name Registration In Nigeria
« #5 on: July 08, 2006, 09:25 PM »

I only know the Cooperate Affairs in Lagos, i did mine there few years ago but i have a contact there or better still you can visit CAC Lagos Office  @ the 4th floor,Elephant House, Alausa,Ikeja,Lagos,Nigeria. You ll be required to Pay N500 for name search.
DoMH
Re: Business Name Registration In Nigeria
« #6 on: July 08, 2006, 10:59 PM »

Freelance, check these out:

http://www.cac.gov.ng/Pages/STATUTORY%20FEES.pdf

http://www.cac.gov.ng/Pages/Statutoryfee.htm

http://www.doingbusiness.org/ExploreTopics/StartingBusiness/MoreDetails.aspx?economyid=143

It'd be nice to know how long it takes to start operating your business after registering your business name.

What do you think?
Seun (m)
Re: Business Name Registration In Nigeria
« #7 on: July 10, 2006, 02:04 AM »

Ashiwaju, you mean I can just go to Corporate Affairs Commission tommorrow and they will just attend to me like that, no delay and no trouble?  Is it that easy, or is there something more we need to know?
hola2ng (m)
Re: Business Name Registration In Nigeria
« #8 on: July 10, 2006, 12:09 PM »

I think you can register business names and or incorporation online
at : http://www.cac.gov.ng/
You don't even need to go to their offices anymore.
Just do it online.
delarontus (f)
Re: Business Name Registration In Nigeria
« #9 on: July 10, 2006, 04:03 PM »

I register business names and companies but i'm not in Lagos. The online service is for lawyers only and its not even reliable because they have not set things right at their IT department.
Seun (m)
Re: Business Name Registration In Nigeria
« #10 on: July 10, 2006, 06:05 PM »

Quote
The online service is for lawyers only and its not even reliable because they have not set things right at their IT department.
I'm so relieved to read this!  For a moment, I thought I was no longer in Nigeria.  Online registration is impossible!!
Ashiwaju (m)
Re: Business Name Registration In Nigeria
« #11 on: July 11, 2006, 04:09 PM »

@Seun

All you have to do is get to the Coporate affairs in Lagos at the afformentioned addresspick a form at the Ground floor UBA for five hundred. go back to 4th floor, get a form, fill the form and submit. you ll be required to come back after two weeks and its better to have a contact there, so you can save your time and make more calls to know when your name search is avilable and please note that you ll be required to pay or collect a name search form as many times as possible i.e if the name you search for is taken,You ll have to get anada form,look for a name perhaps mix names from your first and last names or somethingjust like you are creating your I.D on yahoo!

When your name search is out and your name is approved:::you ll be required to bring some documents depending on what your type of business is, for example if you intend to run a consultancy office, you ll need to demonstrate that you have gone through an acadamic Institution "territiary", they ll need a copy of this and a copy of that to complete your application for registration:::that takes anada two weeks or so and your share capital really matters!
freelance (m)
Re: Business Name Registration In Nigeria
« #12 on: July 14, 2006, 04:29 PM »

Thanx all for the tips. i would find time to go there next week and make the enquires.seun thanx. safe and wish you all the best. safe
exago (m)
Re: Business Name Registration In Nigeria
« #13 on: October 01, 2007, 09:55 PM »

Maybe this list of all the expected likely fees can help out, From name search to registration. You can also contact my friend (He is a lawyer, works on the Island).
As par his charges I can't really comment cause you have to negotiate on your own.
You can call Him on
Ehis  - 08056455474

REGISTRATION OF COMPANIES UNDER PART A OF CAMA.doc
* REGISTRATION OF COMPANIES UNDER PART A OF CAMA.doc (32.5 KB - downloaded )
niyyie (m)
Re: Business Name Registration In Nigeria
« #14 on: October 01, 2007, 10:23 PM »


The best thing to do is visit the nearest CAC office.
babaife (m)
Re: Business Name Registration In Nigeria
« #15 on: October 04, 2007, 08:50 PM »

CAC is no longer at UBA house, Marina but 26 Aje Street, sabo Yaba. i visted their office last week for the same purpose and was able to obtain this information.

regards
tundeyoung
Re: Business Name Registration In Nigeria
« #16 on: October 06, 2007, 08:21 AM »

My advice: try the law firm of Dare Aguda (www.justicedareaguda.com). He specializes in Business Registration and he's a retired high court justice.

I'd rather trust someone like him.
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