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Business Registration - What It Entails by francizy(m): 7:15am On May 09, 2015
Hello fellow Nairalanders, I need your help on information that can help in Business Registration in Nigeria, Benin City precisely.
What type of registration will suit a small Fabrication firm?
How much will the registration cost?
Can the registration be done in Benin City?
Which Bank is the best to open a corporate account, considering charges specifically?

You can add other useful information if you like.

Thanks on advance..
Re: Business Registration - What It Entails by intergral(m): 7:39am On May 09, 2015
FTC ON MA BIRTHDAY, THAT's F*CK'n AWESOME!!!........
Op am also interested.

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Re: Business Registration - What It Entails by Rahmatuparker: 7:39am On May 09, 2015
Am waiting too 4 dis info

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Re: Business Registration - What It Entails by ayusco85(m): 7:40am On May 09, 2015
this is the thread i have been waiting for. #Following with biro and paper

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Re: Business Registration - What It Entails by Kelvin0(m): 7:42am On May 09, 2015
@Op, having a corporate account is one of the things it entails. make sure d business name u intend to use has not been used by any other business (you can try a name search) and that the business obeys all statutory laws.

When you have a current account with any reputable bank, you can talk to them to help you process the form, it's easier that way. I had a friend in Access bank who helped me to process mine without stress.

this is their Benin address: NO 44, GODWIN ABBE WAY, OFF SAPELE ROAD,
G.R.A.,
BENIN-CITY,
Edo State
Nigeria
email: edo@cac.gov.ng

2 Likes 2 Shares

Re: Business Registration - What It Entails by Godweapon30(m): 7:42am On May 09, 2015
Pls get a better info @ CAC
Re: Business Registration - What It Entails by ITbomb(m): 7:42am On May 09, 2015
Enterprise or Limited Liability?
I will advise you start with enterprise unless you are really loaded to go for Ltd
Enterprise (diy) is around 15k
Ltd is advisable to be done by a pro or lawyer (>50k)

Can be done at any state office of CAC.

FCMB Business Account is doing me good
25k to open, then they deducts 5k min bal, 1k for ATM card, then chk book

1 Like

Re: Business Registration - What It Entails by dhardline(m): 7:43am On May 09, 2015
Just go to the Diamond bank nearest to you and they'll tell you all you need to know or you visit CAC website for more info.

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Re: Business Registration - What It Entails by lilwayneme(m): 7:43am On May 09, 2015
business everywhere

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Re: Business Registration - What It Entails by Nobody: 7:44am On May 09, 2015
It's easier when you're connected with a trusted CAC agent. All you need do is scan a recent passport photograph and send it with some personal details. Can't remember precisely what details....your agent will brief you on that. Note that I did mine almost 2 years ago and it cost around 30k.

1 Like

Re: Business Registration - What It Entails by tunene66: 7:45am On May 09, 2015
Go to the CAC web portal. U can do it online. U first have to do name search
Re: Business Registration - What It Entails by kelliazy(m): 7:46am On May 09, 2015
Lol........go ask google or look for business consultant I doubt if you will get any vital info here...............









I love my mum[color=#006600][/color]
Re: Business Registration - What It Entails by kelvyn7: 7:46am On May 09, 2015
I want to knw too
Re: Business Registration - What It Entails by Nobody: 7:47am On May 09, 2015
if you can afford it just get a lawyer to do everything for you at a fee since you're too slow to figure it out yourself

1 Like

Re: Business Registration - What It Entails by francizy(m): 7:50am On May 09, 2015
intergral:
FTC ON MA BIRTHDAY, THAT's F*CK'n AWESOME!!!........
Op am also interested.

LoL, happy birthday bro
Re: Business Registration - What It Entails by DrKlever(m): 7:50am On May 09, 2015
Me too! I own a clothing company I.e a designer. How do I get to register my businesss?
Re: Business Registration - What It Entails by presiade(m): 7:51am On May 09, 2015
Morning, for your business registration visit CAC's office around Etete Street @GRA, Benin. They'll put you through.
For your Corporate account, visit Union bank- the most SMSE friendly bank in Nigeria. You can take loan from them when you start running your account effectively... Thank me later.

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Re: Business Registration - What It Entails by EZEUDENE(m): 7:51am On May 09, 2015
I think diamond bank
Re: Business Registration - What It Entails by Nobody: 7:51am On May 09, 2015
Registration makes your firm a corporate firm. It gives you right to import' export and manufacture. It gives you the power to sue and gives others power to sue you. Remember if you register you will obtain an Rc or Rv number then you register with FIRS federal inland............ then you obtain your TIN number (Tax id. Number) which will give you power to Vat your clients. If you have vat other corporate firms will file your 5% to your TIN account. If not, at the end of the year you will file your annual returns. It costs 10,000 + to register with CAC corporate affairs commission. You first of all submit your proposed company name, then they will search if the name had been chosen by someone else after a week, they inform you if it is approved or you will submit another name.
I prefer Diamond bank for corporate account.

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Re: Business Registration - What It Entails by intergral(m): 7:52am On May 09, 2015
francizy:

LoL, happy birthday bro
thanks!
Re: Business Registration - What It Entails by sasifo(m): 7:56am On May 09, 2015
You can do "BUSINESS NAME" registration as this one does not carry much requirements from CAC.You can do it by yourself in Benin if there a branch of CAC there. For a small fabrication business.All you need is your passport photograph. When you get there obtain a form for NAME SEARCH, which you will fill with your proposed choice of your busines name. If there is no business using one of the names submitted, it will be reserved for you for 60 days. This is the preliminary stage. Paraadventure, there is no CAC branch in Benin, I can assist you to get it done expressly here in Lagos. As for banks to open corporate account, I will suggest you vist some of the commercial banks branches in your area and get information from them. Based on the information gotten from them, you can now decide which one will serve your purpose businesswise. I suggest Diamond bank will be okay for you as they help small businesses to grow. For further info you can reach me on 08099341833 . Have a nice weekend.

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Re: Business Registration - What It Entails by Belexy(m): 7:56am On May 09, 2015
ITbomb:
Enterprise or Limited Liability?
I will advise you start with enterprise unless you are really loaded to go for Ltd
Enterprise (diy) is around 15k
Ltd is advisable to be done by a pro or lawyer (>50k)

Can be done at any state office of CAC.

FCMB Business Account is doing me good
25k to open, then they deducts 5k min bal, 1k for ATM card, then chk book



Can someone open FCMB BUSINESS ACCOUNT when your business is registered as an enerprise or must it be limited?
Re: Business Registration - What It Entails by francizy(m): 7:56am On May 09, 2015
tunene66:
Go to the CAC web portal. U can do it online. U first have to do name search

Can I do the name search online?

ITbomb:
Enterprise or Limited Liability?
I will advise you start with enterprise unless you are really loaded to go for Ltd
Enterprise (diy) is around 15k
Ltd is advisable to be done by a pro or lawyer (>50k)
Can be done at any state office of CAC.
FCMB Business Account is doing me good
25k to open, then they deducts 5k min bal, 1k for ATM card, then chk book

Thanks a lot for this info. Regards.
Re: Business Registration - What It Entails by Nairalandmentor(m): 7:56am On May 09, 2015
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Interested? Kindly Call 08069239648 or Ping 7BD19C14 for details.

Re: Business Registration - What It Entails by Lesgupnigeria(m): 7:57am On May 09, 2015
Contact a good lawyer.












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Re: Business Registration - What It Entails by stephenqueen: 7:59am On May 09, 2015
Go to CAC nearest office in your state,or visit their website




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God bless you all



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Re: Business Registration - What It Entails by francizy(m): 7:59am On May 09, 2015
Mods please I want to modify my post and correct the error there "on" advance, but the post seems locked and I can't edit it..
Re: Business Registration - What It Entails by PHfinest(m): 8:00am On May 09, 2015
Will reply soonest
Re: Business Registration - What It Entails by damiloladuke: 8:04am On May 09, 2015
visit CAC shikenah







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Re: Business Registration - What It Entails by muyeskin(m): 8:05am On May 09, 2015
Its so easy. I just did online recently. The site is WWW.CAC.gov.ng. You have to first register on the site and afterwards, do a name search. The name search would cost you #500. After some days or week, your name will be accepted or declined. Once your name is accepted, you proceed to registration proper by filling out some information's needed by CAC. Once you are done filling, you proceed to payment which will cost you #10,000. You would be asked to state a point of collection (the certificate of registration). And wait for two weeks. NB: All payment will be online.

3 Likes

Re: Business Registration - What It Entails by Nobody: 8:05am On May 09, 2015
francizy:
Mods please I want to modify my post and correct the error there "on" advance, but the post seems locked and I can't edit it..
cheesy

1 Like 1 Share

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