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How Much Do I Need To Register A Business Name With CAC? / The Complete Guide On How To Register A Business Name In Nigeria / How To Register A Business In Nigeria (2) (3) (4)
|How To Register A Business Name In Nigeria by Crayonforest: 9:40pm On May 12, 2020|
Having a registered business name is one of the steps every Entrepreneurs take prior to the launching of their startup business.
Are you looking for how you can register a business name in Nigeria?. Take this step by step guide to register your business name in Nigeria.
It is very easy to register a business name in Nigeria, the Corporate affairs commision have made the process of registering a business name simple so that you can do that without any hitches. Their website now has certain search tools and other features that now makes it possible to search for business names, reserve and register a business name without necessarily going to the CAC office.
Here are the steps to take to register business name in Nigeria
Search for Name Availability
This is the first and crucial step to take, you must first of all come up with particular business names in mind and possibly alternative names. You will then visit CAC website and search for the availability of such names. The Corporate affairs commision website has a public search tool integrated on their website to enable business men search for the availability of their Business name. once the business name is available and the search results shows that there is no existing business with such name then the next step is to
conduct an official search using the CAC online portal. This process permits the reservation of a particular business name for a period of 90 days.
APPLY FOR BUSINESS NAME REGISTRATION
Immediately your business name is approved and reserved the next step will be to submit the h completed statutory forms, you must attach two passport size photographs along with the form. In a case where the company is in partnership,each of the applicant's photographs must be attached with the form. You can also do these online on CAC website by filling in these requirement
Approved Business name
General nature of the Business
Address of the business
Name, Address, Occupation and other required details of the proprietor or proprietors of the business.
Signature of the proprietor or proprietors as the case may be.
MAKE THE REQUIRED PAYMENT
The moment you submit the required documents, you will need to make the necessary payment. Here is a breakdown of the required payment you need to make.
Business Name Reservation
Business Name registration Form 250
Business Name registration fee 10000
RESTRICTIONS IN REGISTERING BUSINESS NAME IN NIGERIA
While registering your business you should bear in mind that you don't violate any set rules and must strictly follow the pre-define restrictions.
The name must be 100 percent unique and original
The name must not in any way contain Chamber of Commerce, Federal, National, State, Regional, Government, Municipal, Chattered, Co-operative, Building society, Group, or holding, also the names must not in any way contain terms which in thenopinoon of the commision has the capability to mislead the nature or extent of its business activities.
A name perceived to be offensive to the general public is highly prohibited, also the name must not in any way violate the existing trademark or existing business name in Nigeria unless consent is obtained from the owner of such trade mark.
The name must not be offensive to public policy.
The name must not be in contradiction to public policy.
The name must not, in the opinion of the Commission, violate any existing trademark or existing business name in Nigeria (unless consent from the owner is obtained).
How to Change Your Company Name in Nigeria?
If you are wondering whether a person is allowed to change the names of companies in Nigeria, the answer is yes. Anyone who is willing to change their company name must follow a streamlined process, and the problem is sorted. If you are one of them, and looking for a guide to take you through the procedure of changing a business name in Nigeria then you are on the right platform. A step by step procedure is stated below.
NOTE: In a case where the business name is not approved, you must obtain another Business name reservation form and resubmit it along with two other business names options and wait for approval.
|Re: How To Register A Business Name In Nigeria by Petrodirect: 11:00am On May 13, 2020|
|Re: How To Register A Business Name In Nigeria by Alkason: 1:31am On May 15, 2020|
Can you assist me register one with CAC?
|Re: How To Register A Business Name In Nigeria by Crayonforest: 1:41pm On May 19, 2020|
Please send me a message on Whatsapp
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