A Business Name means the name and style under which a business is carried on. A Business Name may be a Sole Proprietorship or a Partnership. It is a Sole Proprietorship if it is carried on by an Individual or a Corporate Body solely.

It is a Partnership if it is carried on by two or more Individuals or Corporate Bodies or a combination of Individuals and Corporate Bodies. A Business Name does not enjoy legal personality. It is not separate from the proprietor or partners for the purpose of liability. The liability of the proprietor or partners in a Business Name is not limited.

©®

A Company is a business arrangement which enjoys legal personality. It is a corporate body and separate from its members (owners). The liabilities of members (owners) of a Company may be limited by shares or guarantee or may be unlimited. A Company may be public or private. The name of a Company must end with the word “Limited” or “Limited by Guarantee” or “Unlimited” or their abbreviations (“Ltd or PLC” or “Unltd” or “Ltd/Gte”)

We can upgrade your business name to a private limited liability company. Get in touch with us today.

Do you run an agricultural related business? We are CAC Accredited registration agent in Nigeria.We register Agro business & exporters with business name & limited company certificate from CAC & process Export license certificate from NEPC.

Happy Sunday

Why you will need a Scuml Certificate if your venture is categorized as Designated Non-financial Institution (DNFI)


What is a SCUML Certificate and how do I get one?

Special Control Unit Against Money Laundering (SCUML) is a governmental agency that was established in line with the Money Laundering (Prohibition) Act 2004 now Money Laundering(Prohibition) Act 2011 . This agency is charged with the responsibility of solely monitoring, supervising, and regulating the activities of Designated Non-Financial Institutions (DNFIs).

The SCUML certificate is issued by the EFCC and serves as proof that the organisation’s bank account is not used for money laundering activities and certifies the organisation as legitimate. Any organisation who falls under the DNFI but has not registered with SCUML may not be allowed to have a bank account with any financial institution.


To be continued........

Let's register your business.

Who are under DNFIs?

Section 25 of the ML § Act defines DNFIs as dealers in;

Jewellery
Cars and luxurious goods dealers
Precious stones and metals dealers
Real Estate agents
Estate Developers
Estate Surveyors and Valuers
Estate Agents
Chartered Accountants
Audit Firms
Tax Consultants

Clearing and Settlement Companies
Hotels
Casinos
Supermarkets
Dealers in mechanised farming equipment and machineries
Practitioners of Mechanised Farming
Non Governmental Organisations (NGOs)
How do I register?
Registration can be done on the SCUML website at no cost.

What do I need to register?
Business Name

Certificate of Incorporation,
BN FORM 01, (Proprietor’s Particulars)
Evidence of tax registration (TIN letter) and
Professional certificate where applicable.
BVN, Bank Name, and Account Number
Companies

Certificate of Incorporation
Memorandum and Articles of Association
Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
Evidence of tax registration (Tax Identification Number (TIN)
BVN, Bank Name, and Account Number
Trust/NGO

Certificate of Incorporation/Registration
Incorporation of Trustees or CAC7 and CAC 2
Identification of Trustees with a valid means of identification
Constitution/Memorandum & Articles of Association
Tax Identification Number (TIN) or Tax Exemption
Particulars of Settlors
Particulars of Protector (if any)
Copy of Cooperation Agreement (For international NGOs)
Trust Deed Agreement
BVN, Bank Name, and Account Number
Religious Organisation

Certificate of Incorporation/Registration
Incorporation of Trustees
Identification of Trustees with a valid means of identification
Constitution
Association /Clubs/Societies

Certificate of Incorporation/Registration
Copy of Constitution/Bye-Laws etc
Particulars of the trustees
Reliable means of Identification of at least two of the trustees
Tax Identification Number (TIN) or Tax Exemption
BVN, Bank Name, and Account Number
What happens next?
Once your application is successful, your organisation will receive its own unique SCUML registration number and a SCUML registration certificate.

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public Limited Company), Limited Partnership and Limited Liability Partnership, Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC.

We also undertake the rigorous process of your CAC post registration services such:

As Annual returns, change or correction of name, name substitution, change of address, change of directors, change of nature of business, registration of business name as a limited company etc.



If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160.

Happy Sunday

Let's register your business today. We register all categories of business in the different sectors of the economy.

To register an NGO, one need to follow laid down process. It's registration is peculiar in that it can only be done under Part A of the Companies and Allied Matters Act as a company limited by guarantee or by Part C of the Company and Allied Matters Act as Incorporated Trustees.

®©

Happy new month. May the blessing and grace of the new month bear forth in your families and business.

Business registration is still ongoing. Your business name or private limited company should be registered and gain credibility and enhanced success.

...

Happy Sunday

We are CAC Accredited registration agent in Nigeria.Don't operate without a structure.

We register Agricultural business & exporters with business name & limited company certificate from CAC & process Export license certificate from NEPC.

Do you sell manufacturers products and specialized goods in Nigeria? These type of business can be registered as a business name or private limited company.

We are CAC Accredited Agent for business registration. Give us a call/WhatsApp on 07033097160.

If you run a Medical and diagnostic center, you should endeavor to register it as a Private limited Liability company. It's a requirement by law to present your CAC certificate of registration before approval by the medical body.

We are your one stop center for your business registration. We are chartered and accredited to do all your registration and we deliver in record time.

Let's register your business and NGO today.

Happy Sunday

Every company registered in Nigeria is required to file an annual return with the Corporate Affairs Commission (CAC). The annual return provides information about the company's shareholders, directors, and other relevant details. This filing is meant to keep the CAC updated on the current status of the company.

NOTICE!! NOTICE!! NOTICE!!

The Corporate Affairs Commission is set to delist 91,843 companies for failing to file their annual returns with it.

In a list published on its website, the commission listed 91,843 companies for delisting (2,738 less than the 94,581 it initially published in August). This is still less than the initial 100,000 companies that CAC said it would remove in an earlier announcement.

In July, the Registrar-General and Chief Executive Officer, CAC, Garba Abubakar, revealed that the commission would delete 100,000 registered companies from its database for failing to file an annual return.


To be continued.......

At the time, he announced that the commission would send notice of striking off to the affected companies before embarking on the action as enshrined in section 692 of the CAMA, 2020.

In a recent update, CAC said, “Further to its earlier notice of the commencement of striking off the names of Companies from the Register of Companies and published on the gazette, the Commission hereby notifies the General Public that the list of Companies that have failed to comply with the provisions of the Companies and Allied Matters Act 2020, to file up to date annual returns is now ready for publication in accordance with the provisions of Section 692 of the Act.

“Companies who filed complete annual returns in response to the earlier publication are advised to confirm removal from the list of Companies to be struck off. The updated list for publication is available on the Commission’s website.”


To be continued......

It further stated that it is unlawful for any company whose name has been struck off the register of companies to carry on business unless its name is first restored to the register by an order of the Federal High Court.

It added, “The General Public should note further that the striking off of the name of a Company from the Register of Companies is without prejudice to the powers of the Commission to enforce any liability arising under the Act against the directors of the struck off Company.”

How long does it take to register a business name in Nigeria?

Business name registration is faster. If the applicant provides all the required information, it takes just within 72 to register a business name in Nigeria.


If you would like us to undertake the whole process of registering your business in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160.

Do you want to start an Asset management company or an individual or corporate consultancy? Asset management company is good idea with good earning potential.

Let's register your business today and gain formal recognition.