“Is CAC business registration a scam?” - A question that continues to linger and fuel skepticism amongst small to medium sized business owners in Nigeria who still run unregistered businesses.

While some business owners currently enjoy the benefits attached to registering their business with the Corporate Affairs Commission, many business owners still downplay and ignore the importance of registering their business with CAC and then continue to run unregistered businesses online and offline.

The Corporate Affairs Commission is a regulatory body, established to regulate the incorporation, running and winding up of companies, business names and incorporated trustees, in accordance with CAMA. If you run a business in Nigeria, it is expected that you register your business with the Corporate Affairs Commission.

Aside from being mandated by the government, registering your business with the Corporate Affairs Commission is very essential as it gives you access to an array of benefits that support growth and continuity in your business.

Few of these benefits include;

Access to business loans and financial support: A registered business qualifies you for credit facilities and financial support from governmental and non-governmental bodies that can help you launch your business idea or scale new heights in your existing business.

Protection of business name: By registering your business with the Corporate Affairs Commission, you automatically protect your trademark from being used by other business entities particularly if your brand has become a household name in your industry.

Increases customer trust and brand credibility: With a registered business, the perception of your brand is enhanced and this can help build confidence in customers and investors who decide to do business with you.

A business bank account: To open a corporate bank account in any commercial bank in Nigeria, a business certificate is required. Registering your business with CAC makes it easy to open a business bank account as a certificate is issued after registration.

Launch: Register your business with CAC for N18,000

Launch is a business registration service designed to help entrepreneurs in Nigeria kickstart their entrepreneurial dreams. Through Launch, small to medium sized businesses in Nigeria can register as a business name and Limited liability company for N18,000 and N50,000 respectively.

A major advantage to registering your business with CAC through Launch is CAC certificates are issued within 5 days coupled with a bunch of benefits such as;

1. A free business bank account for corporate use.

2. Access to business loans of up to 20 million naira to fund or grow your business.

3. Invoices and Payment links to receive local and international payments from customers.

4. A free ecommerce store to showcase your products and services

5. Tailored trainings that are organized to educate and give you effective ways to grow your business.

The first step to ensuring your business is properly structured and qualified for legitimate funding is by registering your business with the Corporate Affairs Commission (CAC).

Register your small or medium sized business today by visiting our website to begin your application - https://launch.vella.finance/

For more enquiries on our business registration service, Launch, kindly send an email to launch@vella.finance.