How to Register a Business Name in Nigeria Online With CAC 2024

Registering a business name in Nigeria is an essential step in establishing a legal entity. The Corporate Affairs Commission (CAC) is responsible for the registration of business names, and this can now be done online, making the process more convenient and accessible. Below is a step-by-step guide on how to register a business name in Nigeria online with CAC in 2024.

How to Register a Business Name in Nigeria:

Step 1: Create an Account on the CAC Portal

1. Visit the CAC e-Registration Portal: Start by visiting the official CAC website at https://pre.cac.gov.ng.
2. Create an Account: Click on “Register” and fill in your details to create an account. You will need to provide your name, email address, and phone number. Once registered, you will receive an activation link in your email.
3. Login to Your Account: After activating your account via the email link, log in using your email and password.

Step 2: Conduct a Name Availability Search

1. Check Business Name Availability: On the CAC portal, click on “Public Search” to check if your desired business name is available. You can search for multiple names to increase your chances of approval.
2. Reserve Your Business Name: Once you find an available name, proceed to reserve it. The reservation is valid for 60 days. There is a fee for name reservation, which can be paid online.

Step 3: Complete the Business Registration Form

1. Fill in Business Details: After reserving your business name, proceed to fill in the business registration form. You will need to provide details such as the business address, nature of business, and information about the proprietors.
2. Upload Necessary Documents: You will need to upload some documents such as valid identification (e.g., National ID, Passport, or Driver’s License), passport-sized photographs of the proprietors, and any other documents required by CAC.

Step 4: Pay the Registration Fees

1. Calculate the Fees: The CAC portal will calculate the registration fees based on your business structure and type.
2. Make Payment: You can pay the fees directly through the portal using a bank card or via online banking.

Step 5: Submit Your Application

1. Review Your Application: Before submitting, ensure that all information provided is accurate.
2. Submit the Application: Once reviewed, submit the application for processing. You will receive an acknowledgment from CAC once your submission is successful.

Step 6: Obtain Your Business Certificate

1. Receive Approval: If your application is approved, CAC will notify you via email.
2. Download Your Certificate: Log in to your CAC account, and you can download and print your Business Name Certificate. The certificate serves as legal proof of your business registration.

Important Tips:

• Reserve Multiple Names: Always reserve more than one name in case your first choice is unavailable.
• Use Correct Information: Ensure that all details provided match your official documents.
• Follow Up: If you experience delays, follow up with CAC via their customer service channels.

Useful Links:

• CAC Online Registration Portal: https://pre.cac.gov.ng
• CAC Public Search Page: https://search.cac.gov.ng
• CAC Customer Service: https://www.cac.gov.ng/contact-us/

Frequently Asked Questions (FAQs)

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

• • It typically takes between 1-2 weeks to complete the registration process, depending on the availability of your chosen business name and how quickly you submit the required documents.

What documents are required to register a business name in Nigeria?

• • You will need valid identification (National ID, Passport, or Driver’s License), passport-sized photographs of proprietors, and any other documents CAC may request during the registration process.

Can I register my business name if I am not physically present in Nigeria?

• • Yes, you can register your business name online from anywhere in the world, as long as you have access to the CAC portal and can upload the necessary documents.

What is the cost of registering a business name with CAC in 2024?

• • The cost varies depending on the type of business. Typically, the fee for business name registration ranges between ₦10,000 to ₦15,000, including name reservation and other processing fees.

Can I make changes to my business name after registration?

• • Yes, changes can be made to your business name after registration. However, you will need to apply for the change through the CAC portal, and additional fees may apply.

Related Article: Corporate Affairs Commission (CAC) Recruitment: Applying for the 2023 Corporate Affairs Commission Jobs

Conclusion

By following these steps, you can successfully register your business name in Nigeria and operate legally within the country. Make sure to keep all documents and registration details safe for future reference.