How can CAC business name registration be done? As a company owner and also a businessman, the first way to get your business name recognized is by getting registered.
Furthermore, registering your industry means telling the government that you exist. That is to say, your business name belongs to you alone, and it is doing well. It also helps boost your business profile.
CAC Business Name Registration
The Corporate Affairs Commission (CAA) is known to be legit. So, once your business is registered under them, it gives the business a license to keep operating.
The CAC was founded by the Camps and Allied Matters Act in 1990. It was formed to manage the companies in Nigeria. Though the registration took days, it was later reduced to 24 hours by December 2018. Read on to explore.
Registration Requirement
There are some requirements you are to offer to proceed with the registration of your business under CAC power. Below are some of the necessities:
- Name of your business
- The objective of your business
- Association articles and business memorandum
- CAC 1 form, reservation, and availability of name
- Director’s name and address of the company
- Two passport photographs of each director
- Address of the business principal office
- Name and address of the business principal office
- For tax purposes, you are to fill out the federal Land Revenue service
However, most of the above requirements may be needed of you. Though it is based on the type of your business.
How to Register a Business Name with CAC Online
To register your business name with CAC (Corporate Affairs Commission) online, below are the steps to follow:
- Open your web browser and navigate to their homepage at https://pre.cac.gov.ng/home
- Check to see whether your business name is available for registration.
- If it is made available Make a note of your company’s name.
- Now, click the signup button to open an account with the CAC. Select Make an account
- Make a payment to reserve the business name. A charge of $500 or $5,000 (depending on the type of business or corporation).
- To register your company with your business name availability code, click the pre-incorporation button.
- Fill out the CAC business registration form after logging into your CAC account.
- Then you must pay for the business registration. A charge ranging from $7,500 to 20,000 (depending on the type of business/company).
- Provide original copies of your personal and business documents, then click the “Submit” button.
With the information provided above, you will be able to register your business online.
What Type of Business Can You Register With CAC?
There are specific types of businesses/companies you can register with the CORPORATE Affairs Commission in Nigeria. However, below is the business you can register:
- Companies Limited by Guarantee
- Private Limited Company (LTD)
- Unlimited Companies
- Public Limited Company (PLC)
- Those are the type of businesses you can register with the Corporate Affairs Commission (CAC)
FAQs
Can I Register My Business with CAC Online?
Yes, you can. But you can only do that by navigating to the CAC registration portal. However, you don’t need to make payment to an agent to assist with the enrollment. You will see the enrollment process on the official site.
What does CAC-CRP mean?
This stands for the Corporate Affairs Commission – Company Registration Portal.
How can I Get a CAC-CRP Portal Account Access?
It is easy as visiting services.cac.gov.ng and clicking the ‘Create Account’ button; filling in the form, submitting and your account details would be sent to the email address you entered.
Who Are Accredited Agents?
Accredited agents are individuals or institutions who have been certified by the corporate affairs commission to handle and submit pre- and post-incorporation filings on behalf of individuals and enterprises.
How Much Does It Cost to Register Your Name As CAC?
CAC the official filing fee for registering a business name is N10,700, which involves the remit fee.
