Learn how to register a business name in Nigeria with this step-by-step guide. Discover the requirements, costs, and benefits of CAC registration to legally establish your business.
Registering a business name in Nigeria has become a straightforward process thanks to the Corporate Affairs Commission (CAC). You can complete the entire process online in just a few days without needing an agent or lawyer. This guide walks you through each step, from name reservation to obtaining your official certificate of registration.
Understand Your Business Structure
Before registering your business, you need to choose the right structure. Nigeria offers different types of business structures, including:
- Business Name – Suitable for sole proprietorships and small businesses.
- Partnership – Includes general, limited, and limited liability partnerships.
- Company Limited by Shares – Can be private or public, suitable for larger businesses.
- Unlimited Company – Can be public or private, with no limit on owners’ liability.
- Incorporated Trustees – Used for NGOs, religious organizations, and associations.
For most small and medium-sized businesses, a Business Name registration is the best option. If your business grows, you can later upgrade to a company structure.
See Also: CAC Verify: How to Verify a CAC Certificate Online in Nigeria
Business Name Registration Requirements
To register your business name, you will need the following:
- Two proposed business names
- Business nature and objectives
- Full name, date of birth, and occupation
- Contact information (email, phone number)
- Home and business address
- A valid identification document
- A passport photograph
- Your signature on a piece of paper
Cost of Business Name Registration
The total cost of business name registration is ₦10,500, which includes:
- ₦500 for Name Reservation (to ensure your business name is unique)
- ₦10,000 for Business Name Registration
How to Register a Business Name: Step-by-Step Registration Process
1. Visit the CAC Website
Go to www.cac.gov.ng – This is the official website of the Corporate Affairs Commission.
2. Conduct a Name Search
- Use the Name Search tool to check if your business name is available.
- If available, proceed with Name Reservation (₦500 fee).
- Name reservation is usually approved within 24 hours.
3. Fill Out the Business Registration Form
Once your business name is reserved:
- Provide all required details (business nature, owner information, address, etc.).
- Upload scanned copies of required documents (ID, passport photo, signature).
- Submit the application and pay the ₦10,000 registration fee.
4. Wait for Approval
- Business name approval usually takes two working days.
- If approved, you will receive a Status Report and your official Certificate of Registration.
5. Download Your Certificate
- Once approved, log in to your CAC account.
- Download and print your Business Name Registration Certificate.
See Also: How to Get a SMEDAN Certificate (Step-by-Step Guide)
Final Thoughts
Registering your business name online in Nigeria is a simple process that you can complete in just three working days. By following these steps, you can legally establish your business without hiring an agent or lawyer.
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If you plan to expand your business in the future, you can upgrade to a company structure, but for now, a Business Name registration is enough for most entrepreneurs.
Start your journey today by visiting www.cac.gov.ng.