Corporate affairs commission of nigeria business registration guides

Here are the guides for registering a business with the Corporate Affairs Commission (CAC) of Nigeria:

Step 1: Choose a Business Name

• The business name must be unique and not already registered by another company.
• The name must end with one of the following words: Limited, Incorporated, Nigeria Limited, or Private Limited Company.
• You can check the availability of the name on the CAC website or by contacting the CAC office.

Step 2: Choose a Business Structure

• Sole Proprietorship: A business owned by one person.
• Partnership: A business owned by two or more people.
• Limited Liability Company (LLC): A business with limited liability, owned by shareholders.
• Private Limited Company: A business with limited liability, owned by shareholders.

Step 3: Prepare the Required Documents

• Memorandum and Articles of Association (MAA): A document that outlines the company's objectives, powers, and rules.
• Certificate of Incorporation: A document issued by the CAC upon successful registration.
• Business Registration Form (Form CAC 1.1): A form that provides information about the business, including the business name, address, and directors.
• Proof of Address: A document that proves the business address, such as a utility bill or lease agreement.
• Proof of Identity: A document that proves the identity of the directors, such as a valid ID or passport.

Step 4: File the Documents with the CAC

• Submit the required documents to the CAC office in person or through a representative.
• Pay the registration fees, which vary depending on the business structure and type of registration.

Step 5: Obtain the Certificate of Incorporation

• The CAC will review the documents and issue a Certificate of Incorporation if the registration is successful.
• The Certificate of Incorporation is proof that the business is registered and can be used to open a bank account, apply for loans, and conduct other business activities.

Step 6: Register for Taxes

• Register with the Federal Inland Revenue Service (FIRS) for income tax and value-added tax (VAT).
• Register with the State Internal Revenue Service (SIRS) for state taxes.

Step 7: Comply with Other Requirements

• Register with the National Pension Commission (NPC) for pension contributions.
• Register with the National Health Insurance Scheme (NHIS) for health insurance.
• Obtain any necessary licenses and permits from the relevant authorities.

Fees for Business Registration

• Sole Proprietorship: N10,000
• Partnership: N20,000
• Limited Liability Company (LLC): N50,000
• Private Limited Company: N50,000
• Late filing fee: N10,000 per day

Timeline for Business Registration

• The registration process typically takes 2-5 working days.
• The CAC office is open from 9:00 am to 3:00 pm, Monday to Friday.

Contact Information for the CAC

• Address: Plot 420, Tigris Crescent, Off Aminu Kano Crescent, Wuse 2, Abuja, Nigeria.
• Phone: +234 9 461 0444
• Email: [email protected]
• Website: cac.gov.ng

Note: The fees and timeline may vary depending on the CAC office and the type of registration. It is recommended to check with the CAC office for the most up-to-date information.