If you have a business, an enterprise in Nigeria and you are searching online on how to register your business name, then this post is for you.
According to Nigeria Corporate Affairs Commission (CAC), the process of registering businesses in the country has been simplified. You don’t need a lawyer, or a third party to carry out the registration. All you need is to follow the instructions and you automatically have a business legally registered in Nigeria.
Note: The Advantage of registering your business in Nigeria is that no other person, business or establishment is allowed to use your name or trade mark in the eyes of the law unless you permit such person(s).
Steps On How to Register a Business Name in Nigeria
1. Choose a business name
Choosing the right business name is very important when you want to register an enterprise in Nigeria. In this regard, decide carefully on what business name you want to use for registration. It is best you go for names that are similar to the products you want to sell or services you would like to render.
2. Apply at Corporate Affairs Commission Office
After choosing the right business name, the next step is to visit the Corporate Affairs Commission where you will be given a business name search form (Form008) to fill. To fill the form, you will have to pay N500, though it might change with time. The purpose of this form is to know whether your business name is available.
Fill in your details on the form as instructed. If you don’t understand any of the sections on the form, do ask questions for clarification. After filling in the form appropriately, you submit it.
3. After some days, visit the Corporate Affairs Commission again
It normally takes about a week to do the business name search. There may be a tendency that your business name is might not be available. If this is so, repeat step one to three. If it is available, request for the Registration of Business Form (Form001).
After you fill it, you would be expeceted to pay the sum of Ten thousand naira only (N10,000). You would then collect forms for attestation and affidavit. Visit any court closer to you, pay the sum of N500 for the court’s magistrate endorsement.
4. You are set
You can now collect your business name certificate of registration from the CAC and you are done registering your business name.
I hope you found this little procedure to register your business name in Nigeria interesting. If you have questions, use the comment section below. Goodluck