How to Register Your Business Name in Nigeria

Are you looking to register your business name with the Corporate Affairs Commission (CAC) in Nigeria?

For business owners in Nigeria, it is important to get your business registered in other to establish legal recognition and gain a competitive edge in the market. Business registration formalizes your business and also helps protect your personal assets, increase credibility, and allow you to open a corporate bank account.

In this guide, we’ll walk you through the step-by-step process of registering your business name with the Corporate Affairs Commission (CAC), how you can choose a unique name, the process to receive your registration certificate with ease.

Step 1: Pick a Business Name and Check Availability

Start by choosing a unique and relevant name for your business. To see if it’s available, head over to the Corporate Affairs Commission (CAC) website at https://search.cac.gov.ng/home. If the name is available, you’re good to proceed.

Step 2: Reserve Your Business Name

Next, you’ll need to reserve your business name. Log in or create an account on the CAC portal at https://pre.cac.gov.ng/. Pay a ₦700 fee to reserve your name, and you’ll be asked to provide two options for your business name—one will be selected. Make sure to choose the correct category, whether it’s a sole proprietorship or a new incorporation. If the name isn’t approved, you’ll need to submit new options and pay the fee again.

Step 3: Fill Out the Pre-Registration Form

Now, it’s time to fill out the pre-registration form. Depending on your business structure, gather all required details, such as your National Identity Number (NIN). You’ll also need information like the approved business name, business type, principal business address, start date, passport photos of owners, and any necessary proficiency certificates.

Step 4: Pay Registration Fees

The official registration fee is ₦10,500, with an additional ₦1,500 for bank charges, totaling ₦12,000. You can make this payment through the CAC portal or directly at a bank. After payment, print out the required documents, attach your passport photos, and sign them.

Step 5: Upload Your Documents

Upload all necessary documents, such as your ID card, passport photo, and signature. You’ll also need to scan and upload the signed pre-registration form. The CAC will review your application, and if everything checks out, you’ll be notified of the approval.

Step 6: Receive Your Registration Certificate

Lastly, submit the original signed documents to the CAC office to receive your certificate and certified copies of your registration documents.

Congratulations! Your business is now officially registered in Nigeria.

Why Registering Your Business Matters

Registering your small business in Nigeria offers many benefits. It enhances your credibility with investors, as they are more likely to trust a registered business. It also protects your personal assets—only your business assets are at risk in the event of a lawsuit.

In addition, you’ll be able to open a corporate bank account, which separates your business and personal finances, making it easier to manage your money and present a more professional image. Registration also builds trust with customers and suppliers, as it shows you’re operating legally and ethically.