How To Register Your Business In Nigeria - A Step-By-Step Guide

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This post was originally published by the same author in fertilenigeria.com. I had to republish it here because of its relevancy to the targeted audience.
  
Do you have a business or want to establish one? Consider registering your business name today with the Nigerian Corporate Affairs Commission. You can register your business name in Nigeria with or without a Lawyer. Just follow the instructions below. After registration, your business becomes your sole property. Your registered business name is one of your most important business

assets and automatically there is a trademark protection to the business in the state and federal level. No other person will be allowed to use your business name for any commercial transaction without your direct or indirect consent.  The process of business name registration is very simple and straight forward.

How to Register a Business Name in Nigeria

1. Choose your business name: Take your time and be sure that your business name is highly related to the product you want to produce/sale and/or services you want to render. Choose your business name wisely. Read onHow to Name Your Business
2. Visit Corporate Affairs Commission (CAC): At the CAC, you will be given a business name search form (Form008). This form is used to search for business name availability. Fill in the form appropriately and submit it. Payment of filling fees at the corporate affairs commission at the time of writing this article is N500.  This form acts as an application for business name registration and should clearly state the business name that you intend to register.
3. Visit Corporate Affairs Commission (CAC) after some days: business name search usually takes about a week. If your business name is not available you repeat step 1-3. If your proposed business is available, Collect another form called Registration of Business Name (Form001), fill it and proceed to payment of the registration fee which at this time cost N10, 000 only. Upon payment of the registration fee, collect affidavit/attestation form and proceed to the any magistrate court nearer to you for endorsement by the court magistrate. Here you will pay N250 only as court fees.
4. Collect your business name certificate of registration. You are done with business name registration in Nigeria. You can then think about incorporating it to either Ltd or PLC.

This article was written based on experience from the writer. I hope it will be very useful to you. Should you have any comment, questions or feedback, please share with us. We will be glad to hear from you. We usually publish leading articles that can help you discover hidden opportunities in Nigeria. Consider subscribing to our newsletter to receive our fresh post once we publish.

Credit:  Ifiokobong Ibanga