Five Easy Steps to Register your Business with Corporate Affairs Commission (CAC)

According to Wikipedia, Business is the practice of making one’s living or making money by producing or buying and selling products. It is also “any activity or enterprise entered into for profit.

In a layman language, Business can also mean buying and selling goods and services and making profit in return.

The CAC was established by the companies and allied Matters Act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria

To register with the Corporate Affairs Commission (CAC) in Nigeria, you will need to follow these steps:

  1. Choose a name for your company: You will need to decide on a name for your company that is unique and has not already been registered by another company. You can check the availability of your chosen name on the CAC website.
  2. Complete the pre-registration form: You will need to complete the CAC pre-registration form which can be downloaded from the CAC website or obtained from any CAC office. This form contains information about your company such as the name, type of business, address, and shareholders.
  3. Pay the necessary fees: You will need to pay the required fees for your company registration. The fees depend on the type of company you are registering and the authorized share capital.
  4. Prepare the required documents: You will need to prepare the following documents for submission to the CAC:
  • A copy of the pre-registration form
  • Memorandum and Articles of Association (MAA)
  • A copy of the identification of each shareholder and director
  • A copy of the passport photograph of each shareholder and director
  • Evidence of payment of the necessary fees
  1. Submit the documents: You can submit the documents to the CAC office or submit them online through the CAC portal. Once the documents have been verified, your company will be registered and a certificate of incorporation will be issued.
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It is important to note that the process of registering a company with the CAC can be complex and it is advisable to seek the assistance of a professional or legal advisor to ensure that the process is completed correctly.