CAC-Pre Incorporation
CAC Business Name Registration
Registering your business name with the Corporate Affairs Commission (CAC) is a crucial step in establishing a legal foundation for your business in Nigeria. This process provides your business with a unique identity, protects your brand, and ensures compliance with Nigerian business laws.
Why Register Your Business Name?
- Legal Recognition: Officially registering your business name provides legal protection, preventing others from using the same name.
- Brand Credibility: A registered business name enhances your credibility with clients, suppliers, and potential investors.
- Operational Benefits: It allows you to open a business bank account, enter into contracts, and comply with tax regulations.
- Compliance: Ensures that your business adheres to all regulatory requirements, reducing the risk of legal issues.
Our Services Include:
- Name Availability Search: We conduct a thorough search to ensure your desired business name is available and meets CAC guidelines.
- Documentation Preparation: We handle all the necessary paperwork and documentation for a smooth registration process.
- Application Submission: Our team submits your application to the CAC and follows up to ensure timely processing.
- Certificate Delivery: Once approved, we provide you with the official business name registration certificate.
At Belegit Solutions, we simplify the business name registration process, allowing you to focus on building your business. Contact us today to get started!
Frequently Asked Questions
About registering a business name in Nigeria
No, a foreigner (anyone without a Nigerian means of identification) cannot register a business name. However, they can incorporate a Limited Liability Company (LLC) with a minimum share capital of 100 million Naira.
A business name registration is simpler and suited for sole proprietorships or partnerships, while an LLC offers limited liability protection and a more formal business structure.
If your desired business name is already in use, you will need to choose an alternative name that meets CAC guidelines, or add more words (UNIQUE WORDS) to sufficiently differentiate. Belegit Solutions can help you with this process.
While not mandatory, having a lawyer or a business formation agency like Belegit Solutions can simplify the process and ensure all legal requirements are met.
After registration, you should open a business bank account, register for tax purposes, and comply with other regulatory requirements to ensure your business operates legally.
To register a business name in Nigeria, you need to conduct a name availability search, fill out the necessary forms, provide required documentation, and submit the application to the Corporate Affairs Commission (CAC).
Requirements typically include a completed application form, proof of identity (e.g., passport or national ID), and proof of address. Additional documents may be needed depending on your business type.
The cost varies depending on the type of business and specific requirements. It generally includes official CAC fees and may also involve service fees if you use a business formation agency like Belegit Solutions.
The registration process usually takes a few days. Depending on the complexity of your application and the workload at the CAC.
Yes, CAC allows for online registration of business names. However, Belegit Solutions can take the stress off you by assisting you with the entire online registration process.
CAC Registration: LTD, PLC, ULTD, and LTD/GTE
Registering a business entity with the Corporate Affairs Commission (CAC) is essential for establishing a legal and operational foundation in Nigeria. Different business structures serve various purposes and offer distinct advantages. Here, we focus on Limited Liability Companies (LTD), Public Limited Companies (PLC), Unlimited Companies (ULTD), and Limited by Guarantee Companies (LTD/GTE).
Limited Liability Company (LTD): A Limited Liability Company (LTD) is the most common business structure in Nigeria. It limits the liability of its shareholders to their investment in the company, making it an ideal choice for small to medium-sized enterprises.
Public Limited Company (PLC): A Public Limited Company (PLC) can offer its shares to the public and is suitable for larger businesses looking to raise capital through public investment. It has stricter regulatory requirements compared to an LTD.
Unlimited Company (ULTD): An Unlimited Company (ULTD) does not limit the liability of its shareholders. Shareholders are liable for the company’s debts, making it less common but suitable for certain types of businesses.
Company Limited by Guarantee (LTD/GTE): A Company Limited by Guarantee (LTD/GTE) is typically used by non-profit organizations. Instead of shareholders, it has members who guarantee to contribute a specified amount towards the company’s debts if it is wound up.
Our Services Include:
- Name Availability Search: Ensuring your desired company name is available and compliant with CAC guidelines.
- Documentation Preparation: Handling all necessary paperwork for seamless registration.
- Application Submission: Submitting your application to the CAC and monitoring its progress.
- Certificate Delivery: Providing you with the official certificate upon successful registration.
At Belegit Solutions, we offer comprehensive services to help you choose and register the right business structure for your needs. Contact us today to get started!
Frequently Asked Questions
About registering an LTD, PLC, ULTD, LTD/GTE in Nigeria
An LTD is a private company with limited liability for its shareholders, suitable for small to medium-sized businesses. A PLC is a public company that can offer shares to the public and is subject to stricter regulations.
To register an LTD, you need to conduct a name availability search, prepare necessary documents, submit an application to the CAC, and obtain a certificate of incorporation
Requirements include a minimum share capital, a memorandum and articles of association, details of directors and shareholders, and compliance with CAC regulations.
Yes, a foreigner can register an LTD in Nigeria, but it requires a minimum share capital of 100 million Naira and compliance with specific regulatory conditions.
An Unlimited Company (ULTD) is a type of business entity where the shareholders have unlimited liability for the company’s debts, making it less common than LTDs and PLCs.
An LTD/GTE is limited by guarantee and typically used for non-profits. It does not have shareholders but members who guarantee to contribute a specified amount towards the company’s debts.
The process involves conducting a name search, preparing the memorandum and articles of association, filling out the CAC forms, and submitting the application along with the required documents.
The registration process for a PLC can take several days due to the need for compliance with stricter regulations and verification processes.
Documents typically include the memorandum and articles of association, details of directors and shareholders, and proof of identity and address.
An LTD/GTE is ideal for non-profits because it limits liability, does not require share capital, and aligns with the operational and financial goals of non-profit entities.
CAC Incorporated Trustees
Registering an Incorporated Trustee with the Corporate Affairs Commission (CAC) is a vital step for non-profit organizations, religious groups, foundations, and associations in Nigeria. This legal structure allows organizations to operate as legal entities, providing them with a framework for governance and accountability.
What is an Incorporated Trustee? An Incorporated Trustee is a legal entity formed for non-profit purposes, such as religious, educational, charitable, or social activities. Unlike commercial enterprises, Incorporated Trustees do not distribute profits to members but reinvest them in their mission.
Benefits of Registering as an Incorporated Trustee:
- Legal Recognition: Grants your organization a legal identity, allowing it to own property, enter contracts, and sue or be sued in its name.
- Perpetual Succession: Ensures continuity of the organization irrespective of changes in membership.
- Tax Exemption: Qualifies the organization for certain tax exemptions and benefits.
- Credibility: Enhances trust and credibility with donors, partners, and stakeholders.
- Governance: Provides a structured framework for governance and accountability.
Our Services Include:
- Name Availability Search: We ensure your desired name is available and compliant with CAC guidelines. and apply for RG’s consent
- Documentation Preparation: Handling all necessary paperwork, including the constitution, aims and objectives of the organization, newspaper publication, trustees’ declaration forms, and other required documents.
- Application Submission: Submitting your application to the CAC and following up on its progress.
- Certificate Delivery: Providing you with the official certificate and other incorporation documents upon successful registration.
At Belegit Solutions, we simplify the process of registering Incorporated Trustees, allowing you to focus on your mission. Contact us today to get started!
Frequently Asked Questions
About registering an an incorporated trustee eg, Religious bodies, NGO, Clubs, Association etc in Nigeria
The process involves conducting a name availability search known as RG’S consent, preparing necessary documents (including constitution, newspaper publication), filling out CAC forms, and submitting the application along with the required documents.
Requirements typically include a completed application form, proof of identity of trustees, trustee declaration forms, aims & objectives among others.
The registration process usually takes several weeks to a few months, (4 to 6 weeks) depending on the complexity of the application and the workload at the CAC. And also beacuse of the 28 days mandatory newspaper publication
No, foreigners cannot be trustees, However, there are exceptions. One of which, is if the foreigner has a valid resident permit and meet any additional requirements set by the CAC.
A minimum of two trustees is required for the registration of an Incorporated Trustee in Nigeria.
Yes, Incorporated Trustees are required to file annual returns with the CAC to maintain their legal status and compliance.
Yes, there are official CAC fees for the registration process, as well as possible service fees if you use a business formation agency like Belegit Solutions. along with the required documents.
Benefits include legal recognition, perpetual succession, tax exemptions, enhanced credibility, and a structured governance framework.
If your desired name is already in use, you will need to choose an alternative name that meets CAC guidelines. Belegit Solutions can assist you in finding an appropriate name.
Changes to the trustees must be filed with the CAC, along with the relevant documentation and resolutions passed by the organization. Belegit solutions can assist you with this post incorporation filing and more.