Monday, August 20, 2018

Business Name Registartion in Nigeria

Most Business in Nigeria are required under the law to be registered with the Corporate Affairs Commission (CAC) and non-compliance may attract legal sanctions, the body saddled with the responsibility of registration of businesses is the Corporate Affairs Commission abd they have offices in various locations in each States.

There are many advantages to be derived from registering your business or Company or Club/Church/Mosque, one of which is that your organization now have a corporate existence and recognized under the law as a separate entity with its own corporate rights, You will also be able to open a current Account with any bank, another advantage is that you can access loan with banks and other financial institutions, also most corporate entity will not want to do business with you until your company/organisation is dully registerered.

What then are the steps and procedures of registering you may ask? well its not too cumbersome as everything nowadays is been done online, while the certificate can be collected at the State office of your locality once every rules have been adhered to.

Organizations that are being registered with CAC are broadly divided into 3 categories:
a. One-Man Business/Sole proprietorship
b. Company-Either private or public
c. Incorporated Trustees-Club/Church/Mosque etc.

You should be careful not to be a victim of fraudsters who dupe people of their hard earned money in the name of Registering their business name. if all is done by someone who know what he is doing the whole thing should be ready in three weeks.

You can contact us at Paragon Global-Tech Multiservices  Reg NO:2551465 (Business Development Division), No 19, Ibadan Road, opp First Bank, Ijebu Ode, Ogun State....Call or chat 08077454544

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