How To Register Small Business With Cac
Steps 1 3 can be completed on the company registration portal crp.
How to register small business with cac. The free registration scheme for businesses will span the entire thirty six states of the federation as well as the federal capital territory fct. These are the steps to follow to register a business name. The federal government has approved the free registration of business names by the corporate affairs commission cac for 250 000 micro small and medium enterprises msmes across the country. Complete pre registration form cac bno1 online using company registration portal. Having your business registered definitely confers some credibility on it given that it then acquires an identity.
Registration steps for business names. Check for availability of the business name click here. The corporate affairs commission cac has given micro small and medium scale enterprises msmes 90 extra days to register their business names at the reduced cost of n5 000. As part of federal government s post covid 19 pandemic survival intervention to support micro and small businesses to formalise their businesses the federal government has approved the free registration of 6 606 business names in each of the 34 states. The first step you need to take to register a business name is to search for the availability of the name.
During the official flag off held in abuja the minister of state for industry trade and investment ambassador mariam katagum said the intervention. Registration of businesses in nigeria is the exclusive responsibility of the corporate affairs commission cac which has its head office in abuja but has branches in most states of the federation. Read more about name reservationand reserve a new name. The business formalisation support component of the msme survival fund has commenced. Last week the federal government of nigeria announced the launch of the national msmes survival fund designed to help cushion the effect of the coronavirus pandemic on the most vulnerable msmes across nigeria.
Registration of a limited liability company will involve you hiring an accredited agent who may be a lawyer or an accountant. It is part of buhari led government s post covid 19 pandemic survival intervention to support micro and small businesses to formalise their businesses. According to him one of the apc led government is to enable smes to register their business names free with the corporate affairs commission cac. Cac free business name registration for 250 000 businesses in nigeria by ogbongeblog staff updated november 1 2020 8 55 am last week the federal government of nigeria announced the launch of the national msmes survival fund designed to help cushion the effect of the coronavirus pandemic on the most vulnerable msmes across nigeria.