Running a business without officially registering it with the CAC is like a ticking time bomb. It doesn’t matter how long it takes, one day the timer is likely to run out. The question is will your business still be standing when that happens?
In the past, business registration in Nigeria was a long and cumbersome process that spanned several weeks. You had to deal with tedious paperwork and confusing legal terminology, so understandably, it often got postponed until it was sometimes too late.
Why is business registration in Nigeria important?
Opportunities with Investors:
If you’re seeking any kind of funding – grants, equity capital or even business loans, registering your business is non-negotiable. It’s difficult for investors to trust you if you haven’t done the due diligence of registering your business with the C.A.C.
Open a business account:
Opening a business account is important to communicate credibility to your customers and also to properly manage your business finances. But you will not be able to open a business account without registering your business as it is one of the mandatory requirements.
Transact legally:
It doesn’t matter how long you’ve been operating, if your business has not been registered then in the eyes of the law, it doesn’t exist. This opens you up to all kinds of possible issues, it also means that in case of a legal dispute, you lack protection from the law.
Where to do business registration in Nigeria
On Glade, you can get your business registered quickly and with ease!
We offer 2 types of business registrations: – ‘’business name’’ also known as sole proprietorships or enterprises, and ‘’limited liability’’ (company incorporation).
When you register your business with Glade, we spare you the hassle by cutting short the long processes and handling all the paperwork
It takes 5-7 working days, subject to Corporate Affairs Commission guidelines and additional requests.
What are the documents required for business registration in Nigeria?
To register a business name, we would require the following:
- A valid Government ID (international passport, driver’s license, resident permit, National ID card or permanent voter’s card).
- Three proposed business names
- A business email
- A business address
To register a company, we would require the following:
- A valid Government ID (international passport, driver’s license, resident permit, National ID card or permanent voter’s card).
- Three proposed business names
- Business email
- Business address
- Director’s information
How much will it cost to do my business registration on Glade?
For a business name, the registration fee is N21,999 only. To register a company, the registration fee is N69,999 only.
The documents you will receive are:
For enterprises:
– CAC Approval note
– Business Name Certificate
– Registration forms
For limited liability:
- CAC Approval note
- Company Incorporation Certificate (With Tax identification number)
- Registration form
- Memorandum of Association
If you’re ready to register your business, you can do that now on Glade. Have an already registered business? Open a business account now in 5 minutes.