Are you about starting a business in Nigeria? Or you run an existing business that has not been registered? Do you want to register a business name in Nigeria? Then read on as I explain in detail how to register a business name in Nigeria.
Now for those entrepreneurs who are interested in registering a business name in Nigeria, it is important you know that the CAC is in charge of such task. Now what is CAC and what is its function? The Corporate Affairs Commission (CAC) is the governmental body responsible for registering business names and companies in Nigeria.
How to Register a Business Name in Nigeria Fast and Cheap
Now if you are a self employed entrepreneur or a small business owner, you can register a business name strictly for the purpose of running a sole proprietorship business (one-man business). Such business names usually end with: “Ventures” or “& Sons” or “Enterprises” or “& Co.” Examples of such business names are:
- XYZ Ventures
- ABCD & Sons Barbing Salon
- MNOP Food Enterprises
- XYZ & CO
To register a business name for a sole proprietorship business, all you have to do is walk to the CAC offices located across the states and register your desired business name. Now you may want to know how much it cost to register a business name in Nigeria.
Well, I can’t quote a price here because of the ever changing policy of the CAC. Secondly, the price may also vary if you are registering your business name through a Lawyer. However, I want you to know that the price is very cheap. So what are you waiting for, go get your own business name and stand out from the crowd. I will see you at the top.