Requirements for Consent to Register Group of Company in Nigeria
Group of Company is a combination of 2 or more companies joined together and registered as one. In our previous blog on how to register a group of company with CAC, we mentioned that the word “GROUP” is among the restricted names to use when registering a company with CAC. To use such word in
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Requirements for Registration of Business in Nigeria.
In registering an entity in Nigeria, there are basic requirements you need to provide so as to complete your registration with the Corporate Affairs Commission which is the government body saddled with company registrations and other allied matters. These requirements are so important that without them you cannot complete your registration. In registering a Business
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Non-payment of Annual Returns and the Implications
Annual Returns is a yearly fee paid by companies (Business Name, Limited Liability, Limited Liability Partnership, Incorporated Trustees) registered with Corporate Affairs Commission. Once an entity is registered with CAC, the corporation gives the entity certain grace period after which the entity is expected to pay her annual returns yearly. The grace period for an
Read MoreTypes of Business Registrations in Nigeria
Understanding the various types of business registration done in Nigeria is essential. As an entrepreneur that wants to start his or her entrepreneurial journey, there are many benefits of properly registering your business with the Corporate Affairs Commission in Nigeria. From building credibility and attracting investors, to avoiding tax and legal complications. Now you might
Read MoreCompany Registration (Limited Liability Company)
Limited liability company is a company whose liability are limited by their share capital. What this entails is that if a company’s share capital is 1m then its liability will be limited to 1m only and nothing more. Limited Liability company have directors and shareholders. The shareholders are the real owner of the company while
Read MoreHow to Register POS Business with CAC in Nigeria.
POS simply means Point of Sale. It is a device that is used to process transactions by retail customers. In Nigeria however it is not only used in shops alone but individuals use this device to do other businesses. The POS operators now use the device to do the following: withdrawal, transfer, airtime top-up, payment
Read MoreMinimum Share Capital for Companies in Nigeria
Below is a comprehensive list of the minimum share capital of Companies. Before you register that Limited Liability Company, it is advisable to check out this list to avoid double expenses. Minimum Share Capital is the least capital base of a company as required by the Law. The Share Capital of a company is the
Read MoreHow to Register an Incorporated Trustee with CAC in Nigeria
Registering an Incorporated Trustee with CAC in Nigeria is not much difference with other entities. Incorporated Trustees is provided for in the Companies and Allied Matters Act 2020 (CAMA). It is classified under PART C of CAMA and the sections that talked about it extensively is Sections 590-596. The CAMA defines Incorporated Trustees in Sec
Read MoreGuidelines to Business and Company Registration in Nigeria.
Registering a company in Nigeria was once a tedious and stressful process. The federal body responsible for the registration of companies and businesses in Nigeria is Corporate Affairs Commission (CAC). Before now the registration of company was done manually and you must be present in their offices to start and complete the process. The process
Read MoreHow to Upgrade your Business Name to a Limited Liability Company
Every individual starting up a business will always want to start off the business in a legitimate and legalized way and so most people opt for Business Name registration (Enterprise) because it’s cheap . As time goes on and as they progress in business, such fellow discovers that Business Name also known as One-man-business has
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