How to register your business in Nigeria*.
Having your company or business registered confers some credibility on it. This gives the business a unique identity. Registration of businesses in Nigeria is the responsibility of the Corporate Affairs Commission, which has its head office in Abuja but has branches in most states of the federation. The CAC accredits the following categories of professionals for the registration exercise: the lawyers, chartered accountants and chartered secretaries. You need to engage the service of one those professionals to register your business. It is, however, important you understand the issues involved and the choices you have to make. For instance, you need to decide on a business name, business type, issues relating to membership and ownership of a business etc, to avoid making mistakes. According to CAC, registration is divided into three parts under the Companies and Allied Matters Act. They include registration of business names, incorporation of companies and registration of incorporated ...