How to Register Your Business with CAC in Nigeria: A Beginner’s Guide (2025)

Starting a business in Nigeria is a commendable step toward financial independence and economic contribution. However, before any business can legally operate within the country, it must be properly registered.

Registering a business not only gives it a legal identity but also builds credibility with customers, partners, investors, and government agencies.

In today’s increasingly formalized economy, many financial institutions and regulatory bodies require proof of registration before offering support or entering into transactions with any business. This makes registration not just a formality but a necessity for serious entrepreneurs.

In Nigeria, the body responsible for registering and regulating businesses is the Corporate Affairs Commission (CAC). Established by the Companies and Allied Matters Act (CAMA), the CAC is the sole government agency tasked with overseeing the formation and management of all types of businesses, including sole proprietorships, partnerships, limited liability companies, and incorporated trustees.

Whether you’re a small-time fashion designer, tech startup founder, or aspiring import-export trader, your journey to becoming a recognized business entity begins at the CAC.

This article will walk you through everything you need to know about registering a business in Nigeria. We’ll explore why registration is important, the different types of business structures you can register under, and the benefits that come with each.

We will also break down the step-by-step registration process, from choosing a business name to getting your official certificate of incorporation. Additionally, we’ll highlight the documents required, common challenges applicants face, and helpful tips to ensure a smooth registration experience.

By the end of this guide, you’ll have a clear understanding of how business registration works in Nigeria and how it can unlock opportunities such as bank loans, grants, contracts, and government support. Whether you’re a new entrepreneur or looking to formalize an existing venture, this guide is your first step toward legal recognition and long-term success.

What is the CAC and Why Registration Matters

The Corporate Affairs Commission (CAC) is the official government agency in Nigeria responsible for the regulation and management of companies and businesses.

It was established under the Companies and Allied Matters Act (CAMA) to oversee the incorporation, registration, and regulation of various types of business entities in Nigeria, including sole proprietorships, partnerships, private limited companies, and incorporated trustees.

The CAC plays a central role in ensuring that businesses operate within the legal framework of the country and comply with set corporate governance standards.

One of the primary reasons why business registration through the CAC is important is because it grants legal recognition to your business. Once registered, your business becomes a separate legal entity, particularly in the case of limited liability companies.

This means your business can own assets, enter into contracts, sue or be sued in its own name, and enjoy other legal rights independent of the owner. This legal structure provides protection to business owners by limiting their personal liability in case of business debts or lawsuits.

Beyond legal protection, registration enhances your credibility and trustworthiness. In today’s business environment, many clients, corporate partners, and government agencies will only transact with registered businesses.

It also opens doors to financial opportunities, such as securing business loans, grants, and participating in government or corporate contracts. Many funding organizations and banks require a CAC certificate and a registered business account before disbursing funds.

Moreover, registration is not optional—it is mandatory for legal operation in Nigeria. Operating a business without registering with the CAC may result in penalties, business closure, or missed opportunities. It also exposes entrepreneurs to unnecessary risks, as unregistered businesses lack legal backing in disputes.

In essence, registering your business with the CAC is a foundational step toward building a secure, recognized, and growth-ready venture in Nigeria. It sets the stage for long-term success, professionalism, and compliance with Nigerian laws

Types of Business Structures You Can Register

When registering a business in Nigeria through the Corporate Affairs Commission (CAC), it’s important to understand the different types of business structures available. Each structure has unique features, legal implications, and suitability depending on your business goals, size, and long-term plans. Here are the main types you can register:

1. Business Name (Sole Proprietorship or Partnership)

This is the simplest and most common form of business registration in Nigeria. A business name is usually registered by a single individual (sole proprietorship) or a group of people (partnership) who want to operate under a recognized name without forming a separate legal entity.

• Sole Proprietorship is ideal for individuals running small businesses such as hair salons, fashion boutiques, or freelance services. The owner is personally responsible for the business’s debts and obligations.

• Partnership allows two or more people to run a business together and share profits and liabilities. It’s suitable for small firms such as law practices, clinics, or family-run ventures.

This structure is best for startups, informal businesses, and entrepreneurs who want a low-cost entry into the business world.

2. Limited Liability Company (LLC)

A Limited Liability Company is a separate legal entity from its owners (referred to as shareholders). It can be a private or public company. Private LLCs are the most common for small to medium-sized businesses.

LLCs provide limited liability protection, meaning the owners are not personally liable for business debts. This structure is best suited for businesses looking to scale, raise capital, attract investors, or protect their personal assets.

3. Incorporated Trustees

This structure is used to register non-profit organizations, such as NGOs, religious bodies, associations, clubs, and foundations. The organization exists for charitable, religious, educational, or social purposes rather than profit-making.

Incorporated Trustees are ideal for individuals or groups looking to create an impact through community service, advocacy, or faith-based missions. It gives your organization a formal structure, legal backing, and credibility to receive donations and grants.

Choosing the right structure is crucial to your business’s success, and each option serves a different need depending on your goals.

Requirements for CAC Registration

Before you can officially register your business with the Corporate Affairs Commission (CAC) in Nigeria, there are several key requirements and documents you need to prepare.

Whether you’re registering a sole proprietorship, a limited liability company, or an incorporated trustee, having the correct information ready will make the process faster and smoother. Below are the essential requirements for CAC registration:

1. Valid Business Name

The first step is to choose a unique business name that is not already in use. You’ll need to conduct a name availability search on the CAC portal to ensure the name you want is available and does not conflict with existing registered businesses. Once approved, the name is reserved for you for a limited time during the registration process.

2. Full Names and Means of Identification

The business owner(s) or directors must provide their full legal names as they appear on their official documents. A valid means of identification is also required. Accepted IDs include:

• National Identification Number (NIN)

• International Passport

• Driver’s License

• Permanent Voter’s Card

These documents help verify the identity of the people behind the business.

3. Passport Photographs

Recent passport-sized photographs of all individuals involved in the business (such as proprietors, directors, or trustees) must be provided. This is especially required for physical documentation and personal identification.

4. Business Address and Objectives

You must provide a valid physical address where the business will operate. This should be a reachable location within Nigeria. Additionally, a clear description of your business objectives or nature of business must be included—this outlines what your business intends to do, whether it’s trading, consulting, manufacturing, or service provision.

5. Email Address and Phone Number

A working email address and phone number of the business owner(s) are necessary for correspondence and official communications from the CAC. These contacts are also used to receive notifications and track the registration status.

Having all these requirements in place ensures your CAC registration process is efficient, legitimate, and compliant with Nigerian business laws.

Step-by-Step Guide to Register Your Business

Registering your business with the Corporate Affairs Commission (CAC) in Nigeria has become more accessible thanks to the fully digitized process. Whether you’re a small business owner or starting a limited liability company, you can complete your registration entirely online. Below is a simple, step-by-step guide to walk you through the CAC registration process:

Step 1: Create an Account on the CAC Portal

Start by visiting the CAC’s official registration portal at https://pre.cac.gov.ng. You’ll need to create a user account using a valid email address and phone number. This account gives you access to the registration dashboard where you can manage your business applications.

Step 2: Search and Reserve Your Business Name (₦500)

Once logged in, conduct a name availability search to ensure your desired business name hasn’t been taken. If the name is available, proceed to reserve it by paying a ₦500 reservation fee. If approved, the name will be held for you for 60 days, giving you time to complete your registration.

Step 3: Fill Out the Registration Form

After your business name is reserved, you’ll fill out the appropriate registration form based on your chosen business structure (e.g., Business Name, LLC, or Incorporated Trustees). This includes providing details such as business address, owner/director information, objectives, and share structure (for companies).

Step 4: Upload Necessary Documents

Upload all required documents, including:

• Valid ID for each proprietor or director

• Passport photographs

• Signature samples

• Other specific forms (e.g., Memorandum and Articles of Association for companies)

Ensure all documents are clear and correctly labeled.

Step 5: Pay Registration Fees Online

Next, pay the required registration fee, which varies depending on the type of business. For example, registering a business name typically costs between ₦10,000 and ₦15,000, while LLCs cost more depending on share capital.

Step 6: Download Your Certificate of Registration and Status Report

Once your application is approved by the CAC, you’ll receive a notification via email. You can then log in to your dashboard to download your Certificate of Registration and Status Report. These documents serve as proof that your business is officially registered and can now operate legally in Nigeria.

By following these steps, you can complete your CAC registration without the need for a third-party agent, saving both time and money.

Costs and Duration

Registering a business with the Corporate Affairs Commission (CAC) in Nigeria involves certain fees and processing timelines, which vary depending on the type of business structure you choose. Understanding the cost breakdown and expected duration can help you plan your registration process more effectively and avoid unnecessary delays.

1. Name Reservation – ₦500

The first cost involved in the registration process is the business name reservation fee, which is ₦500. This step allows you to secure your desired business name for up to 60 days while you complete the rest of the registration. It’s a crucial first step to ensure no one else takes the name while you’re preparing your documents.

2. Business Name Registration – Approx. ₦10,000

If you’re registering a Business Name (sole proprietorship or partnership), the cost is relatively low. The typical fee ranges from ₦10,000 to ₦12,000, depending on additional services you may choose (e.g., courier, legal assistance). This option is best for small businesses, freelancers, and informal entrepreneurs.

3. Company Registration – ₦20,000 to ₦50,000+

For those registering a Limited Liability Company (LLC), the fees are higher and depend on the authorized share capital. A small-scale company with share capital under ₦1 million might cost around ₦20,000 to ₦25,000.

However, as your share capital increases (especially over ₦1 million), fees can rise to ₦50,000 or more. These charges cover filing fees, stamp duties, and other processing costs.

4. Timeline – 3 to 7 Business Days

On average, if all documents are properly submitted and there are no errors or issues, the entire registration process can be completed within 3 to 7 business days. Delays can occur due to document errors, payment issues, or network downtime, but the process is generally quick and efficient, especially with online applications.

By budgeting appropriately and ensuring you meet all requirements, you can register your business smoothly and begin operating legally in no time.

Common Mistakes to Avoid

While registering a business with the Corporate Affairs Commission (CAC) in Nigeria has become easier thanks to its digital platform, many entrepreneurs still make simple mistakes that can delay or even derail their registration process. Being aware of these common errors can save you time, money, and unnecessary stress. Below are key mistakes to watch out for:

1. Picking a Name Similar to an Existing Brand

One of the most frequent errors is choosing a business name that closely resembles that of an already registered company or a well-known brand. The CAC strictly prohibits the registration of names that are identical or confusingly similar to existing businesses.

This is done to avoid legal disputes and protect intellectual property rights. Before submitting your name, conduct a proper availability check on the CAC portal and consider alternative names in case your first choice is rejected.

2. Submitting Incorrect or Incomplete Documents

Uploading wrong or unclear documents is another major cause of delay. This includes submitting expired IDs, unclear passport photographs, or unsigned forms.

Ensure all documents—such as means of identification, passport photos, and address verification—are accurate, current, and clearly scanned. Mistakes in these documents may lead to rejection or additional verification steps, dragging out the registration timeline.

3. Not Specifying the Correct Business Objectives

Your business objectives describe what your business intends to do, and they play a critical role in your registration. Many applicants either leave this section too vague or select objectives that do not align with their actual business activities.

This can create problems later, especially when applying for licenses, opening bank accounts, or bidding for contracts. Be clear, concise, and truthful when stating your business goals and operations.

Avoiding these common mistakes ensures a smoother and faster registration process. Take the time to double-check your documents, choose a unique name, and accurately describe your business. It’s better to get everything right the first time than to face avoidable setbacks later.

After Registration – What’s Next?

Congratulations! Once your business is officially registered with the Corporate Affairs Commission (CAC), you’ve taken a big step toward becoming a legally recognized entity in Nigeria. However, registration is just the beginning.

There are several important steps you need to take after receiving your CAC certificate to fully operationalize and legitimize your business in the eyes of government agencies, banks, and clients. Here are the key actions to take next:

1. Get Your Tax Identification Number (TIN)

The next crucial step after CAC registration is obtaining your Tax Identification Number (TIN). This is a unique number issued by the Federal Inland Revenue Service (FIRS) to identify your business for tax purposes.

It’s required for opening a business bank account, issuing receipts, and fulfilling your tax obligations. TIN registration is free and can be done online or at the nearest FIRS office.

In some cases, your TIN may be generated automatically alongside your CAC certificate if your registration was done recently via the upgraded CAC platform.

2. Open a Corporate Bank Account

With your CAC certificate and TIN in hand, you can proceed to open a corporate bank account. This is important for separating your personal finances from your business income. Banks will typically request:

• Your CAC Certificate

• TIN document

• Valid ID of directors/proprietors

• Passport photographs

• A utility bill or proof of business address

A business account adds professionalism and allows you to receive payments from clients, access loans, and manage your finances transparently.

3. Register with Other Relevant Bodies

Depending on your business type and industry, you may need to register with additional regulatory or support bodies. Common ones include:

• FIRS: For VAT registration and tax compliance

• SMEDAN: The Small and Medium Enterprises Development Agency of Nigeria provides support, training, and access to government grants or funding

• NSITF, PENCOM, ITF: For businesses with employees, these organizations help ensure compliance with labor and pension laws

By completing these post-registration steps, you position your business for growth, credibility, and access to financial and regulatory support in Nigeria’s business environment.

Conclusion

Taking the step to register your business is one of the most important decisions you can make as an entrepreneur in Nigeria. Beyond just formality, registration gives your business a legal identity, increases its credibility, and opens doors to funding, contracts, and partnerships.

Whether you’re running a small retail shop, offering services, or building a startup, formalizing your operations sets you apart as a serious and trustworthy player in the business world.

Thankfully, registering your business is no longer a complicated or stressful process. The Corporate Affairs Commission (CAC) has made it easier than ever by digitizing the entire registration process.

Through the CAC’s official online portal, you can now carry out name reservations, complete registration forms, upload documents, and download your certificate—all from the comfort of your home or office. This convenience means you can become fully registered within days without needing to pay agents or deal with long queues.

If you’ve been running an unregistered business or thinking of starting one, now is the perfect time to take action. Don’t wait until you’re denied a loan, miss a grant opportunity, or lose a contract because your business isn’t properly documented. Start the journey today by visiting https://pre.cac.gov.ng and taking that bold step toward legality and long-term success.

Formal registration is not just a requirement—it’s a powerful investment in your business future.

FAQs

How much is CAC registration in Nigeria in 2025?

The cost of CAC registration in Nigeria in 2025 depends on the type of business structure you choose. The most common type for small businesses is a Business Name (BN) registration, which is also the most affordable.

As of 2025, registering a Business Name typically costs ₦10,000 if done directly through the official Corporate Affairs Commission (CAC) portal.

However, if you go through agents, law firms, or third-party platforms, the price may rise to between ₦15,000 and ₦30,000, depending on the level of service and documentation they provide.

For other structures like Private Limited Companies (LTD) or Incorporated Trustees (NGOs, Churches, etc.), the fees are higher.

Registering a Private Limited Company with a share capital of ₦1 million or less costs ₦50,000, excluding stamp duties and professional fees. For Incorporated Trustees, the cost starts at ₦30,000 but can rise depending on the complexity of the registration.

Apart from these base fees, there are also optional costs such as name reservation (₦500), filing fees, stamp duty charges, and courier fees if you require delivery of physical documents

. It’s also important to note that CAC frequently runs promotional campaigns that reduce business name registration fees for a limited time, especially during SME-focused initiatives.

To reduce costs, many entrepreneurs now complete the process themselves through the CAC online registration portal. It is fully digital, user-friendly, and offers direct payment options. If you want the most affordable route, doing it yourself through the official CAC platform is the best option.

Overall, the cost of CAC registration in Nigeria in 2025 can range from ₦10,000 to over ₦70,000, depending on your business structure, registration channel, and level of assistance required.

How do I register my business with CAC by myself?

Registering your business with CAC by yourself is a straightforward process, especially now that everything can be done online. The Corporate Affairs Commission has made self-registration easy through their official portal: https://pre.cac.gov.ng. To register your business by yourself, follow these step-by-step instructions:

1. Name Availability Search: Visit the CAC portal and create an account. After signing in, click on “Public Search” to check if your desired business name is available. If it’s free, proceed to the name reservation stage.

2. Reserve Your Business Name: This step costs ₦500. Once payment is confirmed, you’ll get an approval or rejection within 24–48 hours. If approved, your reserved name is valid for 60 days.

3. Begin Registration: Once your name is approved, log back in and click “Register a Business.” Fill out your personal details, business information, nature of business, and business address.

4. Upload Required Documents: For Business Name registration, you’ll need to upload a valid ID card (NIN, Voter’s Card, Driver’s License, or International Passport). If registering a company, you’ll also need a Memorandum and Articles of Association and additional documentation.

5. Pay Registration Fee: For Business Name registration, the fee is ₦10,000. Make the payment directly on the portal using your ATM card or bank transfer.

6. Download Certificate and Status Report: After your documents are reviewed and approved (usually within 3–7 working days), you can download your CAC Certificate and Business Status Report from your dashboard.

Registering your business yourself can save you a lot of money compared to hiring an agent or lawyer. The key is to follow the instructions carefully and ensure that all your uploads are clear and correct. The process is digital from start to finish, meaning you don’t need to visit any office or courier documents physically.

What is the difference between CAC and SMEDAN?

CAC and SMEDAN serve different roles in Nigeria’s business ecosystem, although they are both essential to small and medium-sized enterprises (SMEs). Understanding the difference helps you know when to engage each one.

CAC (Corporate Affairs Commission) is the official government body responsible for the registration and regulation of businesses in Nigeria.

When you register your business or company with CAC, you receive legal recognition under Nigerian law. This allows you to operate a legitimate business, open a corporate bank account, apply for contracts, and protect your business name.

On the other hand, SMEDAN (Small and Medium Enterprises Development Agency of Nigeria) is not a business registration agency.

Instead, it is a government initiative created to promote, support, and empower small and medium enterprises. When you register with SMEDAN, you receive a SMEDAN Unique Identification Number (SUIN), which links your business to various government funding and training opportunities.

The major differences can be outlined as:

• Legal Status: CAC registration gives your business legal recognition; SMEDAN registration does not.

• Purpose: CAC formalizes your business; SMEDAN supports and develops it.

• Certificate: CAC issues a Certificate of Incorporation or Business Name; SMEDAN provides a digital certificate and SUIN.

• Compulsory vs Optional: CAC registration is mandatory for running a legal business. SMEDAN registration is optional but beneficial.

• Government Interaction: With CAC registration, you can deal with banks, law enforcement, and government agencies. With SMEDAN, you get access to grants, skill development, and government SME programs.

To maximize your opportunities as a business owner in Nigeria, it is best to register with both. First, start with CAC to legitimize your business. Afterward, register with SMEDAN to benefit from available growth opportunities.

How long does CAC approval take?

The time it takes to get CAC approval largely depends on the type of registration you’re doing and whether all your documents are correctly submitted.

In 2025, with the improved online system of the Corporate Affairs Commission, the entire registration process can be completed in as little as 3 to 7 working days if there are no issues or delays.

The process typically starts with name reservation, which takes 24 to 48 hours. Once your name is approved, you can proceed with the actual registration.

If you are registering a Business Name, which requires minimal documentation, approval often happens within 2 to 4 working days after payment and document submission.

For Private Limited Companies or Incorporated Trustees, the process takes slightly longer due to the extra documentation required, such as Memorandum and Articles of Association and consent forms.

These types of registrations usually take between 7 to 14 working days, although some can be completed earlier depending on the CAC workload.

However, delays can occur if:

• The name you chose is too similar to an existing business.

• Uploaded documents are unclear or incorrect.

• Payment verification is delayed.

• System errors or backlogs at the CAC office.

To avoid delays, ensure you:

• Choose a unique, non-controversial name.

• Upload all documents clearly and in the right format.

• Double-check your information before submitting.

• Monitor your CAC dashboard daily for updates or queries.

In summary, for most small business owners registering a Business Name, you can expect CAC approval within a week. More complex registrations may take up to two weeks or slightly more, especially during high-volume periods.

What is the cheapest way to register a business?

The cheapest way to register a business in Nigeria is by doing it yourself online through the official CAC portal at https://pre.cac.gov.ng. This method helps you avoid third-party agent fees, which can add an extra ₦5,000 to ₦20,000 to your total cost.

Here’s how you can minimize your expenses:

1. Choose a Business Name Registration: This is the most affordable business structure, suitable for sole proprietors and small businesses. It costs just ₦10,000 as of 2025.

2. Do Your Name Reservation Online: The name reservation fee is ₦500. You can do this directly on the CAC portal. Choose a unique name to avoid rejections and additional charges.

3. Avoid Agents and Consultants: While some business owners prefer using agents for convenience, handling the process yourself will cut down unnecessary charges.

4. Prepare All Documents Digitally: For Business Name registration, you only need a valid ID and your business details. Scan these yourself to avoid paying a café or consultant.

5. Use Debit Card or Bank Transfer: Pay the CAC fees yourself through the portal using online payment options, avoiding any third-party payment service charges.

6. Track and Download Your Certificate: Once approved, you can download your business certificate and status report without needing to pay for delivery or printing.

By following this self-service route, the total cost of registering your business can be as low as ₦10,500, compared to ₦25,000–₦40,000 if done through an agent. This makes it the most cost-effective way to get your business legally recognized in Nigeria.

How much are CAC annual returns?

The cost of CAC annual returns in Nigeria varies depending on the type of business entity and the share capital of the company. As of 2025, for Business Names, the annual return filing fee is ₦3,000 per year. This fee must be paid every year to maintain an active and compliant business status.

For Private Limited Companies, the cost is higher and depends on the company’s authorized share capital. Here is a breakdown of typical CAC annual return fees:

• Companies with share capital not exceeding ₦1 million: ₦5,000

• Companies with share capital above ₦1 million but less than ₦500 million: Fees range from ₦5,000 to ₦50,000 or more, depending on the amount.

• Incorporated Trustees (such as NGOs): Annual return is ₦5,000

It’s important to note that these are the official CAC charges. If you use a legal service provider or agent, they may charge a service fee on top of the CAC fee, often ranging from ₦2,000 to ₦10,000 depending on the provider.

Failure to file your annual return can attract penalties and late fees. For Business Names, the penalty for late filing is ₦100 per day after the due date. For Companies, the late filing penalty is ₦5,000 per year.

Annual returns are required to show that your business is still operational, even if it hasn’t made any income. They are not the same as tax returns and must be filed with CAC, not the Federal Inland Revenue Service (FIRS).

To remain compliant, all businesses are advised to file their annual returns on or before the anniversary of their registration date each year.

What is the CAC annual return?

The CAC annual return is a mandatory yearly filing that every registered business in Nigeria must submit to the Corporate Affairs Commission.

It is a way of informing the CAC that your business is still active, whether or not you made any profit during the year. It is not a tax payment or income declaration; rather, it serves as a compliance requirement under Nigerian law.

For Business Names, the annual return confirms that your enterprise is still operational and hasn’t been abandoned or dissolved. For Companies (e.g., Private Limited or Public Companies), it involves a more detailed filing that includes the names of shareholders, directors, and current company structure.

The purpose of the CAC annual return is to:

• Keep the business on the public record as active.

• Avoid penalties, fines, or eventual removal from the CAC database.

• Maintain good standing for loan, grant, or contract opportunities.

• Comply with the Companies and Allied Matters Act (CAMA).

Here is what filing typically involves:

• For Business Names, a simple form is filled out and submitted along with a fee of ₦3,000.

• For Companies, you must submit Form CAC10 (Annual Return) along with audited financial statements if applicable. The filing fee ranges from ₦5,000 to ₦50,000, depending on the company’s share capital.

If you fail to file the annual return, you may face late penalties and eventually risk your business being delisted. For business names, the penalty is ₦100 per day after the deadline. For companies, it’s ₦5,000 per year plus the actual return fee.

The annual return is due once every year, usually on or before the anniversary of your business registration date. It can be filed online through the CAC portal or by visiting any CAC office, although online filing is more convenient and cost-effective.

How do I register my small business with CAC?

Registering a small business with the Corporate Affairs Commission (CAC) in Nigeria has become easier, faster, and more affordable, thanks to the digital registration system.

The most suitable structure for a small business is registering as a Business Name, and you can complete the process in a few simple steps through the CAC portal.

Here’s how to register your small business:

1. Visit the CAC Portal: Go to https://pre.cac.gov.ng and create an account using your name, email, and phone number.

2. Check Name Availability: Use the “Public Search” feature to check if your desired business name is available. If it’s not already taken, proceed to reserve it for just ₦500.

3. Reserve Your Business Name: Once you reserve the name and it’s approved, you’ll get a confirmation from CAC via email. Name reservations are valid for 60 days.

4. Start Registration: After your name is reserved, log in again and select “Register a Business Name.” Fill in all necessary details like business address, nature of business, and personal details.

5. Upload Documents: Upload a valid means of identification such as National ID, Voter’s Card, or International Passport.

6. Pay Registration Fee: Pay the ₦10,000 registration fee online via card or bank transfer directly on the CAC platform.

7. Wait for Approval: After successful payment and submission, your application is reviewed. If everything is in order, approval usually takes 3–7 working days.

8. Download Your Certificate: Once approved, you can download your Certificate of Registration and Business Status Report from your CAC dashboard.

Registering your business gives it legal backing, helps you open a business bank account, and allows you to apply for grants, contracts, and government support.

How do I pay my CAC annual return?

Paying your CAC annual return is a simple process that can be done entirely online. The Corporate Affairs Commission has streamlined the process through its online portal, allowing business owners to file and pay without visiting any physical office.

Follow these steps to pay your CAC annual return:

1. Log into the CAC Portal: Visit https://pre.cac.gov.ng and log in with the email and password you used for your business registration.

2. Select the Business or Company: Once logged in, click on “My Business” or “My Company” to see the list of registered businesses under your profile.

3. Initiate Annual Return Filing: Select the business name or company, then click on “Annual Return” under available services. You’ll be asked to select the year you want to file for.

4. Fill Out the Return Form: For a Business Name, this is a simple form. For companies, you’ll need to enter more information like directors, shareholders, and share capital structure. Some companies may need to upload audited financial statements.

5. Pay the Filing Fee: The system will calculate the amount to be paid based on your business type. You can pay using your debit card or bank transfer directly on the CAC portal.

   • Business Names: ₦3,000

   • Companies: ₦5,000 to ₦50,000, depending on share capital

6. Download Receipt and Confirmation: After payment, you’ll receive an acknowledgment and receipt in your portal dashboard and via email. This confirms that your annual return was successfully filed.

7. Avoid Penalties: Make sure to file before your registration anniversary to avoid late filing charges. For Business Names, late payment incurs a ₦100 per day penalty. For companies, it’s ₦5,000 per defaulted year.

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Staying up to date with your annual returns helps maintain your business status as active and protects it from being delisted or flagged as non-compliant by CAC.

How long does a CAC name reservation last?

A name reservation with the Corporate Affairs Commission (CAC) in Nigeria is valid for 60 days from the date of approval. This means once your desired business or company name has been approved, you have 60 calendar days to complete your registration using that name before it expires.

The name reservation process is the first and one of the most critical steps in CAC registration. It helps to secure your business name so that no other person can register it while you complete your documentation and submission.

The fee for this service is ₦500, and the process typically takes 24 to 48 hours to get a response—either an approval or a rejection if the name is too similar to an existing one.

If for any reason you are unable to complete the registration within those 60 days, you can re-apply for another name reservation. However, you’ll need to pay another ₦500 fee to initiate a new reservation.

To make the best use of your 60-day validity period:

• Prepare all necessary documents and IDs in advance.

• Complete your registration form immediately after name approval.

• Pay your registration fee early to avoid unnecessary delays.

• Frequently monitor your email and CAC dashboard for updates or queries.

Also, if the name is very important to your brand and you’re not yet ready to register, you may re-reserve it every 60 days to keep it safe, though this could become costly over time.

In summary, a CAC name reservation lasts for 60 days only. If your registration is not completed within this period, the reserved name becomes available again for others to use. To avoid losing your preferred name, act quickly and submit all necessary details within the given timeframe.

How much do I need to register my business?

The amount you need to register your business in Nigeria depends on the type of business structure you choose and whether you register it yourself or through a third party.

For a Business Name, which is the most affordable and commonly used structure for small and medium enterprises, the total cost can be as low as ₦10,500 if you do it yourself online.

Here’s a breakdown of typical costs:

1. Name Reservation: ₦500 – This is the first step where you check and secure your preferred business name.

2. Business Name Registration Fee: ₦10,000 – This is the official fee charged by CAC for registering a sole proprietorship or partnership.

So in total, the CAC fees amount to ₦10,500 if you’re registering a Business Name and handling it yourself online.

However, if you’re going for a Private Limited Company, the costs are higher:

• CAC Registration Fee: ₦50,000 for companies with share capital not exceeding ₦1 million.

• Stamp Duty & Professional Fees (optional): ₦5,000–₦15,000 depending on assistance.

If you use an agent or third-party service, expect to pay more due to convenience and professional assistance. Prices through agents can range from ₦20,000 to ₦50,000 or more, depending on the structure and level of service.

In addition, you might spend extra on printing, scanning, or accessing cyber café services if you’re not doing it from your own device.

To keep costs low:

• Register a Business Name if you’re a sole proprietor or small startup.

• Use the official CAC portal and handle the process yourself.

In total, you need between ₦10,500 and ₦70,000, depending on your business structure and whether you use an agent or self-service method.

Can I do my CAC registration myself online?

Yes, you can absolutely do your CAC registration yourself online without hiring a lawyer or agent. In fact, the Corporate Affairs Commission (CAC) encourages self-service registrations through its official online portal at https://pre.cac.gov.ng. The process is designed to be user-friendly, secure, and cost-effective, especially for small business owners and startups in Nigeria.

Here’s how to register by yourself online:

1. Create an Account: Go to the CAC portal and register as a user using your email, phone number, and other personal details.

2. Name Reservation: Conduct a public search to check if your desired business name is available. Then proceed to reserve the name for ₦500. The reservation is valid for 60 days.

3. Start New Registration: After name approval, log in and click on “Register a Business Name” or “Register a Company,” depending on your choice.

4. Fill Out the Online Form: Provide your business address, nature of business, and personal identification information.

5. Upload Required Documents: For Business Name registration, all you need is a valid means of identification such as NIN, Voter’s Card, or Passport. For company registration, you’ll need more documents like the Memorandum and Articles of Association (MEMART), forms CAC 1.1, and others.

6. Make Online Payment: Pay the registration fee using your debit card or bank transfer. Business Name registration is ₦10,000, while company registration starts at ₦50,000.

7. Download Your Certificate: Once the CAC approves your registration, you can log in and download your Certificate of Incorporation and other relevant documents like your Business Status Report.

Doing the registration yourself online saves you time and money. Just make sure your documents are complete and correctly uploaded. CAC has also made help guides and FAQs available to assist you throughout the process.

How much is the CAC registration fee?

The CAC registration fee in Nigeria depends on the type of business entity you want to register. As of 2025, the official fees remain relatively affordable, especially for small and medium-scale business owners.

The most common and cheapest registration is the Business Name registration, which is ideal for sole proprietors and small enterprises.

Here’s a breakdown of the major CAC registration fees:

1. Business Name Registration:

   • Name Reservation: ₦500

   • Registration Fee: ₦10,000

   • Total: ₦10,500 (excluding optional service fees)

2. Private Limited Company (LTD):

   • Name Reservation: ₦500

   • Registration Fee (Share Capital ≤ ₦1 million): ₦50,000

   • Stamp Duty (typically handled during registration): ~₦5,000–₦10,000

   • Total: ₦55,000–₦60,000

3. Incorporated Trustees (NGOs, Religious Bodies, etc.):

   • Name Reservation: ₦5,000

   • Registration Fee: ₦20,000–₦30,000

   • Other fees for newspaper publications and documentation may apply.

These fees are exclusive of third-party or agent charges. If you go through a lawyer or online registration agent, expect to pay more due to convenience and professional handling, typically ranging between ₦20,000 to ₦70,000, depending on the structure and service provider.

To save cost, it is advisable to register directly through the CAC online portal (https://pre.cac.gov.ng). Doing so helps you avoid agent markups while still enjoying a fast and efficient process.

Also, CAC occasionally offers promotional discounts, especially during SME initiatives or national enterprise support programs.

In summary, the registration fee you pay depends on your chosen business type and whether you’re handling it yourself or using a third-party agent. For small businesses, a budget of ₦10,500 is often enough if you do it yourself online.

What are the requirements to register with CAC?

To register with the Corporate Affairs Commission (CAC) in Nigeria, you must meet certain documentation and identification requirements, depending on the type of business you intend to register.

For most small business owners registering as a Business Name, the requirements are simple and straightforward. For Limited Liability Companies or Incorporated Trustees, more documents are required.

Here are the general CAC registration requirements for 2025:

1. For Business Name (Sole Proprietorship or Partnership):

   • Two proposed business names for reservation.

   • Nature of business (business activities).

   • Business address.

   • Name, address, phone number, email, gender, occupation, and means of identification (NIN, Voter’s Card, Driver’s License, or International Passport) of the proprietor(s).

   • Passport photo (scanned/digital format).

   • Signature (scanned copy).

   • ₦500 for name reservation and ₦10,000 for registration.

2. For Private Limited Company (Ltd):

   • Two company name options for reservation.

   • Memorandum and Articles of Association (MEMART).

   • Statement of share capital and shareholding structure.

   • Details of directors and shareholders (names, addresses, ID cards, signatures, passport photos).

   • Company secretary details (optional for small companies).

   • Statement of compliance (prepared by a legal practitioner).

   • ₦500 for name reservation and ₦50,000+ for registration depending on share capital.

3. For Incorporated Trustees (NGOs, Religious Institutions):

   • Two proposed names.

   • Constitution of the organization.

   • Trustees’ personal details and IDs.

   • Minutes of meetings appointing trustees.

   • Evidence of newspaper publication.

   • ₦5,000–₦30,000 depending on organization type.

Important Tips:

• All documents must be scanned and uploaded clearly in the required formats (usually PDF or JPEG).

• Ensure that the names and addresses match across all documents.

• Use a working email and phone number as CAC sends approval and updates through them.

Meeting all these requirements ensures a smooth registration process with no delays or rejection from CAC.

How much does it cost to register your business with CAC?

The cost to register your business with the Corporate Affairs Commission (CAC) in Nigeria depends on the type of business structure and whether you’re doing it yourself or through a third party.

As of 2025, the most affordable and commonly used structure is the Business Name, ideal for sole proprietors and small-scale enterprises.

Here’s a breakdown of registration costs:

1. Business Name Registration:

   • Name Reservation: ₦500

   • Registration Fee: ₦10,000

   • Total: ₦10,500 if done directly via the CAC portal

2. Private Limited Company (LTD):

   • Name Reservation: ₦500

   • Registration Fee (for share capital not exceeding ₦1 million): ₦50,000

   • Stamp Duty: ₦5,000–₦10,000

   • Total: ₦55,500–₦60,000 (may increase with share capital)

3. Incorporated Trustees (e.g., NGOs):

   • Name Reservation: ₦5,000

   • Filing Fees: ₦20,000–₦30,000

   • Newspaper Publication: ₦5,000–₦10,000

   • Total: ₦30,000–₦45,000+

Using Agents: If you choose to work with agents or registration platforms, you may pay ₦15,000 to ₦70,000, depending on the business type and their professional service charges.

Optional Costs:

• Printing and scanning documents (if you don’t have digital access).

• Courier or delivery of physical certificates if required.

• Cyber café charges if you use a registration agent.

Cost-Saving Tip: To minimize expenses, handle the registration yourself via https://pre.cac.gov.ng. The portal is user-friendly, and CAC now accepts payments directly online, reducing the need for intermediaries.

In summary, registering a business in Nigeria can cost between ₦10,500 and over ₦70,000, depending on your business type, share capital, and whether you use professional assistance.

What can I add to my business name?

When registering a business name in Nigeria, it’s important to choose a name that reflects your brand, purpose, and identity, while also meeting the guidelines of the Corporate Affairs Commission (CAC).

You can add various elements to your business name to make it unique, descriptive, and acceptable for registration.

Here are several things you can add to your business name:

1. Descriptive Keywords: Add terms that explain what your business does. For example, if your brand name is “Sparkle,” you can make it “Sparkle Fashion Enterprises” or “Sparkle Foods Ventures.” This helps customers immediately know your line of business.

2. Nature of Business (Suffixes): Adding terms like “Enterprises,” “Ventures,” “Concepts,” “Stores,” “Services,” “Solutions,” or “Creations” is common and accepted by CAC. Examples: “Bright Minds Ventures,” “Kezia Creations.”

3. Location Tags (Optional): Though not compulsory, you may add geographical hints like “Lagos,” “Nigeria,” or “Abuja” to reflect where you operate. Example: “Excel Laundry Nigeria.”

4. Personal Names: You can include your own name or initials in your business name. Example: “A.O. Samuel Enterprises” or “Chioma & Sons Ventures.” This makes it more personal and traceable.

5. Industry Terms: Words specific to your niche or profession can make the name clearer, like “Technologies,” “Bakery,” “Logistics,” or “Consults.”

However, note that CAC has restrictions:

• Avoid using terms like “Limited,” “Incorporated,” or “PLC” unless you are registering a company, not a business name.

• Avoid using government-related terms like “National,” “Federal,” “State,” or “Ministry” unless approved.

• Names that suggest professional qualifications (like “Law,” “Medical,” etc.) require evidence of appropriate licenses.

Choose a name that’s unique, simple, easy to remember, and legally compliant. Before finalizing, always perform a public search on the CAC portal to ensure it’s not already taken.

How do I know if my business name is registered with CAC?

To know if your business name is registered with the Corporate Affairs Commission (CAC) in Nigeria, you can conduct a free name search using the CAC’s public search tool.

This is especially useful if you want to confirm the legitimacy of a business or verify if a particular name is already taken before registering your own.

Here’s how to check if your business name is registered:

1. Visit the CAC Public Search Portal:
   Go to https://search.cac.gov.ng. This is the official portal provided by CAC for checking registered businesses.

2. Enter the Business Name:
   Type the exact name of the business you want to verify. If it exists, the system will display key details such as:

   • The full registered business name

   • Registration number (RC or BN)

   • Date of registration

   • Status (Active, Inactive, or Removed)

3. Verify Name Uniqueness (If Planning to Register):
   If you’re checking availability for registration, use the information to determine if your proposed name is already in use. If it is, you’ll need to modify it or choose another name.

4. Additional Checks (If Needed):
   If you’re dealing with a company and want further verification, you can request a Certified True Copy (CTC) of the registration documents or the Status Report from CAC at a fee.

Knowing if a business is registered is important for:

• Building trust before engaging in transactions

• Avoiding duplication of names during your own registration

• Confirming the authenticity of vendors, suppliers, or service providers

If your business is already registered and you can’t find it online, it may be due to a mismatch in spelling or system update delays. You can contact CAC customer support or visit a branch office for further assistance.

Can I register CAC online by myself in Nigeria?

Yes, you can register your business or company online by yourself in Nigeria using the official CAC portal. The Corporate Affairs Commission (CAC) has fully digitized the business registration process, allowing individuals to complete everything from name reservation to certificate download without stepping into any physical office.

Here’s how you can register CAC online by yourself:

1. Create a CAC Account:
   Visit https://pre.cac.gov.ng and sign up using your full name, phone number, and email address.

2. Reserve a Business Name:
   Log in and conduct a name search to ensure your chosen business name is not already taken. Then, submit a name reservation request. This costs ₦500, and approval usually comes within 24–48 hours.

3. Start the Registration Process:
   After your name is approved, return to your dashboard, click on “Register a Business Name” or “Register a Company,” and fill in all necessary information such as business activities, address, and owner details.

4. Upload Required Documents:
   For Business Name registration, you only need a valid means of identification and a passport photo. For Companies, additional documents such as a Memorandum and Articles of Association are required.

5. Make Payment:
   Pay the registration fee directly on the portal using your ATM card or internet banking. Business Name registration is ₦10,000, while Companies cost ₦50,000+ depending on share capital.

6. Download Certificate and Documents:
   Once approved, you will receive your Certificate of Registration and Status Report on your dashboard for download. These documents are recognized nationwide.

Registering CAC online by yourself is cost-effective, secure, and efficient. The process is straightforward and can be completed in a few hours to a few days, depending on your preparation. No legal knowledge is required for Business Name registration, making it ideal for entrepreneurs on a budget.

How much is the CAC fee 2025?

As of 2025, the CAC fee for registering a business in Nigeria depends on the type of business structure you’re registering. The Corporate Affairs Commission (CAC) offers multiple registration options, and each has its own official fee schedule. Here’s a summary of the current fees:

1. Business Name Registration (Sole Proprietorship/Partnership):

   • Name Reservation: ₦500

   • Registration Fee: ₦10,000

   • Total CAC Fee: ₦10,500
     This is the most affordable option and ideal for small businesses, freelancers, and entrepreneurs.

2. Private Limited Company (Ltd):

   • Name Reservation: ₦500

   • Registration Fee (for share capital up to ₦1 million): ₦50,000

   • Stamp Duty (charged separately): ₦5,000–₦10,000 (depending on capital)

   • Total CAC Fee: ₦55,000–₦60,000
     This option suits medium to large businesses that want a more formal corporate structure.

3. Incorporated Trustees (NGOs, Churches, Foundations):

   • Name Reservation: ₦5,000

   • Registration Fee: ₦20,000–₦30,000

   • Other Required Expenses: Newspaper publication (~₦5,000–₦10,000)

   • Total CAC Fee: ₦30,000–₦45,000

Note: These are official CAC fees and do not include additional costs like legal assistance, courier charges, or agent service fees. If you use third-party platforms or professionals, you may pay ₦5,000–₦25,000 extra for their service.

To save costs, it’s advisable to register directly through CAC’s online portal at https://pre.cac.gov.ng, where you can complete the process yourself. The portal accepts online payments and allows you to download your certificate upon approval.

So, in summary, the CAC fee in 2025 ranges from ₦10,500 for Business Names to ₦60,000 or more for companies and NGOs, depending on your chosen structure and share capital.

How much is the CAC filing fee?

The CAC filing fee in Nigeria varies depending on the type of filing you’re doing and the structure of your business. Filing fees are paid for services such as annual returns, post-registration updates, and changes to business information.

Here are some common CAC filing fees in 2025:

1. Annual Returns:

   • Business Names: ₦3,000 per year

   • Companies (with share capital ≤ ₦1 million): ₦5,000

   • Incorporated Trustees (NGOs): ₦5,000

2. Change of Business Name Address or Owner Details:

   • Business Name Amendment: ₦5,000–₦10,000 depending on what is being changed.

3. Change of Company Directors, Shareholders, or Secretary:

   • Form CAC2.1 (Change of Director): ₦10,000

   • Form CAC7A (Change of Company Details): ₦5,000–₦20,000 depending on share capital.

4. Increase in Share Capital:

   • Share capital increases are charged at ₦5,000 per ₦1 million increment.

5. Filing of Special Resolutions (e.g., Change of Business Nature):

   • Filing fee: ₦10,000+

6. Replacement of Lost Certificate or Status Report:

   • Fee: ₦5,000

These fees apply only when filing through the official CAC online portal. If you choose to work through agents or lawyers, expect to pay additional service charges.

It’s important to note that late filing of annual returns attracts penalties:

• Business Name: ₦100 per day

• Companies: ₦5,000 per year defaulted

You can pay CAC filing fees online using a debit card or bank transfer directly through the portal. Always ensure your filings are up to date to avoid fines and maintain your business in “active” status.

How much is CAC registration for POS?

If you’re planning to register a Point of Sale (POS) business in Nigeria, the ideal structure is typically a Business Name registration through the Corporate Affairs Commission (CAC).

This is the most affordable and suitable option for POS agents, mobile money operators, and small agency banking businesses.

As of 2025, here is the cost breakdown for CAC registration for a POS business:

1. Name Reservation: ₦500
   This step involves submitting two business name options for approval. Once approved, your preferred name is reserved for 60 days.

2. Business Name Registration Fee: ₦10,000
   After name reservation, you proceed to register your business under that name.

3. Total CAC Registration Cost (Official Fee): ₦10,500
   This applies if you handle the process yourself directly on the CAC portal (https://pre.cac.gov.ng).

If you use a business registration agent or third-party service (such as those found online or in business centers), you may be charged anywhere between ₦15,000 to ₦30,000, depending on the service provider, location, and convenience.

Although a POS business does not require a company (Ltd) registration, some larger agency operators working with banks or fintechs may prefer that for branding or contract purposes. However, for most individuals starting out, the Business Name route is both legally sufficient and affordable.

Registering your POS business with CAC gives you:

• Legal recognition

• Ability to open a business account

• Access to fintech partnerships (like Opay, Moniepoint, PalmPay)

• Credibility and protection of your business name

So in summary, you can register your POS business with CAC in 2025 for as little as ₦10,500 if done yourself, or slightly more through agents or online platforms.

How to register a small business in Nigeria?

Registering a small business in Nigeria is a simple and cost-effective process, especially with the digitization of services by the Corporate Affairs Commission (CAC).

Most small businesses choose to register as a Business Name—this is ideal for sole proprietors, side hustlers, and small-scale enterprises. The entire process can be completed online without visiting any office.

Here’s a step-by-step guide on how to register a small business:

1. Visit the CAC Portal:
   Go to https://pre.cac.gov.ng and create an account using your name, email address, and phone number.

2. Check Name Availability:
   Use the “Public Search” to see if your desired business name is available. You’ll need to provide two options in case one is taken.

3. Reserve Your Business Name:
   Pay ₦500 to reserve the name. Approval typically comes within 24 to 48 hours and lasts for 60 days.

4. Begin Business Name Registration:
   After name approval, log into your CAC dashboard and choose “Register a Business Name.” Fill in your details, including your nature of business, business address, and owner information.

5. Upload Required Documents:
   You’ll need a valid means of identification (NIN, Voter’s Card, Driver’s License, or International Passport) and a passport photograph.

6. Pay Registration Fee:
   Pay the ₦10,000 fee using your ATM card or via bank transfer through the CAC portal.

7. Wait for Approval:
   CAC usually processes Business Name registrations within 3 to 7 working days. Once approved, your Certificate of Registration and Status Report will be available for download.

Registering your business gives it legal status, allows you to open a business bank account, and boosts your credibility with customers, vendors, and fintech partners like Opay or Moniepoint.

By handling the process yourself, you can register your small business for just ₦10,500, making it one of the most affordable formalizations in Nigeria.

What are the requirements to register my business?

To register your business in Nigeria, you’ll need to meet specific requirements set by the Corporate Affairs Commission (CAC). These requirements differ slightly depending on whether you’re registering a Business Name (for sole proprietors and small businesses) or a Company (for larger organizations).

Here are the general requirements for a Business Name registration:

1. Proposed Business Names:
   You must provide two name options. One will be reserved for you upon approval.

2. Nature of Business:
   A description of the products or services your business offers.

3. Business Address:
   Your physical business location or home office address if operating remotely.

4. Owner’s Details:

   • Full Name

   • Date of Birth

   • Phone Number

   • Email Address

   • Occupation

   • Residential Address

5. Means of Identification:
   One of the following:

   • National ID (NIN)

   • Voter’s Card

   • Driver’s License

   • International Passport

6. Passport Photograph and Signature:
   These must be scanned and uploaded clearly.

For a Private Limited Company, the requirements are more comprehensive:

• Memorandum and Articles of Association (MEMART)

• Information about directors and shareholders (names, addresses, ID, signatures)

• Statement of share capital

• Statement of compliance by a legal practitioner

• Company secretary details (optional for small companies)

You must also pay the required fees:

• ₦500 for name reservation

• ₦10,000 (Business Name) or ₦50,000+ (Company) registration fee

By gathering all required information and documents in advance, your registration process will be smoother and faster. For most small businesses, the Business Name route is sufficient, affordable, and easy to complete online via the CAC portal.

What are the lucky names for business?

While there’s no universal “lucky name” for businesses, many entrepreneurs in Nigeria believe that choosing the right name can influence success, customer appeal, and brand recognition.

A lucky business name should be memorable, meaningful, easy to pronounce, and preferably have positive or inspirational connotations.

Here are tips and examples of what are often considered “lucky” business name traits:

1. Incorporate Positivity or Wealth-Related Words:
   Names like “Success Ventures,” “Blessed Hands,” “Divine Touch,” “Royal Gold,” or “Fortune Hub” evoke abundance and prosperity, which are seen as lucky in local culture.

2. Use Personal Names with Good Reputation:
   Combining personal names or initials can create uniqueness. For instance, “Chioma & Sons,” “A.O. Kings Ventures,” or “Tobi Blessing Global.”

3. Add Growth-Oriented Terms:
   Terms like “Global,” “Empire,” “Solutions,” “Dynamic,” or “Innovations” project expansion and vision. E.g., “Victory Global Resources” or “Elite Empire Services.”

4. Spiritual or Cultural Significance:
   Names that reflect religious or traditional blessings like “Grace of God Enterprises,” “Ezinne Collections,” or “Al-Barakah Ventures” are often viewed as spiritually lucky.

5. Use Numerology or Symbols:
   Some people use numbers (e.g., “Top7 Logistics”) or symbols they personally associate with good fortune.

6. Ensure Availability:
   A lucky name is only useful if it’s unique. Before settling on a name, run a public search on the CAC portal to confirm availability.

Remember, luck may start with a name, but success comes from branding, consistency, and excellent service delivery. Choose a name that represents your mission, is easy to remember, and sets you apart in your industry.

How do I check if a business name is available on CAC?

To check if a business name is available on the CAC (Corporate Affairs Commission) portal in Nigeria, you can use their online public search tool.

This tool allows you to verify if your desired business name is already taken or available for reservation. It’s a very important first step before initiating your business registration.

Here’s how to check business name availability:

1. Visit the CAC Public Search Portal:
   Go to the official website: https://search.cac.gov.ng

2. Select the Search Type:
   Under “Search Record,” choose “Business Name” from the drop-down menu. You can also search for Company or Incorporated Trustees depending on your need.

3. Enter Your Desired Business Name:
   Type the exact business name you want to use, without “Limited” or “Enterprise” if it’s a business name. For example, if your desired name is “EagleTech,” type that only.

4. Click the Search Button:
   Wait a few seconds for the system to pull results. If your name or something similar already exists, the results will show you registered entities with that name or close matches.

5. Analyze the Results:
   If there’s no exact match, it means the name is likely available. However, CAC still reserves the right to reject a name that is too similar to existing ones, misleading, offensive, or restricted.

6. Reserve the Name:
   Once you confirm availability, you can proceed to reserve it officially on the CAC registration portal at https://pre.cac.gov.ng for a fee of ₦500.

It’s a smart idea to prepare two name options in case your first choice is not approved. The CAC will review both and reserve the acceptable one.

Checking name availability early helps avoid delays, rejected applications, and wasted payments. This simple step ensures you’re on the right track toward securing a unique and legally recognized business identity.

How to start a small business in Nigeria from home?

Starting a small business from home in Nigeria is one of the most practical ways to become financially independent, especially with the growth of the digital economy and low-cost service-based ventures.

The good news is, you don’t need a lot of money or a rented office to begin. What you need is the right idea, registration, structure, and consistency.

Here’s a step-by-step guide to starting a home-based small business:

1. Choose a Profitable Business Idea:
   Look for something you can manage from home based on your skills or interests. Popular home-based business ideas include:

   • Mini importation

   • Graphic design or freelance writing

   • Baking/snacks or food delivery

   • POS (agent banking)

   • Online tutoring or coaching

   • Affiliate marketing

   • Digital products like ebooks or courses

2. Register Your Business:
   To make your business legitimate, register it with the Corporate Affairs Commission (CAC). A Business Name registration costs ₦10,500 if done yourself online via https://pre.cac.gov.ng.

3. Set Up a Functional Space at Home:
   Dedicate a section of your house to the business—even a table, chair, and stable power supply can be enough depending on the nature of the work.

4. Market Your Business Online:
   Use free tools like WhatsApp, Facebook, Instagram, and TikTok to promote your products or services. Canva can help you design your brand visuals easily.

5. Open a Business Bank Account:
   This adds credibility and separates your personal from business funds. Most banks now allow business accounts with just a CAC certificate.

6. Stay Consistent and Track Income:
   Keep records, offer excellent service, and reinvest your profits. Use Google Sheets or bookkeeping apps to track sales and expenses.

Starting a small business from home in Nigeria requires little capital, and with persistence and the right digital tools, you can scale from your living room to a well-established brand.

How do I get my CAC certificate?

Once your business registration with the Corporate Affairs Commission (CAC) is successfully completed, your CAC Certificate of Registration is issued electronically and can be downloaded directly from the CAC portal. The entire process is now digital, eliminating the need for physical visits or courier delivery unless specifically requested.

Here’s how to get your CAC certificate:

1. Complete Your Registration Online:
   Start by registering through the CAC portal at https://pre.cac.gov.ng. After name reservation, fill the business or company registration form, upload your ID and photo, and pay the required fee.

2. Await Approval:
   Once you submit your application and payment, CAC will review and approve it—usually within 3 to 7 working days for Business Name registrations. Company registrations may take slightly longer.

3. Get Notification of Approval:
   You’ll receive an SMS or email from CAC stating that your registration has been approved. Log in to your dashboard to view your business status.

4. Download the Certificate and Status Report:

   • Go to your CAC dashboard.

   • Click on “Registered Businesses.”

   • Select your registered business and download your Certificate of Registration (PDF) and the Status Report, which contains essential details like registration number, business name, and owner info.

5. Print and Store Safely:
   Though electronic certificates are valid, many people prefer to print and laminate them for presentation at banks or government offices.

The CAC certificate serves as legal proof that your business exists and is recognized under Nigerian law. It is often required for:

• Opening a business bank account

• Applying for loans or grants

• Registering with SMEDAN or tax authorities

• Working with fintechs (e.g., Opay, Moniepoint, etc.)

There’s no additional fee for downloading your certificate—it’s included in the registration cost. Always keep a soft copy and backup of your CAC certificate for future use.

How to pay for CAC registration?

Paying for CAC registration in Nigeria is now fast, secure, and fully digital. Whether you’re registering a business name or incorporating a company, the Corporate Affairs Commission (CAC) offers several payment methods that make the process convenient. You don’t need to visit a physical office—everything can be done online.

Here’s how to pay for CAC registration:

1. Visit the CAC Portal:
   Start your registration by going to https://pre.cac.gov.ng. If you don’t already have an account, sign up using your email and phone number.

2. Reserve Your Business Name:
   Begin by reserving a business name. You’ll be prompted to pay ₦500 via the CAC payment gateway.

3. Select a Payment Method:
   Once you reach the payment page, CAC offers multiple options:

   • Debit/Credit Card (MasterCard, Verve, or Visa)

   • Bank Transfer (via Remita)

   • USSD Payment (via Remita)

   • Internet Banking (selected banks)

4. Pay Through Remita or Paystack (CAC Gateway):
   After filling your details, click “Pay Now.” You’ll be redirected to a secure payment page to complete the transaction.

5. Confirm Payment and Continue Registration:
   Once the payment is successful, your dashboard will reflect the updated status. You can then proceed with filling in your business or company registration forms.

6. Receipt and Reference:
   After payment, you’ll receive a payment receipt and RRR (Remita Retrieval Reference) via email. Keep this for record-keeping and possible follow-up.

Note: For Business Name registration, the full cost is ₦10,500, which includes name reservation and registration fees. There are no extra hidden charges if you’re doing it yourself.

Avoid paying anyone in cash or through unofficial channels. Always pay directly through the CAC portal or official Remita gateway to ensure your transaction is traceable and legitimate.

How to activate CAC status?

Activating your CAC status simply means verifying and updating your registered business information on the CAC platform so that your business is recognized as “active” in the public record.

This is especially useful if you want to apply for loans, grants, open a business bank account, or integrate with fintech services.

Here are the steps to activate or confirm your CAC status:

1. Complete Your Registration:
   First, ensure your business or company has been properly registered on https://pre.cac.gov.ng. You must receive your Certificate of Registration and Status Report.

2. Check CAC Public Search:
   Go to https://search.cac.gov.ng and type in your business name. If it appears, then your CAC registration is active and searchable.

3. Login to CAC Portal:
   Sign in to your CAC dashboard using the email and password you used during registration.

4. Download Your Status Report:
   This document serves as proof that your business is active and recognized by CAC. It includes your business registration number, date of registration, and ownership details.

5. Use Your Business Information for Bank or SMEDAN Registration:
   Once activated, your CAC documents can be used to open a business bank account, register with SMEDAN, or integrate with digital platforms like Opay, Moniepoint, and Paystack.

6. File Annual Returns (If Required):
   To keep your status active long-term, file your annual returns (especially for companies) on time through the CAC portal. This prevents your business from being marked “inactive” or “defaulting.”

7. Contact CAC Support if Needed:
   If your business is not showing as active even after registration, you can raise a support ticket via the CAC portal or email contact@cac.gov.ng.

An active CAC status boosts your credibility and ensures your business is eligible for official transactions and partnerships.

How much to register a small business in Nigeria?

The cost of registering a small business in Nigeria in 2025 is highly affordable, especially if you register it as a Business Name, which is the most suitable structure for sole proprietors, freelancers, and side hustlers.

The Corporate Affairs Commission (CAC) has streamlined the process and made it budget-friendly for small business owners.

Here’s a breakdown of the registration costs:

1. Name Reservation – ₦500:
   Before registration, you must reserve a business name on the CAC portal. This fee allows you to secure your chosen name for 60 days while you complete registration.

2. Business Name Registration – ₦10,000:
   After name reservation, you’ll pay the official CAC fee of ₦10,000 to register your business name. This covers the cost of issuing your Certificate of Registration and Status Report.

3. Total Minimum Cost – ₦10,500 (Do-It-Yourself):
   If you complete the registration yourself online, this is the only cost involved.

However, if you choose to register through an agent, lawyer, or third-party platform, the cost can range from ₦15,000 to ₦30,000 depending on the provider and the level of assistance offered.

Optional Costs:

• Printing or laminating your CAC certificate

• Opening a business bank account (some banks require minimal deposits)

• Tax Identification Number (TIN) registration (usually free, but agents may charge ₦2,000–₦5,000)

For small businesses operating from home or with limited capital, registering as a Business Name is ideal because it’s:

• Fast (3–7 days)

• Affordable

• Legally recognized

• Suitable for one-person businesses

By investing ₦10,500, you give your business a legal identity, which helps with branding, getting loans or grants, and opening business bank accounts.

Do small businesses in Nigeria need a CAC?

Yes, small businesses in Nigeria need CAC registration, and it’s becoming increasingly essential for legitimacy, growth, and access to financial services.

While it’s not legally compulsory for all types of businesses to register at the initial stage, having a registered business with the Corporate Affairs Commission (CAC) offers numerous benefits that far outweigh the cost or effort of registration.

Here’s why small businesses should get registered with CAC:

1. Legal Recognition:
   Registering your business gives it legal standing under Nigerian law. It shows that your business is authentic and not a fraudulent operation, which builds trust with customers and partners.

2. Access to Business Bank Accounts:
   Nigerian banks now require a CAC certificate before you can open a corporate account. A business bank account not only adds professionalism but also helps with cash flow management.

3. Eligibility for Loans, Grants, and Investments:
   Financial institutions, government empowerment programs (like SMEDAN or BOI), and investors often require CAC registration as part of the eligibility criteria.

4. Brand Protection:
   Once your business name is registered, it is protected. Others cannot legally use the same or similar name. This helps you safeguard your brand identity.

5. Access to Fintech Services:
   Platforms like Opay, Moniepoint, Flutterwave, and Paystack require your CAC documents before allowing you to fully onboard your business on their systems.

6. Expansion and Compliance:
   As your small business grows, registration becomes important for tax purposes, compliance, and even to compete for contracts or tenders—especially with government bodies or corporate clients.

While some home businesses or freelancers operate informally without CAC for a while, registering as early as possible is a smart move. It only costs about ₦10,500 and takes less than a week if done online.

In summary, while not absolutely mandatory for all small ventures at the start, having your CAC registration is now almost a necessity if you want to operate professionally and scale your business in Nigeria.

Where can I get a CAC certificate?

You can get your CAC certificate directly from the official website of the Corporate Affairs Commission (CAC) once your business registration has been completed and approved.

The entire process is now digital, which means you no longer need to visit any physical CAC office or wait for a courier to deliver your certificate.

Here’s how to get your CAC certificate:

1. Register on the CAC Portal:
   Start your business registration at https://pre.cac.gov.ng. Follow the steps: reserve your business name, fill in the registration forms, upload required documents, and pay the fees.

2. Wait for Approval Notification:
   After submitting your registration, CAC will review your documents. Once approved, you’ll receive an SMS or email stating that your business has been successfully registered.

3. Login to Your CAC Dashboard:
   Go to your CAC account dashboard using your registration details. Click on “Registered Businesses” to view the status of your business.

4. Download the Certificate:
   You’ll find a downloadable PDF file of your CAC Certificate of Registration. Also available is your Status Report, which includes full business details.

5. Print and Safeguard:
   You can print and laminate the certificate for physical use when opening a bank account or presenting it to clients, investors, or regulators.

Alternative (through agents):
If you hired a lawyer or business consultant to handle your registration, they will usually email you a soft copy of the certificate once it’s ready.

Keep in mind that you should only use the official CAC portal to avoid fraud. You can also contact CAC via their helpdesk or social media if you face technical issues while downloading.

Your CAC certificate is a legal document that proves your business is duly registered and recognized in Nigeria. Always back up a soft copy in cloud storage (Google Drive, Dropbox) for safety.

What is the difference between Smedan and CAC?

SMEDAN and CAC are two different organizations in Nigeria that serve entrepreneurs and business owners, but they perform entirely different roles.

1. CAC (Corporate Affairs Commission):

CAC is the federal government agency responsible for registering and regulating companies and business names in Nigeria. When you register with CAC, you receive a Certificate of Incorporation or Registration, which gives your business a legal identity.

Functions of CAC:

• Business name and company registration

• Company incorporation

• Issuing certificates and RC numbers

• Filing of annual returns

• Changing business names, directors, or shareholders

• Legalizing businesses for tax and banking purposes

Without CAC registration, your business is not legally recognized under Nigerian law.

2. SMEDAN (Small and Medium Enterprises Development Agency of Nigeria):

SMEDAN is a developmental agency focused on supporting the growth of micro, small, and medium enterprises (MSMEs). When you register with SMEDAN, you get a SMEDAN number and certificate that can help you access government grants, training, and business support services.

Functions of SMEDAN:

• Empowering entrepreneurs through training and funding programs

• Connecting SMEs with government resources and intervention funds

• Facilitating access to credit and investment

• Promoting entrepreneurship development

• Collecting data on MSMEs across Nigeria

Key Differences:

In essence, CAC gives your business a legal identity, while SMEDAN connects you to growth opportunities. Most serious entrepreneurs in Nigeria choose to register with both for maximum advantage.

How long does it take to get a CAC certificate in Nigeria?

The time it takes to get your CAC certificate in Nigeria largely depends on the type of business structure you’re registering and whether you’re doing it yourself or through an agent.

However, with the improved digital process introduced by the Corporate Affairs Commission (CAC), registration is now faster and more efficient.

For Business Name registration, the process typically takes between 3 to 7 working days, provided there are no errors in your application and all documents are correctly uploaded. This timeline includes name reservation, application submission, document upload, and final approval.

Here’s a breakdown of the typical timeline:

1. Name Reservation – 24 to 48 hours:
   Once you submit your business name reservation and pay the ₦500 fee, you usually get a response within 1–2 business days. If your name is rejected, you’ll need to reapply with a new name suggestion.

2. Business Name Registration – 3 to 5 days:
   After name approval, completing the registration form, uploading valid ID, and making the final payment (₦10,000), CAC will process your registration. If all details are accurate, approval is usually granted within 3–5 days.

3. Certificate Download – Same Day:
   Once approved, you can instantly download your CAC certificate and status report from your dashboard. No physical pickup is needed.

For Limited Liability Companies (LTD) or NGOs, the process may take longer, usually 7 to 14 working days, due to more complex documentation, the need for a Memorandum and Articles of Association (MEMART), and extra verification steps.

To speed up your registration:

• Double-check all documents before uploading

• Use CAC-approved ID types (National ID, Voter’s Card, Passport, etc.)

• Ensure names submitted are unique and compliant

• Monitor your email or dashboard for CAC updates

In summary, 3–7 working days is the typical waiting period for Business Name registration, while more complex setups may require additional time.

How long does it take to register a business in Nigeria?

Registering a business in Nigeria has become a streamlined and fully digital process, thanks to reforms by the Corporate Affairs Commission (CAC).

In 2025, most simple business registrations can be completed within 3 to 7 working days, while more complex registrations may take up to 14 working days.

Here’s a step-by-step breakdown of how long each stage takes:

1. Name Reservation (1–2 days):
   You begin by reserving your preferred business name. This process usually takes 24–48 hours, depending on how unique or compliant your name is. If your name is rejected, you’ll need to resubmit another one.

2. Form Filling and Document Upload (Same Day):
   After approval, you can immediately proceed to fill out your business details, upload necessary identification (e.g., National ID, Voter’s Card), and complete your payment.

3. CAC Review and Approval (2–5 days):
   Once submitted, CAC officers will review your application. If everything is accurate and complete, your business name or company will be approved within 3–5 working days.

4. Certificate Issuance (Instant):
   After approval, your CAC certificate and status report will be available for download from your dashboard. You can print and use them right away for bank account opening and official transactions.

For more complex structures like:

• Private Limited Companies (LTD)

• Incorporated Trustees (NGOs, Churches)

• Partnerships

…registration can take between 7 to 14 working days due to more detailed scrutiny and document requirements.

To speed up the process:

• Use unique and compliant business names

• Submit accurate personal and business details

• Monitor the CAC dashboard and email for notifications

If done correctly and online, a basic business name registration can be completed within one week or less without visiting any CAC office.

What is the cheapest way to register a business?

The cheapest way to register a business in Nigeria is by doing it yourself online through the official Corporate Affairs Commission (CAC) portal at https://pre.cac.gov.ng. By cutting out middlemen and agents, you only pay the mandatory fees and avoid extra service charges.

Here’s how to do it affordably:

1. Choose Business Name Registration:
   This is the most cost-effective option for small businesses, freelancers, or startups. It costs ₦10,000 for registration and ₦500 for name reservation, totaling ₦10,500.

2. Skip Agents and Consultants:
   Most agents charge an additional ₦5,000 to ₦20,000 for helping with the process. If you’re confident in using online platforms, you can follow the steps on the CAC portal and save that money.

3. Prepare Your Documents:
   All you need is a valid means of identification (National ID, Voter’s Card, Driver’s License, or International Passport) and a passport photo (if requested). Having this ready speeds up the process and avoids mistakes.

4. Use Public Resources:
   Many free YouTube tutorials, blog posts, and government resources walk you through the CAC registration steps. These can be helpful if it’s your first time.

5. Submit Everything Online:
   The CAC platform now allows full online submission, payment, and certificate download. No courier or in-person visits are required—saving both time and money.

6. Monitor and Avoid Errors:
   Double-check your form entries and uploads to avoid delays or rejections that may force you to spend more on corrections.

In conclusion, the cheapest way to register a business in Nigeria is to register a Business Name directly online, pay the CAC fees yourself, and follow free guides. You can register your business for just ₦10,500, making it one of the most affordable legal business setup options in Africa.

What is the CAC annual return?

The CAC annual return is a mandatory yearly filing that businesses registered with the Corporate Affairs Commission (CAC) in Nigeria must submit to confirm their continued existence and operational status. It is not a tax but a compliance requirement meant to keep your business active and up-to-date in the CAC registry.

The annual return contains important details such as:

• The current status of the business

• Names of business owners or directors

• Business address

• Shareholding structure (for companies)

• Confirmation that the business is still operating

Here’s why it’s important:

1. Legal Compliance:
   Filing your annual return ensures that your business remains in good standing with CAC and helps you avoid penalties or eventual deregistration.

2. Avoiding Late Fees:
   Failure to file annual returns can result in hefty fines that accumulate over time. These fines must be paid before you can make any changes to your business (e.g., change of name, adding directors).

3. Access to Business Services:
   Many banks, government programs, and fintechs check your CAC status. If your business is listed as inactive due to non-filing, you may be denied access to financial products or partnerships.

Filing Schedule:

• Business Name: File after the first 18 months of registration and annually thereafter.

• Limited Liability Company (LTD): File annually, starting from 12 months after incorporation.

• Incorporated Trustees (NGOs): File not later than 30 June each year.

Where to File:
Filing is done online via the CAC portal (https://pre.cac.gov.ng). You’ll need your business name, registration number, and other updated business details.

In summary, the CAC annual return is a critical part of staying legally compliant in Nigeria. It confirms your business is still active and saves you from penalties and potential legal issues.

How many days does it take to register a business name in Nigeria?

Registering a business name in Nigeria through the Corporate Affairs Commission (CAC) is now much faster due to the full digitalization of the registration process.

In most cases, it takes between 3 to 7 working days to complete the entire registration—if all information is accurate and the documents are valid.

Here’s a step-by-step timeline:

1. Name Reservation (1–2 days):
   The first step is to reserve your business name. This usually takes 24 to 48 hours. If your chosen name is unique and meets CAC naming rules, it will be approved quickly.

2. Document Submission and Payment (Same Day):
   After your name is approved, you fill out your business details, upload identification documents, and pay the registration fee (₦10,000). If done immediately, this process takes a few hours.

3. CAC Review and Approval (2–4 days):
   CAC officers will verify your application. If everything is correct and no issues are found, they’ll approve the registration within 2 to 4 working days.

4. Certificate Download (Instant):
   Once approved, you can instantly download your CAC certificate and status report from the portal. No physical visit is needed.

Common Reasons for Delay:

• Errors in name choice or spelling

• Wrong or unclear ID documents

• Network or portal issues

• Incomplete form submission

To avoid delays:

• Choose a unique and valid business name

• Use clear, government-approved IDs

• Monitor your email for CAC feedback

So, if you follow the steps carefully, registering a business name can be done in under a week, making it one of the fastest and most affordable ways to start legally operating a business in Nigeria.

What will happen if I don’t register my POS with CAC?

Operating a POS (Point of Sale) business in Nigeria without registering it with the Corporate Affairs Commission (CAC) can lead to several limitations and risks, especially in today’s regulated financial environment.

While you can technically start informally, failing to register your POS business puts you at a serious disadvantage.

Here’s what could happen:

1. Limited Access to Fintech Platforms:
   Most top POS providers like Opay, Moniepoint, Palmpay, and Kudi now require a CAC certificate before fully activating your agent profile. Without it, you may be limited in transaction volume or completely unable to operate.

2. Bank Account Restrictions:
   Opening a corporate account or wallet in your business name will not be possible without CAC documentation. You’ll be stuck using a personal bank account, which can cause confusion and trust issues with clients.

3. Missed Business Opportunities:
   You may be ineligible for grants, business loans, government schemes, or fintech incentives aimed at registered business owners. Many of these programs require a CAC certificate, TIN, or SMEDAN ID.

4. Legal Consequences:
   Operating a money-related business without formal registration may lead to future legal troubles, especially if complaints or investigations arise. It could even lead to regulatory fines or business closure.

5. Loss of Customer Trust:
   Customers are increasingly looking for signs that a POS agent is legitimate and reliable. Displaying your CAC certificate helps build confidence and may even attract higher-value clients.

6. Future Business Growth Limitations:
   You won’t be able to easily scale your business, partner with other agents, or apply for contracts if your business isn’t legally recognized.

In summary, while CAC registration isn’t strictly required to start a POS business, not having it exposes you to operational, legal, and financial risks. For as little as ₦10,500, you can register your business name and unlock a world of opportunities.

What is POS business called?

The POS business in Nigeria is commonly referred to as a Point of Sale (POS) Agent Business or Mobile Money Agent Business. It is part of the agent banking system, which allows financial service providers—such as banks and fintech companies—to extend basic banking services to underserved or unbanked communities through independent agents.

In formal terms, the Central Bank of Nigeria (CBN) classifies POS businesses under the broader category of “Agent Banking” or “Financial Service Agents”.

These agents act as middlemen who offer banking services such as cash withdrawal, deposit, fund transfers, bill payments, and airtime sales using POS terminals.

Depending on how the business is registered, it may also be legally referred to as:

• Business Name (e.g., “Chuka Ventures”)

• POS Services Provider

• Mobile Financial Services Agent

• Retail Financial Service Outlet

Some POS agents choose to register their business with a specific niche such as:

• Agent Banking Services

• Fintech Services

• Financial Solutions

• Mobile Money Services

The name you choose during CAC registration can reflect the services you provide. For example, “OlaPay Ventures” or “Favour Mobile Payments” would clearly indicate a financial services business.

Most POS businesses operate under partnerships with licensed operators like:

• Opay

• Moniepoint

• Palmpay

• Kuda

• Baxi

• Firstmonie (First Bank)

• Access Closa (Access Bank)

These parent companies supply the terminals, software, and back-end infrastructure, while you operate the business under your own registered name as a retail agent.

In essence, while people on the street call it “POS Business,” the correct term is “Mobile Money Agency” or “POS Agent Banking Business,” and it’s officially recognized under Nigeria’s financial inclusion framework.

How do I pay my CAC annual return?

Paying your CAC annual return in 2025 is a simple and fully online process via the Corporate Affairs Commission (CAC) portal. The goal of the annual return is to confirm that your business is still active and in compliance with regulatory requirements. Here’s how to pay it yourself:

1. Visit the CAC Portal:
   Go to https://pre.cac.gov.ng and log into your account using the credentials used during your business registration.

2. Click on “File Annual Return”:
   Once logged in, navigate to the section for annual returns. Click on “File Annual Return” for either Business Name or Company, depending on your registration type.

3. Choose the Appropriate Year:
   Select the year you want to file for. If you’ve missed previous years, you’ll need to file for all outstanding years before you can make new changes to your business details.

4. Enter Required Details:
   You’ll be prompted to enter current business information such as:

   • Business name

   • Address

   • Date of registration

   • Owner or director details

5. Pay the Fee:
   The cost varies depending on your business type:

   • Business Name: ₦2,000 per year (plus ₦500 convenience fee)

   • Limited Liability Company: ₦3,000–₦5,000 per year

   • Late Filing: Attracts penalties, sometimes ₦5,000+ depending on how late it is

6. Make Payment:
   Use your debit card or bank transfer option to complete payment through the Remita or paystack integration on the portal.

7. Download Receipt and Status Report:
   After payment and submission, your status will change to “Active,” and you can download the confirmation receipt or updated status report.

Important Notes:

• File the return yearly—even if your business is dormant.

• Keep your receipt and proof of submission.

• Filing on time avoids future penalties.

In summary, you can pay your CAC annual return fully online within 15–30 minutes if all details are in order.

Can I register CAC by myself?

Yes, you can absolutely register your business with CAC by yourself without using any third-party agents or lawyers. The Corporate Affairs Commission (CAC) has made business registration fully digital, allowing individuals to handle the process from start to finish through their official portal at https://pre.cac.gov.ng.

Here’s a simple guide to register your business by yourself:

1. Create an Account on CAC Portal:
   Visit the CAC portal and sign up with your email and phone number. Choose the type of account (individual or public user).

2. Reserve Your Business Name:
   Click on “Public Search” to check for name availability. Once you confirm it’s available, proceed to “Name Reservation.” Pay ₦500 to reserve your preferred business name. Approval typically comes within 24–48 hours.

3. Fill the Registration Form:
   After the name is approved, you’ll be guided to complete the business registration form. Here you’ll provide:

   • Your personal details

   • Business address

   • Nature of the business

   • Type of ownership (sole proprietor, partnership, etc.)

4. Upload Required Documents:
   Upload a valid government-issued ID (e.g., National ID, Voter’s Card, Passport). For limited companies, you may also need to upload MEMART documents.

5. Make Payment:
   Pay the registration fee online. For business names, the fee is ₦10,000. For companies, the cost is higher depending on the share capital.

6. Submit Application:
   Once submitted, CAC will review your documents. If everything is in order, your business will be approved within 3–7 working days.

7. Download Your Certificate:
   After approval, download your CAC certificate and status report. These documents are useful for opening a corporate bank account and getting a TIN.

In summary, you can easily register your business online in Nigeria without paying agents, making it both cost-effective and efficient.

How to calculate CAC registration fee?

Calculating the CAC registration fee depends on the type of business structure, share capital, and any additional services you might need. The Corporate Affairs Commission (CAC) uses a structured pricing system, and knowing how to calculate it helps you budget properly.

Here’s a breakdown by business type:

1. Business Name Registration:

   • Name Reservation Fee: ₦500

   • Registration Fee: ₦10,000

   • Total: ₦10,500
     This is the most affordable and is ideal for small businesses, freelancers, POS operators, and sole proprietors.

2. Private Limited Company (LTD):
   The cost depends on your declared share capital.

   • ₦1 million share capital: ₦10,000 (stamp duty) + ₦20,000–₦50,000 (filing fee)

   • ₦2 million to ₦5 million: higher filing fee, typically ₦50,000 to ₦100,000
     Add ₦500 for name reservation. Also, some fees for Articles of Association preparation (MEMART) may apply if not using CAC’s default template.

3. Incorporated Trustees (NGO, Church, Foundation):

   • Name reservation: ₦500

   • Registration fee: ₦30,000

   • Newspaper publications and legal documentation: ₦10,000 to ₦30,000 (external)

4. Other Charges (Optional/Additional):

   • Change of Name: ₦5,000–₦10,000

   • Annual Return Filing: ₦2,000–₦5,000

   • Certified True Copy (CTC): ₦2,000–₦3,000 per document

   • Late Filing Penalty: ₦5,000 or more

How to Calculate Total:
Add the name reservation fee to the base registration fee and include any optional services you may need. Example for a Business Name:
₦500 (Name Reservation) + ₦10,000 (Registration) = ₦10,500 total

For companies, factor in share capital. Example:
₦500 (Name Reservation) + ₦50,000 (LTD with ₦1 million share capital) + ₦10,000 (Stamp duty) = ₦60,500 total

Always check the CAC official fee schedule for updates before making payments.

Is CAC registration free?

No, CAC registration is not free in Nigeria. Every business owner is required to pay a fee to register their business or company through the Corporate Affairs Commission (CAC). The amount you pay depends on the type of registration and the structure of your business.

Here’s a breakdown of why it’s not free and what to expect:

1. Standard Registration Fees:

   • Business Name: ₦10,000 (plus ₦500 for name reservation)

   • Limited Liability Company: From ₦50,000 upward (based on share capital)

   • Incorporated Trustee/NGO: Starting from ₦30,000
     These are fixed by the CAC and must be paid via the official portal.

2. No Government-Funded Free Registration (Currently):
   In previous years, there were special government interventions (e.g., through SMEDAN or the Survival Fund) where CAC registration was subsidized or made free for a limited number of small businesses. However, as of 2025, there is no active free CAC registration program. Unless the government re-introduces such a scheme, all applicants must pay.

3. Be Careful of Scams:
   Some online platforms or agents claim to offer “free” CAC registration, but they often hide fees or ask for payment after you’ve started the process. Always register directly at https://pre.cac.gov.ng to avoid such risks.

4. Why It’s Not Free:
   CAC is a self-funded government agency. The fees cover administrative processing, document issuance, and legal authentication of your business. These registrations also provide you with official documents like the CAC certificate, which is necessary for bank accounts, loans, and legal compliance.

In summary, CAC registration is not free, and you should budget between ₦10,500 and ₦70,000, depending on your business type and structure. Only trust the official portal or verified agents.

Does Opay register CAC?

Opay does not directly register CAC for business owners or agents, but they strongly recommend and sometimes require that you register your business with the Corporate Affairs Commission (CAC), especially if you want to become a top-level POS agent or access business services through the Opay platform.

Here’s what you should know:

1. Requirement for POS Registration:
   While Opay allows new agents to start with a BVN and bank account, they often request a CAC certificate during full onboarding or when your transaction volume increases. The CAC certificate proves your business is legally registered, helping you access more features like:

   • Higher transaction limits

   • Instant settlement

   • Business account creation

   • Improved security and trust with customers

2. How They Support Agents:
   Opay doesn’t process the CAC application for you, but they may:

   • Guide you to register your business independently

   • Recommend CAC-certified agents or external platforms for help

   • Accept your CAC certificate upload via the Opay Business dashboard

3. Using CAC to Unlock More Services:
   If your business is registered, you can:

   • Create a business profile in the Opay app

   • Apply for a business account

   • Receive funds under your registered name

   • Access grants, partnerships, and tax registration (TIN)

4. How to Register for CAC If Needed:
   You can register your business at https://pre.cac.gov.ng. It’s fast, cheap (₦10,500), and takes only 3–7 working days.

In summary, Opay does not register CAC for you, but they encourage all POS agents to do it themselves. Having your CAC registration improves your chances of success and long-term partnership with Opay.

What are the requirements for CAC registration?

To successfully register a business or company with the Corporate Affairs Commission (CAC) in Nigeria, you need to meet certain documentation and information requirements.

These requirements vary slightly depending on whether you’re registering a Business Name, Limited Liability Company, or Incorporated Trustee (NGO).

Here are the basic requirements:

1. For Business Name (Sole Proprietorship or Partnership):
This is the most common type for small business owners and entrepreneurs.

• Proposed Business Name (2 options)

• Nature of Business (what you do)

• Business Address

• Valid Means of Identification (National ID, Voter’s Card, Driver’s License, or International Passport)

• Full Name, Email, Phone Number, and Residential Address of the proprietor(s)

• Passport photograph (optional, but useful)

• Signature (scanned or drawn digitally)

2. For Limited Liability Company (Private Company):
Suitable for larger businesses, companies with investors, or formal corporate entities.

• At least one Director and Shareholder (can be the same person)

• Company Name (2 name options)

• Company Address and Email

• Share Capital (Minimum ₦100,000 to ₦1 million or more)

• Details of Directors and Shareholders (Name, ID, contact info, occupation)

• Identification Documents

• Memorandum and Articles of Association (MEMART)

• Statement of Compliance signed by a legal practitioner (or use CAC’s self-service version)

3. For Incorporated Trustees (NGO, Church, Foundation):

• Two or more Trustees

• Objectives of the Organization

• Address of the Organization

• Minutes of Meetings and Constitution

• Means of Identification for all trustees

• Newspaper Publication Evidence

• Application Form and Signature of Trustees

It’s important to prepare your documents in PDF or JPEG format for easy upload. Having all the information ready will speed up the registration process on the CAC portal.

What is the deadline for POS registration?

As of 2025, there is no fixed national deadline for registering your POS business with the Corporate Affairs Commission (CAC), but timely registration is strongly encouraged to ensure compliance with Nigeria’s regulatory and financial laws. Here’s what you need to know:

1. CBN Guidelines for Agent Banking:
The Central Bank of Nigeria (CBN) requires that all agent banking operations—including POS businesses—be done through registered entities. While individual agents can start with just their BVN, full compliance eventually requires CAC registration.

2. Deadlines May Vary by POS Company:
Fintech platforms like Opay, Moniepoint, Palmpay, and Baxi may set internal deadlines requiring their agents to upload a CAC certificate. If you’re onboarded without CAC, you’re often given 30–90 days to submit your registration documents.

3. Implications of No Deadline:
Even though there’s no official cutoff date, failure to register your POS business could:

• Limit your access to high-volume transactions

• Affect your credibility with customers

• Disqualify you from business grants or loans

• Lead to fines or account restrictions if audited

4. State-Level and Market Associations:
In some areas, local governments or market associations may introduce deadlines for POS registration, demanding CAC or tax ID proof for you to continue operations in certain marketplaces or kiosks.

Recommendation:
It’s best to register your POS business within the first 1–2 months of starting operations. It costs as little as ₦10,500 and can be done online via the CAC portal. Early registration also prepares you for business growth and partnerships.

How much is the CAC fee 2025?

The CAC registration fee in 2025 varies depending on the type of business you want to register. While the fees are relatively stable, you should always confirm the latest rates directly from the CAC website or official announcements.

Here’s a clear breakdown of the standard CAC fees in 2025:

1. Business Name Registration (Sole Proprietorship or Partnership):

• Name Reservation: ₦500

• Registration Fee: ₦10,000

• Total Cost: ₦10,500

This option is best for small-scale businesses, freelancers, POS agents, and one-man ventures.

2. Private Limited Liability Company (LTD):
Fees depend on your share capital:

• ₦1 Million Share Capital or Less: ₦20,000–₦25,000

• ₦2–₦5 Million Share Capital: ₦50,000–₦75,000

• Stamp Duty: ₦10,000 (approx.)

• Name Reservation: ₦500

• Total Cost: ₦35,000–₦85,000+

This option is ideal for investors, tech startups, and growing businesses needing more structure and credibility.

3. Incorporated Trustee (NGO, Foundation, Church):

• Name Reservation: ₦500

• Registration Fee: ₦30,000

• Publication in Newspapers: ₦10,000–₦25,000 (varies by state and paper)

• Total Estimated Cost: ₦40,000–₦60,000

Additional Costs May Include:

• Annual Returns: ₦2,000–₦5,000/year

• Changes (e.g., name, directors): ₦5,000–₦10,000

• Document Retrieval (CTC): ₦2,000–₦3,000

There are no hidden charges if you register directly through the CAC portal. Some private agents may charge more for their services, so going DIY is more cost-effective.

How much do I need to start up a PoS business?

Starting a POS (Point of Sale) business in Nigeria in 2025 can be relatively affordable, especially if you plan well and start small. The initial startup cost depends on factors such as the POS provider you choose, your location, branding, and whether you need a kiosk or shop. On average, ₦50,000 to ₦150,000 is a good starting budget for most beginners.

Here’s a breakdown of the key costs:

1. POS Machine Acquisition:

• Opay, Palmpay, Moniepoint, Baxi, etc.

• Some platforms give POS terminals for free with a caution fee of ₦10,000–₦40,000.

• Others charge between ₦25,000 to ₦45,000 outright for a terminal.

2. Business Registration (CAC):

• Though not required immediately, it’s highly recommended.

• Business name registration with CAC: ₦10,500

3. Kiosk or Shop Setup (Optional):

• Kiosk Rent or Construction: ₦20,000–₦50,000 depending on your location.

• For roadside POS agents, an umbrella and chair may cost less than ₦5,000.

4. Branding and Setup Materials:

• Signage, banners, receipt booklets, and tables: ₦5,000–₦10,000

• Umbrella or shade structure: ₦3,000–₦8,000

5. Float Capital (Startup Cash):

• You need cash to handle customer withdrawals.

• Start with at least ₦20,000 to ₦50,000, depending on expected daily transactions.

Estimated Total Capital:

• Low budget option: ₦50,000–₦70,000

• Standard budget: ₦100,000–₦150,000

• Premium setup (with kiosk/shop): ₦200,000 or more

In conclusion, ₦100,000 is a realistic and safe amount to start a POS business with room to grow. Make sure to register your business, get a reliable POS provider, and set up in a location with strong foot traffic for better returns.

How much is the CAC filing fee?

The CAC filing fee is the amount charged by the Corporate Affairs Commission to process official business documents, particularly during and after registration. These fees vary based on the type of filing, such as business registration, post-incorporation changes, or annual returns.

Here’s a breakdown of CAC filing fees in 2025:

1. Business Name Registration:

• Name Reservation: ₦500

• Registration Fee: ₦10,000

• Total Filing Cost: ₦10,500

2. Company Registration (Private Limited Company):

• Based on share capital:

  • ₦1 million share capital: ₦20,000–₦25,000

  • ₦2–₦5 million share capital: ₦50,000–₦75,000

• Stamp Duty (payable to FIRS): ₦10,000 minimum

• Total Filing Cost: ₦35,000 to ₦85,000+

3. Post-Incorporation Filings:

• Change of Business Name or Director: ₦5,000–₦10,000

• Update of Business Information: ₦2,000–₦5,000

• Filing Annual Returns:

  • Business Name: ₦2,000/year

  • Company (₦1 million share capital): ₦5,000/year

  • Incorporated Trustees: ₦5,000/year

4. Document Retrieval & CTC:

• Certified True Copy (CTC): ₦2,000–₦3,000 per document

• Duplicate Certificate of Registration: ₦5,000

Important Note:
All CAC filing fees are standardized, and it’s best to file directly through the CAC portal to avoid paying more than necessary. External consultants or agents may add service fees, but the base CAC filing fee remains fixed.

How long does it take to get a CAC certificate after registration?

In 2025, getting a CAC certificate after registration is faster than ever due to improved automation on the CAC portal. However, the time it takes depends on the type of registration and how accurately you complete your application.

1. Business Name Registration (Sole Proprietorship or Partnership):

• Timeline: 3 to 5 working days
  If your documents and payment are in order, CAC processes most business name registrations within a week. Sometimes, you can get it in 24 to 72 hours during off-peak periods.

2. Limited Liability Company (LTD):

• Timeline: 5 to 10 working days
  This process takes slightly longer because it involves share capital validation, Articles of Association, and Statement of Compliance. If there are no errors, it’s completed within 7 working days.

3. Incorporated Trustees (NGOs, Churches, Foundations):

• Timeline: 3 to 5 weeks
  This includes name reservation, newspaper publication, and approval by the Attorney General of the Federation. It’s the most time-consuming type of registration.

Factors That Affect CAC Certificate Delivery Time:

• Accuracy of your application: Errors cause delays and rejections.

• Document Upload Quality: Blurry or wrong files slow things down.

• Public Holidays or Weekends: Processing only happens on working days.

• Network or CAC server delays: Occasionally, CAC portal maintenance causes backlogs.

How You Receive the Certificate:
Once approved, your CAC certificate is sent to your email or made available for download in your CAC dashboard. You do not need to visit any office physically.

In summary, expect your CAC certificate within 3 to 10 working days if your application is complete and error-free.

How to register your business with CAC by yourself?

Registering your business with the Corporate Affairs Commission (CAC) by yourself in Nigeria is now straightforward, thanks to the online self-service portal.

Whether you are registering a business name or a limited liability company, you can complete the entire process from your phone or laptop without hiring an agent.

Here’s a step-by-step guide to help you register your business on your own:

Step 1: Visit the CAC Portal
Go to https://pre.cac.gov.ng and create a free account using your email address and phone number. This gives you access to start the registration process.

Step 2: Reserve a Business Name

• Click on “Name Reservation”

• Submit two preferred business names

• Pay ₦500 for the reservation

• Wait 24 to 48 hours for approval
  If the name is approved, you can proceed to the registration stage.

Step 3: Fill the Registration Form
Once the name is approved:

• Log in to your dashboard

• Choose “Register Business Name”

• Fill in your business details: name, type, nature of business, address, owner’s info

• Upload valid ID card (National ID, Voter’s Card, etc.)

• Upload signature (scanned or drawn digitally)

Step 4: Make Payment

• Pay ₦10,000 registration fee using card or bank transfer

• Save the receipt for your records

Step 5: Submit Your Application

• Review your entries

• Submit and wait for CAC to review and approve your documents

• Approval usually takes 2–5 working days

Step 6: Download Your Certificate
Once approved, you’ll receive your CAC Certificate and Status Report by email or directly in your dashboard for download.

Doing your CAC registration yourself saves money, and you remain in full control of the process. It’s easy if you follow the steps correctly and upload clear, valid documents.

How do I register my CAC by myself?

Registering your CAC business by yourself in Nigeria is a cost-effective and simple process. The Corporate Affairs Commission (CAC) has a user-friendly online platform that allows individuals to register a business name or company without hiring a lawyer or agent.

Follow these easy steps to complete the registration:

Step 1: Create an Account on the CAC Portal

• Go to https://pre.cac.gov.ng

• Click “Create Account”

• Enter your name, phone number, email, and create a password

• Log in to access the dashboard

Step 2: Conduct Name Search and Reservation

• Navigate to “Public Search” to check name availability

• Then click “Name Reservation”

• Input two preferred names and pay ₦500

• Await approval within 24–48 hours

Step 3: Fill Out Registration Form

• After name approval, click “Register Business Name”

• Fill in business details: address, type of business, nature of business

• Add your personal details (full name, ID card info, phone, email)

• Upload scanned ID card and signature

Step 4: Pay Registration Fee

• Make payment of ₦10,000 online

• You can pay with a debit card or bank transfer through Remita

Step 5: Final Submission

• Double-check all information for accuracy

• Submit the application

• Wait for CAC to process it in 2–5 working days

Step 6: Download Your CAC Certificate

• Once approved, log into your dashboard to download the CAC Registration Certificate and Status Report

Doing your CAC registration by yourself is not only cheaper, but it also teaches you the basics of business compliance. Ensure you use valid documents and complete each step carefully to avoid rejections or delays.

What is the difference between business name and company registration?

In Nigeria, the Corporate Affairs Commission (CAC) offers two primary types of business registration: Business Name and Company Registration. These two structures serve different purposes and have unique implications for ownership, liability, and operations.

Here’s a breakdown of the main differences:

1. Legal Identity:

• Business Name: The business and the owner are the same legal entity. It’s also known as sole proprietorship or partnership.

• Company (LTD): A company is a separate legal entity from its owners. It can sue, be sued, and own assets independently.

2. Ownership & Structure:

• Business Name: Owned by one person or a group in a partnership, with minimal structure.

• Company: Can have 1 or more shareholders and directors with structured governance (board, shares, etc.).

3. Liability:

• Business Name: The owner has unlimited personal liability for debts.

• Company: Shareholders enjoy limited liability, meaning their personal assets are protected.

4. Perception & Opportunities:

• Business Name: More suitable for small businesses, local trade, and POS agents.

• Company: Appears more credible to banks, investors, and government bodies; often required for tenders or big contracts.

5. Cost & Process:

• Business Name: ₦10,500 total cost, simpler, faster (2–5 days).

• Company: ₦35,000–₦85,000+ depending on share capital; more documents needed (MEMART, director details).

6. Tax and Compliance:

• Business Name: Less strict; may not need a tax ID immediately.

• Company: Must get TIN, pay corporate tax, and file annual returns.

In summary, if you’re starting a small business like POS, fashion, food, or freelance work, a Business Name is sufficient. But if you plan to scale, attract investors, or register a startup, Company Registration is the better route.

Can I register my company with CAC by myself?

Yes, you can register your company with the Corporate Affairs Commission (CAC) by yourself without needing a lawyer or third-party agent.

Thanks to CAC’s digital platform, individuals and entrepreneurs in Nigeria can now complete their company registration online from the comfort of their homes or offices.

Here is a step-by-step guide on how to register your company yourself:

Step 1: Create an Account on CAC Portal

• Visit https://pre.cac.gov.ng

• Click “Create Account”

• Enter your details and verify your email to access the dashboard

Step 2: Reserve Your Company Name

• Select “Name Reservation”

• Enter two preferred names and pay ₦500

• Approval typically takes 24–48 hours

Step 3: Start Company Registration
Once your name is approved:

• Click “Register Company”

• Choose the company type: e.g., Private Company Limited by Shares (LTD)

• Fill in details:

  • Company name

  • Registered address

  • Business activity (nature of business)

  • Share capital (minimum ₦100,000)

  • Shareholding structure

  • Details of directors and shareholders

Step 4: Upload Required Documents
You’ll be asked to upload:

• Valid means of ID (National ID, Passport, Voter’s Card)

• Passport photograph

• Signature

• Memorandum and Articles of Association (CAC provides templates)

Step 5: Make Payment

• Pay registration fees based on your share capital

  • ₦20,000–₦25,000 for ₦1 million capital

  • Stamp duty payable to FIRS

• Use card, Remita, or bank payment options

Step 6: Submit and Wait for Approval

• After submission, CAC reviews and approves your application

• If successful, you’ll receive your CAC Certificate of Incorporation and Status Report via email in 5–10 working days

Doing it yourself helps you understand the structure of your business and saves you agency fees.

How long does a CAC name reservation last?

When you successfully reserve a name with the Corporate Affairs Commission (CAC), it is held for a specific period to allow you time to complete your business registration. In Nigeria, as of 2025, a CAC name reservation lasts for 60 days (2 months) from the date of approval.

Here’s what you need to know:

1. Duration of Reservation:

• Once your preferred business or company name is approved, it remains reserved for 60 days

• During this period, no other individual or business can register that name

2. What Happens After 60 Days?

• If you don’t complete your registration within the 60-day period, the reservation will expire automatically

• The name becomes available again to the public for reservation and use

3. Can You Extend It?

• CAC doesn’t automatically extend name reservations

• However, you can re-apply for the same name, but there’s no guarantee it will be approved again, especially if someone else reserves it

4. Recommended Timeline:

• It is best to complete your business or company registration within 1 to 2 weeks after name approval

• This ensures you don’t lose the name due to expiration or delays

5. Where to Check Your Reserved Name:

• Log in to your CAC dashboard

• Click on “My Reservations” to view the status and expiry date

• You’ll see the expiration countdown on your reserved name entry

6. How to Reapply If It Expires:

• Return to “Name Reservation”

• Input the same name and pay ₦500 again

• There’s no guarantee it will be re-approved, so act fast during the original period

In summary, CAC name reservation is valid for 60 days, and it’s important to complete registration during that time to avoid starting over.

What is the difference between CAC business and company registration?

The key difference between CAC business registration and CAC company registration lies in the structure, legal status, and responsibilities associated with each.

While both are legal ways of starting a business in Nigeria under the Corporate Affairs Commission, they serve different types of entrepreneurs and operational scales.

Here’s a detailed comparison:

1. Legal Structure:

• Business Name: Simple registration for sole proprietors or partnerships. It doesn’t have a separate legal identity from the owner.

• Company Registration (LTD): Involves setting up a separate legal entity (a limited liability company) that exists independently of the owner(s).

2. Liability:

• Business Name: The owner is personally liable for debts or legal issues.

• Company: Offers limited liability, meaning the owner’s personal assets are protected.

3. Ownership and Management:

• Business Name: Owned by an individual or group (e.g., two partners). Simple management structure.

• Company: Can have multiple directors and shareholders, and involves structured governance and reporting.

4. Registration Process and Cost:

• Business Name: Easier and cheaper to register (₦10,500), and can be done in 2–5 days

• Company Registration: More complex and expensive (₦35,000–₦85,000+), and takes 5–10 working days

5. Operational Scale and Credibility:

• Business Name: Suitable for small or local businesses (POS agents, tailors, mini marts)

• Company: Ideal for startups, NGOs, and businesses seeking contracts, investors, or business accounts

6. Post-Registration Requirements:

• Business Name: Fewer obligations

• Company: Must obtain a Tax Identification Number (TIN), file annual returns, and sometimes pay corporate tax

In conclusion, a Business Name is great for small operators, while a Company Registration is essential for scaling, partnerships, and attracting formal opportunities.

What can I add to my business name?

When choosing a business name in Nigeria for CAC registration, it’s important to make it unique, relevant, and legally acceptable. The Corporate Affairs Commission (CAC) has guidelines for what can and cannot be included in a business name, especially for business name registration versus company registration.

Here are key things you can add to your business name:

1. Descriptive Words:
You can add words that describe the nature of your business. For example:

• “Foods”, “Fashion”, “Concepts”, “Ventures”, “Stores”, “Logistics”, “Enterprises”, etc.
  This helps CAC and customers understand what your business does.

2. Your Personal Name:
Using your first or last name is allowed. For instance:

• “Adebola Ventures”

• “Chinedu Fashion World”
  This adds personalization and is more likely to be approved, especially if it’s not too generic.

3. Location-Based Words:
You may include geographical references like “Abuja Ventures”, “Lagos Solutions”, etc., to indicate your target market. However, CAC may ask for evidence or justification if the name implies government affiliation or public service.

4. Creative or Unique Words:
Invented or coined terms are allowed as long as they are not misleading, offensive, or too similar to existing names.

What You CANNOT Add Without Approval:

• Words like “Group”, “Holdings”, “Foundation”, “Incorporated”, or “Limited” are reserved for company registrations

• Government-related terms like “National”, “Federal”, “Ministry”, or “Authority” require special approval

• Names that suggest a professional service (like Law, Medicine, Engineering) require proof of qualification

Tips for Fast Approval:

• Make your name simple and clear

• Avoid names similar to existing businesses

• Combine personal names with business type (e.g., Emeka Motors, Lami Ventures)

Choosing the right additions to your business name boosts credibility and helps in smooth CAC approval.

How do I know if my business name is registered with CAC?

To know whether your business name is registered with the Corporate Affairs Commission (CAC) in Nigeria, you can conduct a free online public search using the CAC’s official website.

This helps you verify the existence and legal status of a business or check if someone else has already registered a name you’re planning to use.

Follow these steps to check if a business name is registered:

Step 1: Visit the CAC Public Search Portal

• Go to https://search.cac.gov.ng

• This page allows public access to search registered business names, companies, and incorporated trustees.

Step 2: Enter the Business Name

• In the search bar, type the exact business name you want to verify

• Try variations if you’re not sure of the spelling or punctuation

Step 3: Review the Results

• If the name is registered, it will appear in the results with its RC or BN number, registration date, and status (e.g., active, inactive)

• If no results appear, the name is either not registered or not spelled correctly

Step 4: Confirm Details (Optional)

• For deeper verification, you can contact CAC directly or use your account dashboard if you have one

• CAC offices can also confirm details physically if needed

Why Check for Registration?

• To ensure your name is available before registering

• To verify the authenticity of a business

• To prevent name duplication, which leads to CAC rejection

Pro Tip:
Before starting your business registration, always search the name first. If your preferred name already exists, modify it slightly or choose a different name to avoid delays.

Can I register CAC online by myself in Nigeria?

Yes, you can register your business or company with the Corporate Affairs Commission (CAC) online by yourself in Nigeria. The CAC has simplified the entire registration process, making it accessible to anyone with a phone or computer and an internet connection.

Here’s how to do it:

Step 1: Create an Account

• Visit https://pre.cac.gov.ng

• Sign up with your full name, phone number, and email

• Verify your account to gain access to the portal

Step 2: Reserve a Name

• Use the “Name Reservation” tab to submit two name options

• Pay ₦500 for the reservation

• Wait for approval within 24–48 hours

Step 3: Register the Business or Company

• After approval, return to your dashboard

• Choose “Register Business Name” or “Register Company”

• Complete the online form with your business details

Step 4: Upload Required Documents

• Valid ID card (National ID, Voter’s Card, Driver’s License, or Passport)

• Passport photograph

• Signature

• For companies: Memorandum and Articles of Association (CAC has templates)

Step 5: Make Payment

• Pay the required fee (₦10,000 for business names; ₦20,000–₦85,000 for companies)

• Payment is made via card or bank transfer through Remita

Step 6: Submit Application

• Review all entries and submit

• Wait for approval (usually within 2–5 working days)

Step 7: Download Your Certificate
Once approved, you can download your Certificate of Registration and Status Report from your CAC dashboard.

Registering online yourself is not only easy and cheap, but it also gives you full control of the process without involving a third party.

How much is the CAC fee 2025?

As of 2025, the cost of registering a business or company with the Corporate Affairs Commission (CAC) in Nigeria depends on the type of registration you are applying for.

CAC fees are structured around different business entities such as business names, limited liability companies, and incorporated trustees.

Here is a breakdown of the current CAC fees for 2025:

1. Business Name Registration (Sole Proprietorship or Partnership):

• Name reservation: ₦500

• Registration fee: ₦10,500 (includes ₦10,000 for registration and ₦500 for name reservation)

• Total cost: ₦10,500
  This is the cheapest and fastest route to legally register your small business.

2. Company Registration (Private Limited Company – LTD):

• Name reservation: ₦500

• Registration fee:

  • ₦20,000 for share capital of ₦1 million or less

  • ₦30,000–₦100,000 for companies with higher share capital

• Stamp Duty: Varies based on share capital (typically ₦5,000–₦10,000)

• Total cost range: ₦25,000 – ₦85,000+
  This type of registration gives your business a legal identity, corporate structure, and limited liability.

3. Incorporated Trustees (NGOs, Churches, Foundations):

• Name reservation: ₦5,000

• Registration fee: ₦20,000

• Publication fee: ₦10,000 – ₦25,000 (depending on newspaper and location)

• Total cost: ₦35,000 – ₦50,000+

Other Optional Charges:

• Filing corrections or post-incorporation documents: ₦3,000 – ₦10,000

• Annual returns: ₦1,000 for business names; ₦3,000 – ₦5,000 for companies

The CAC fee in 2025 remains affordable, especially with the government’s continued push to support ease of doing business. All payments are made via the Remita platform integrated into the CAC portal.

How much is the CAC filing fee?

The CAC filing fee refers to the charge you pay when you submit or update official documents with the Corporate Affairs Commission (CAC), aside from the initial business registration.

These fees are important when making post-incorporation changes, annual filings, or updates to your registered business or company information.

Here’s a breakdown of the common CAC filing fees in 2025:

1. Annual Return Filing Fees:

• Business Name: ₦1,000 per year (₦2,000 for default penalties if late)

• Private Company with less than ₦1 million share capital: ₦3,000

• Private Company with over ₦1 million share capital: ₦5,000+

2. Change of Business Details (Filing Fee):

• Change of business address: ₦2,000 – ₦3,000

• Change of proprietor details: ₦3,000 – ₦5,000

• Update of company objects (for LTDs): ₦5,000 – ₦10,000

3. Other Post-Incorporation Filings:

• Change of Company Name: ₦10,000 – ₦20,000

• Appointment/Removal of Directors: ₦5,000 – ₦10,000

• Increase in Share Capital: Varies based on amount (usually from ₦5,000 upward)

• Conversion of Business Name to Company: ₦10,000 – ₦15,000

4. Certified True Copy (CTC) Fees:

• CTC of Certificate of Incorporation: ₦3,000 – ₦5,000

• CTC of other documents: ₦1,000 – ₦2,000 per page

All these fees are payable through the CAC online portal using a card or Remita. After successful payment, you can track and download the filed documents directly from your dashboard.

Filing fees ensure your business stays compliant with regulatory requirements, and failure to pay may attract penalties or hinder access to certain business privileges.

How much is CAC registration for POS?

To operate a POS business legally in Nigeria, you need to register it as either a business name or a company with the Corporate Affairs Commission (CAC). Most POS agents and operators register as a Business Name, which is cheaper and simpler.

Here’s how much CAC registration for a POS business costs in 2025:

1. Business Name Registration (Recommended for POS):

• Name Reservation: ₦500

• Registration Fee: ₦10,000

• Total Cost: ₦10,500
  This is ideal for individuals running a POS terminal under their own name or a small brand name (e.g., TundePay Ventures, QuickCash POS).

2. Company Registration (Optional – for scaling up):
If you plan to run a POS chain or hire other agents under your business, a company structure may be better.

• Name Reservation: ₦500

• Company Registration Fee: ₦20,000 (for ₦1 million share capital)

• Stamp Duty & Miscellaneous: ₦5,000 – ₦10,000

• Total Cost: ₦25,000 – ₦35,000+

3. Additional Costs (If Applicable):

• TIN (Tax Identification Number): Usually free but required for opening a corporate bank account

• Bank Requirements: Some banks may ask for a business certificate, ID, passport photo, and utility bill to activate your POS account

Best Option for New POS Agents:
Go for Business Name Registration unless you’re planning to build a large POS network or apply for contracts. It’s fast (2–5 days), cheap, and legally accepted by all banks and fintechs like Opay, Moniepoint, and Palmpay.

How to register a small business in Nigeria?

Registering a small business in Nigeria has become a straightforward process thanks to the digitalization of the Corporate Affairs Commission (CAC).

Whether you’re starting a POS business, fashion brand, mini importation, or food delivery service, registering gives your business legal backing, trust, and access to financial services.

Here’s a step-by-step guide to register your small business in Nigeria:

Step 1: Choose a Unique Business Name
Think of 2 distinct and relevant names. Include terms like “Ventures,” “Concepts,” “Enterprises,” etc. Avoid names that sound like government bodies or existing trademarks.

Step 2: Conduct a Name Availability Search
Visit https://search.cac.gov.ng to check if your name is available. This helps avoid rejection during the reservation stage.

Step 3: Reserve the Business Name
Go to https://pre.cac.gov.ng and create an account.

• Navigate to “Public Search” → “Name Reservation”

• Fill in your name options and business type

• Pay ₦500 for reservation

• Wait 24–48 hours for approval

Step 4: Complete Business Registration
Once the name is approved:

• Log in again and select “New Registration”

• Fill in business details: name, nature, address, proprietors’ info

• Upload your valid ID and passport photo

• Make the registration payment (₦10,000)

Step 5: Submit and Await Approval
After submission, CAC will review your application. If successful, you’ll receive a certificate within 2–5 business days.

Step 6: Download Your CAC Certificate
Log in to your CAC dashboard and download your Certificate of Registration and Status Report.

Benefits:

• Legal business recognition

• Access to business loans and grants

• Ability to open a corporate bank account

• Avoids regulatory issues and builds trust

Registering your small business gives you long-term credibility and protects your brand identity under Nigerian law.

What are the requirements to register my business?

To register a business with the Corporate Affairs Commission (CAC) in Nigeria, you’ll need to meet a few basic requirements. These requirements vary slightly depending on whether you’re registering a business name (for sole proprietors/partnerships) or a company (like an LTD).

Below are the key requirements for each:

1. For Business Name Registration (Sole Proprietor or Partnership):

• Proposed Business Names: Two unique name options

• Business Objectives: What your business does (e.g., clothing, POS services, consulting)

• Full Name of Proprietor(s): Names must match official ID

• Residential Address: Of each proprietor

• Business Address: Can be the same as residential if you work from home

• Valid Identification: One of the following:

  • National ID (NIN)

  • Voter’s Card

  • Driver’s License

  • International Passport

• Passport Photograph: Clear and recent (digital format)

• Signature Upload: Scanned signature in .jpeg or .png

2. For Company Registration (Private LTD):

• Company Name Options

• Nature of Business/Objects

• Share Capital (e.g., ₦1 million)

• Director(s) Info: At least one Nigerian director is required

• Shareholder Info: Can be same as directors

• Address of Directors/Company Office

• Memorandum & Articles of Association (CAC provides template)

• Valid ID for all Directors/Shareholders

• Tax Identification Number (TIN) – automatically generated during registration

Technical Requirements:

• A working email address

• Access to a smartphone, tablet, or computer

• Internet connection for uploading and payment

Meeting these requirements ensures a smooth registration process. Always ensure your documents are correct and clearly scanned to avoid rejection.

What are the lucky names for business?

Lucky business names are those that not only sound good but also attract customers, create a strong brand image, and bring positive energy to your business.

In Nigeria, many entrepreneurs believe in using names that blend creativity, spirituality, local culture, and meaningful words to bring luck and prosperity.

Here are tips and examples of lucky business names that work well in Nigeria:

1. Use Positive & Empowering Words:
Names like Success, Victory, Blessed, Divine, or Glory carry positive connotations.
Examples:

• Divine Ventures

• Success Point POS

• Glory Touch Enterprises

2. Include Local Names or Phrases:
Incorporating Yoruba, Igbo, or Hausa words gives your brand cultural roots.
Examples:

• OluwaBlessed Fashion

• ChukwuMart Stores

• Zamani Concepts

3. Blend Names & Meanings:
Combine parts of your name or family names with success-related terms.
Examples:

• JemVic Logistics

• AdeWealth Global

• KenRich Motors

4. Use Numbers & Symbols (Sparingly):
Some believe numbers like “7” or “888” bring good luck or fortune.
Examples:

• Triple8 Collections

• Lucky7 Enterprises

5. Include Spiritual or Religious Themes:
Faith-based names are very common and often seen as lucky.
Examples:

• God’s Time Ventures

• Jehovah Jireh POS

• Kingdom Deals

6. Words That Evoke Growth & Stability:
Examples:

• Evergreen Foods

• SteadyRise Enterprises

• SurePath Ventures

While luck can be symbolic, the key to success is building a trustworthy brand. Choose a name that’s meaningful, easy to pronounce, memorable, and available for registration with CAC.

How do I check if a business name is available on CAC?

Before registering your business with the Corporate Affairs Commission (CAC) in Nigeria, it’s essential to check if the name you intend to use is available.

This process helps avoid rejection and delays during registration. Fortunately, CAC provides a free and easy-to-use public name search portal that anyone can access.

Here’s how to check if a business name is available on CAC:

Step 1: Visit the CAC Public Search Portal
Go to https://search.cac.gov.ng using your browser. This is the official platform to search for existing business names.

Step 2: Enter Your Proposed Name
In the search bar, type the business name you want to check. Avoid adding suffixes like “Enterprises,” “Ventures,” “Limited,” or “Company.” For example, if your proposed name is “Bright Future Enterprises,” simply search Bright Future.

Step 3: Analyze the Search Results
If the name or something very similar shows up in the results, it means it’s already taken or too close to an existing name. You’ll need to come up with a more unique option.
If “no record found” appears, then the name is likely available for reservation.

Step 4: Choose Two Name Options
Even if your preferred name is available, CAC requires two names during reservation. This ensures you have a backup if the first choice is rejected due to similarity or other restrictions.

Pro Tips for a Successful Name Search:

• Avoid generic terms like “Nigeria Limited,” which are often rejected

• Do not use government-related or religious institution names

• Make your name unique and brandable

• Stick to 2–3 simple words for easier approval

Checking name availability is a crucial first step that helps streamline the registration process. Always confirm the availability before proceeding with reservation or payment.

How to start a small business in Nigeria from home?

Starting a small business from home in Nigeria is both practical and cost-effective. With access to a smartphone, internet connection, and basic resources, you can launch a profitable venture without renting office space.

Whether you’re a student, stay-at-home parent, or full-time employee, starting from home gives you flexibility and low overhead costs.

Here’s a step-by-step guide to start a home-based business in Nigeria:

1. Choose a Profitable Business Idea
Pick a business that suits your skills and has market demand. Examples include:

• POS agent business

• Mini importation

• Dropshipping

• Freelance writing or graphic design

• Skincare or haircare production

• Food delivery or baking

2. Conduct Market Research
Identify your target audience, competitors, and pricing strategy. Use WhatsApp groups, Facebook communities, and Jiji to understand customer preferences.

3. Register Your Business with CAC
Legalize your business by registering with CAC as a Business Name (costs about ₦10,500). This builds credibility and allows you to open a business bank account.

4. Set Up a Functional Home Office or Space
Create a small but dedicated work area in your house. Ensure good lighting, a clean background (for online sales or meetings), and basic supplies.

5. Promote Your Business Online
Use free platforms like:

• WhatsApp status

• Facebook Marketplace

• Instagram

• TikTok
  You can also run cheap ads or list your service on local directories.

6. Track Your Finances
Use apps like Wave, Palmpay Business, or Excel to record income and expenses. This helps you stay profitable and organized.

Starting from home is a smart way to reduce costs while building a customer base. Focus on value delivery, customer service, and marketing to scale your business.

How do I get my CAC certificate?

Once your business registration has been completed and approved by the Corporate Affairs Commission (CAC), your CAC certificate and business documents become available for download online. The certificate is your official proof of registration and is accepted by banks, clients, and government bodies.

Here’s how to get your CAC certificate step by step:

1. Complete the Registration Process
Make sure you’ve:

• Reserved your business name

• Filled out all necessary forms

• Uploaded valid ID and passport photograph

• Paid the required registration fee (₦10,000 for business name)

2. Wait for CAC Approval
After submission, your application goes into review. This usually takes between 2 to 5 business days. You’ll receive a notification via email or on your CAC dashboard once your registration is approved.

3. Log in to Your CAC Portal
Go to https://pre.cac.gov.ng and log in using the email and password you used during registration.

4. Access Your Dashboard
Click on “My Registration” or “Registered Business” under your profile. You will see your approved application listed there.

5. Download the Certificate and Status Report
Click on your business name and download the following documents:

• Certificate of Registration (PDF format)

• Status Report (CAC Form BN 1) which shows your business details and is often required by banks

6. Print and Save Copies
You can print the certificate for use in official dealings. You should also save a digital copy in email or cloud storage for easy access.

The certificate serves as a proof of legal existence and is accepted by commercial banks, regulatory agencies, and online platforms like Opay or Flutterwave.