A Business Name registration is a process that legally recognizes your sole proprietorship in Nigeria. It’s a simpler alternative to incorporating a limited liability company and a popular choice for those seeking an affordable yet official way to establish their business identity in the Nigerian market.

• Check for availability of the proposed company name
• After the name has been approved, use the availability code to start the process of registration and fill all necessary forms on the Company Registration Portal
• Complete the pre-registration form – CAC-BN01 and upload relevant registration documents and information online using the Company Registration Portal
• Pay filing fees
• Upon completion of the registration of any entity on the portal, your registration is approved by the Commission, and an E-Certificate and Certified Extract of Registration information are automatically generated to your dashboard where you can download

• Details of the proprietor (name, address, and occupation)
• Means of Identification, signature, and passport of the proprietor
• Registered office address of the business
• Nature of business

No, anyone below the age of 18 years cannot be a proprietor.

• Ownership: A Business Name is owned by an individual, while a Limited Company is owned by shareholders.
• Liability: Personal liability for debts in a Business Name; Limited Company has limited liability.
• Taxation: Business Names are taxed on personal income; Limited Companies on corporate profits.
• Compliance: Less formal compliance for Business Names; Limited Companies have more regulatory requirements.
• Capital Raising: Limited Companies can raise capital through shares; Business Names rely on personal funds or loans.

Yes, it’s possible to upgrade a registered Business Name to a Limited Liability Company at a later stage. Please reach out to us on 09034086536 to advise on how to get this done.

• Ability to open Corporate Accounts
• Customers/Clients take you more seriously if your Company is registered
• Banks only grant business loans to registered businesses
• Your Company becomes your brand
• Investors are more comfortable with a registered business.

In Nigeria, certain types of businesses cannot be registered as a Business Name due to CAC regulations. This includes sectors such as schools, travel and tour agencies, oil and gas, and financial services. These industries typically require more formal business structures due to their nature and regulatory requirements.

CAC will issue a certificate of registration and a status report after the approval of the registration.

Foreigners cannot carry on or join in carrying on business under a business name. But can register as Limited Liability.