When people search for “CAC certificate,” they are often looking for information on how to register a business name or company in Nigeria. The Corporate Affairs Commission (CAC) is the government agency responsible for regulating business registration, and obtaining a CAC certificate is proof that your business is officially registered. In this comprehensive guide, we will explain what a CAC certificate is, why it is important, and how to get one for your business.
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What is a CAC Certificate?
A CAC certificate is an official document issued by the Corporate Affairs Commission (CAC) in Nigeria. It serves as proof that your business has been legally registered with the government. This certificate contains essential details such as:
The registered name of the business
Registration number
Date of incorporation or registration
Type of business entity (e.g., business name, company, or incorporated trustees)
Whether you are registering a business name, a limited liability company (LLC), or an incorporated trustee, the CAC certificate is your key to operating legally in Nigeria.
Why is a CAC Certificate Important?
Having a CAC certificate is crucial for several reasons:
- Legal Recognition: It proves that your business is recognized by law, protecting it from being considered an illegal entity.
- Access to Bank Accounts: A CAC certificate is a requirement for opening a corporate bank account in Nigeria.
- Credibility and Trust: It boosts your business’s credibility, making it easier to attract clients, partners, and investors.
- Access to Loans and Grants: Many financial institutions and organizations require a CAC certificate before offering loans or grants.
- Contract Opportunities: Businesses with a CAC certificate are eligible to bid for government contracts and other business opportunities.
Types of CAC Certificates
The type of CAC certificate you receive depends on the kind of business entity you register. Below are the main types:
- Business Name Registration Certificate: For sole proprietorships and partnerships.
- Company Incorporation Certificate: For limited liability companies (LLCs).
- Incorporated Trustees Certificate: For non-profits, NGOs, churches, and associations.
How to Get a CAC Certificate in Nigeria
Here is a step-by-step guide to obtaining your CAC certificate:
Step 1: Decide on a Business Structure
The first step is to determine the type of business you want to register. Common options include:
Business Name (for sole proprietorships and partnerships)
Limited Liability Company (LLC) (for small to large enterprises)
Incorporated Trustees (for non-profit organizations)
The requirements and registration process vary depending on the structure you choose.
Step 2: Choose a Unique Business Name
Your business name must be unique and not already in use by another entity. To check name availability:
- Visit the CAC public search portal at https://search.cac.gov.ng.
- Enter your desired name to see if it is available.
- Reserve the name by paying the applicable fee. We help you handle this.
Step 3: Gather the Required Documents
Prepare the following documents based on your business type:
For a Business Name:
Proposed business name
Nature of the business
Passport photograph of the proprietor(s)
Address of the business
For a Limited Liability Company:
Approved business name reservation
Names and details of directors (at least one director)
Share capital details (minimum share capital depends on the business type)
Identification documents (e.g., national ID, passport, or driver’s license)
Passport photographs of directors and shareholders
For Incorporated Trustees:
Approved name reservation
Details of trustees (names, addresses, and identification)
Constitution of the organization
Minutes of the meeting where trustees were appointed
Step 4: Register Your Business Online
To register your business, follow these steps:
- Create a CAC Account:
Visit the CAC registration portal at https://www.cac.gov.ng.
Create an account or log in if you already have one.
- Complete the Registration Form:
Fill out the form with accurate information, including the business name, address, and owner details.
- Upload Required Documents:
Scan and upload all necessary documents as listed above.
- Pay the Registration Fee:
The registration fee depends on the business type. Payment can be made online via the CAC portal.
Step 5: Submit Your Application
After completing the registration process and paying the required fees, submit your application. The CAC will review your documents, and if everything is in order, your application will be approved.
Step 6: Receive Your CAC Certificate
Once your registration is approved, you will receive an email notification. The CAC certificate can be downloaded directly from the portal. Ensure you save and print a copy for your records.
How Long Does It Take to Get a CAC Certificate?
The entire registration process typically takes between 5–10 working days, depending on the type of business and the accuracy of your documents. Name reservation may take an additional 24–48 hours.
Common Challenges and How to Avoid Them
- Name Rejection: Choose a name that is unique and not similar to an existing business.
- Incomplete Documents: Double-check that all required documents are complete and meet CAC standards.
- Incorrect Information: Ensure all information provided is accurate to avoid delays.
How Much Does It Cost to Get a CAC Certificate?
The cost of obtaining a CAC certificate depends on the business structure:
Business Name: ₦10,000 (excluding other fees like name reservation and agency fee)
Limited Liability Company: Starting from ₦50,000, depending on the share capital
Incorporated Trustees: ₦110,000 and above
Additional fees may apply for optional services like professional assistance.
Benefits of Using a CAC Accredited Agent
If the registration process seems daunting, you can hire a CAC-accredited agent like CACregistration.com to handle the process for you. Benefits include:
Faster processing
Error-free applications
Expert guidance on business structure and compliance
Conclusion
Getting a CAC certificate is an essential step in formalizing your business in Nigeria. By following the steps outlined in this guide, you can successfully register your business and obtain your certificate without unnecessary delays. If you need assistance, consider working with professionals to simplify the process.
For expert CAC registration services, visit CACregistration.com. We specialize in helping entrepreneurs register their business names, companies, and incorporated trustees seamlessly. Contact us today to get started!
Adebayo Oluwole is a seasoned chartered accountant and a member of Chartered Institute of Taxation of Nigeria with over twenty years of experience. His expertise cuts across accounting, auditing and taxation. He has helped hundreds of individuals translate their dreams into reality by offering them pre and post registration services. His focus is to help SMEs grow in the marketplace.