How To Register A Business Venture In Nigeria
Now you may want to know how much it cost to register a business name in nigeria.
How to register a business venture in nigeria. Nowadays the business registration process can easily be carried out online via cac company online registration portal with the assistance of an accredited lawyer to attest to the requisite incorporation documents. Note you can only use one at a time. Parties to a joint venture agreement in nigeria can be individuals or incorporated bodies. An individual seeking to engage in a little business venture may also register a business name in nigeria. Distributorship business opportunities in nigeria the business of distribution in nigeria is one of the most profitable businesses one can venture into and you will never regret becoming a distributor most newly emerging companies situated in the cities like abuja lagos fct kano aba onitsha and sub urban areas are in constant search of reliable distributors.
Steps to register a business in nigeria step 1. This means you have to take your. To register a business name for a sole proprietorship business all you have to do is walk to the cac offices located across the states and register your desired business name. Registering a business name means you have incorporated your business. A joint venture agreement is entered into before the company is incorporated.
The first step required from every person or entity doing business in nigeria is registering a company in nigeria. Which means your business is now an enterprise venture or limited. 1 create an account on the cac portal. Company and business name. When registering a business you must have your office with known address you must also have your business letter head with logo and your business official stamp.
To register llc in nigeria visit the cac office nearest your state of residence and request for name reservation or name availability check. The rationale behind the joint venture is that every person or business entity has greater strength resource and comparative advantage to deliver on a key component required for the effective delivery of a. If you have done the foregoing successfully then you are ready. It is very important that the various aspects listed above are carefully documented. A joint venture is a common form of foreign investment in nigeria.
The option chosen by the entrepreneur depends on some key parameters which are outlined in the table below for guidance. If you want to check for availability of the proposed company name on the cac website now click here. Here are the steps you now have to take effect the registration of your business. For profit making ventures there are two main avenues of registration available at the corporate affairs commission. You can conduct the registering of your business by yourself using the cac online portal.