Best answer: How do I choose a business name in Nigeria?

How do you name a company in Nigeria?

How to Register a Business Name in Nigeria: Step-by-Step Guide

  1. Choose a business name and check for the availability.
  2. Complete your pre-registration form to register a business name.
  3. Pay for a filing fee.
  4. Prepare your documents for upload.
  5. Submit the original copies of your documents.

How much does it cost to register a business name in Nigeria?

The CAC official filing fee for the registration of business name in Nigeria is N10,000 (Ten Thousand Naira Only). However, where an accredited agent is engaged by the applicant for such registration, the agent will also charge a professional fee for the services to be rendered.

How do I choose a business name?

How to choose a name for your business

  1. Be descriptive but not too general or vague. Don’t choose a name that is too vague or too meaningful. …
  2. Use related words in a creative way. …
  3. Keep it simple. …
  4. Don’t copy your competitors. …
  5. Avoid using your own name. …
  6. Choose a name that’s scalable. …
  7. Make sure you have a related domain.
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How much does it cost to register a business name in Nigeria 2021?

How Much Is Business Name Registration In Nigeria? The cost of registering your business name is #10,000. There will be an additional fee of #500 for business name reservation.

What is the difference between business name and company name?

A Business name is a registration of a trade name for purposes of business whereas a Company of the incorporation of a separate legal entity to conduct business.

How much does a business name cost?

The fees for registering a business name are: $37 for one year.

Can 2 businesses have the same name?

When You Cannot use a Similar or Exact Name

If there is any potential for consumer confusion, you will not be able to use the same name as another company. Using the same name as another business will typically not be acceptable when: … The other business registered for trademarks before you did.

What are the benefits of registering a business name?

ADVANTAGES OF BUSINESS NAME

  • Business name requires little capital.
  • Business name is easy to register.
  • Business name requires less formalities.
  • A sole person can register a Business name.
  • Profit of the business is solely owned by the owner.
  • Tax liability in Business name is minimal.
  • Decision making is easier with Business name.

Can CAC registration be done online?

COMPANY REGISTRATION IN NIGERIA

An individual can now register a company online with CAC, with little or no help from anyone, except for Section E in the Registration Form CAC 1.1, which requires the signature of a Legal Practitioner and attestation by a Notary Public or Commissioner for Oaths.

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How do I create a catchy business name?

How to come up with a business name

  1. Use acronyms.
  2. Create mash-ups.
  3. Get inspiration from mythology and literature.
  4. Use foreign words.
  5. Use your own name.
  6. Take a look at a map.
  7. Mix things up.
  8. Partner with another company.

What should I name my small business?

10 Tips for Naming Your Startup or Small Business

  • Think about what you want your business name to convey. …
  • Brainstorm to identify name possibilities. …
  • Keep the name short, simple, and easy to write and remember. …
  • Avoid names that are too narrow or too literal. …
  • Avoid decisions by a committee but do “test” your company name with others. …
  • Avoid plain words.

Can I use Co in my small business name?

Yes. There is no prohibition to use the word Co or Company with your business name, whether your business is registered or not. If it is registered as a Company, then a suffix “ private limited” or “limited” in case of public limited company is required.

How do I register a business name in Nigeria 2021?

HOW TO REGISTER A BUSINESS NAME IN NIGERIA (2021)

  1. STEP 1: CHOOSE A NAME FOR YOUR BUSINESS. …
  2. STEP 2: TAKE A TRIP TO THE NEAREST CORPORATE AFFAIRS COMMISSION(CAC) OFFICE. …
  3. STEP 3: TAKE ANOTHER TRIP TO THE CORPORATE AFFAIRS COMMISSION OFFICE. …
  4. STEP 4: COLLECTING YOUR BUSSINESS NAME CERTIFICATE OF REGISTRATION.

20.03.2021

How much does it cost to register an NGO in Nigeria?

A prospective registrant may contact a lawyer for a cost. However, the total cost of registration ranges from N130,000 to N200,0000, including the cost of advertisements in 2 national newspapers.

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