Business registration: CAC unveils portal for name search

Business registration: CAC unveils portal for name search

- The Corporate Affairs Commission (CAC) has added a new feature to its business registration portal

- The new feature allows members of the public to conduct company or business name search on the portal

- The commission said the new feature is aimed at simplifying the process of registering businesses in Nigeria

The Corporate Affairs Commission (CAC) has opened a portal to enable members of the public to personally conduct company or business name search free of charge in a bid to make the process of registering businesses in Nigeria cheaper, easier and faster.

The acting register-general of CAC, Lady Azuka Azinge, disclosed this on Wednesday, April 4 in Lagos at the Quarterly Stakeholders’ Forum of the Commission, Vanguard reports.

Legit.ng gathered that Azinge also said that the commission can now approve name reservation within 6 hours.

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She stated: “The Commission will leave no stone unturned towards simplifying the process of registration and other services. At the moment, any member of the public can do it himself/herself by visiting the commission’s website: services.cac.gov.ng. Similarly, any member of the public wishing to confirm the legal status of Nigerian companies can visit the commission’s public search: publicsearch.cac.gov.ng.

“The Commission in line with its statutory mandate has deliberately embarked upon several reform initiatives aimed at easing business registration in Nigeria. This explains the Commission’s strategic policies like decentralization of its operations, deployment of the Company Registration Portal (CRP) and the integration of the CRP to the Stamp Duty Portal of the Federal Inland Revenue Services (FIRS) to further ease the process of company registration.

“The goal is to ensure that every Nigerian has access to online registration especially the Micro, Small and Medium Enterprises (MSMEs) to enable more businesses to come into the formal sector with all the attendant benefits. This is in tandem with the reform agenda of the Federal Government aimed, among other things, at growing the Nigerian economy through increased economic activities, employment creation, provision of infrastructure and making Nigeria one of the world’s top investment destinations.”

In his remark, the president of National Association of Small and Medium Enterprises (NASME), Prince Degun Agboade, commended the new developments going on in CAC.

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Agboade noted from his personal experience that his company used to run around for tax clearance at the end of every year, but was pleasantly surprised that last year, everything was uploaded without them needing to run after anyone for tax clearance.

Legit.ng previously reported that some youths in Niger Delta were given N500,000 each as the startup for their individual businesses across the region.

The money was given to 90 youths from the regions at the end of a capacity building and empowerment in agriculture and other value chain programme for women and youths.

It was gathered that the programme which was organised by the Ministry of Niger Delta affairs will enable the youths to acquire skills that will earn them lifetime livelihood.

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Source: Legit.ng

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