If you are planning to start a business in Nigeria, it is important to register your company and obtain a Tax Identification Number (TIN).
A TIN is a unique number issued by the Federal Inland Revenue Service (FIRS) to identify taxpayers in Nigeria.
For the benefit of businesses and SMEs alike, the Corporate Affairs Commission is always working to provide business owners with a legal framework and business certification.
One of the most excruciating things that can happen to a business owner is building on someone else’s brand only to discover later that the name has already been taken.
Imagine for a moment that after running your unregistered firm for a number of years and spending a significant amount of money on branding—such as designing a website and business cards—you discover that the name isn’t yours legally. What would you think?
This blog post will guide you through the process of registering your company and obtaining a TIN.
Registering Your Company
To register your company in Nigeria, you need to follow these steps:
Step 1: Choose a Business Name
The first step in registering your company is to choose a business name. The name should be unique and not already registered with the Corporate Affairs Commission (CAC). You can check the availability of your proposed business name on the CAC website.
Step 2: Prepare Your Documents
Once you have chosen a business name, you need to prepare the following documents:
- Memorandum and Articles of Association
- Form CAC 1.1 (Application for Registration)
- Form CAC 1.2 (Particulars of Directors)
- Form CAC 2.1 (Notice of Address of Registered Office)
- Evidence of payment of filing fees
Step 3: Submit Your Documents
After preparing your documents, you need to submit them to the CAC for processing. You can submit your documents online or at any CAC office.
Step 4: Obtain Your Certificate of Incorporation
Once your documents have been processed, you will receive a Certificate of Incorporation from the CAC. This certificate confirms that your company has been registered with the CAC.
Obtaining Your Tax Identification Number (TIN)
To obtain a TIN for your company, you need to follow these steps:
Step 1: Apply for TIN
You can apply for a TIN online or at any FIRS office. To apply online, visit the Joint Tax Board (JTB) TIN registration portal and fill out the application form.
Step 2: Submit Your Application
After filling out the application form, submit it online or at any FIRS office.
Step 3: Collect Your TIN Certificate
Once your application has been processed, you will receive a TIN certificate from the FIRS.
Is your company registered legally?
Getting an agent to complete the CAC registration process should be your next course of action if you have realized how important it is.
You wouldn’t want to trust your CAC registration to a quack novice who poses as an expert, even if there are thousands of CAC experts out there.
Services Provided by Tino Digital Tech Agent
The following are the expert services that we provide:
1. Registration of Business Names.
We assist you in creating memorable and distinctive company names that will captivate and compel customers to interact with your brand. To make sure CAC approves the selected business name, we take it a step further and conduct a proper name search.
Once the registration procedure is complete, you will receive the following
- Original CAC certificate
- Status report
2. Registration of Company
Our knowledgeable and devoted team is committed to making sure your company registration is completed to the highest standard.
There are many more details involved in company registration, which is why you should commit yours to our highly qualified and sought-after team of professionals.
You’ll receive the following:
- Original CAC Certificate
- Status Report
- Memorandum of Association (MEMART)
3. Non-Executive Establishments
NGOs are classified as CAC’s Incorporated Trustee category. NGOs such as churches, mosques, clubs, groups, foundations, student unions, and many more are registered with us.
Following your registration, you will receive the following
- CAC Original Certificate
- Status Report
- Two Newspaper Publications
- Trustee Declaration
4. Change Your Business Name To Your Company Name
Additionally, we upgrade business names to company names (post-incorporation). When your little brand grows into a firm, you’ll need to make an improvement.
One benefit available to small business owners who choose to upgrade to a company is the assurance of business continuation.
We will provide you with the following:
- CAC Certificate
- Status Report
5. Yearly Reports
Regretfully, more than half of business owners that are registered are unaware of the requirements for filing annual returns with CAC.
An annual business entity’s financial activity is reported in its annual return, which is a financial statement. It is a need for Companies, NGOs, and Business Names alike.
Our team of professionals is committed to assisting you with annual tax payments.
After submitting, you will receive the following
- Acknowledgement Letter or Notice from CAC
Registration Fees for CAC
The cost of our CAC corporate services is listed below.
Upgrade from Business Name to Company₦65,000
Contact Us Below For Your CAC Registrations
Call orWhatsApp 08132665567
How do I obtain my paperwork?
ORIGINAL papers are electronically given to your email and WhatsApp account upon enrollment. Additionally, physical delivery is performed at the client’s request.
How can I get in touch with you when I’m not in Lagos or Abuja?
Your documents will always be delivered to you, whether you are in Lagos or Abuja or not. Distance is not an obstacle.
Does CAC registration require an agent?
Starting a CAC registration without the assistance of a professional or agency carries a considerable risk and may result in costly error repairs. It is advisable that you seek the assistance of a qualified specialist.
Registering your company and obtaining a TIN is an important step in starting a business in Nigeria. By following the steps outlined in this blog post, you can ensure that your company is registered with the appropriate authorities and that you have obtained a TIN.