Connect with us

Branding

Guidelines On How To Register A Company In Nigeria With Cooperate Affairs Commission (CAC)

Published

on

register a company in Nigeria

Guidelines On How To Register A Company In Nigeria With Cooperate Affairs Commission (CAC)

It is always advisable to register a company in Nigeria the very moment you established it so as not to run into problems that might fold your company. It is always relatively easy to start up a small scale business in Nigeria since all you need do is rent a shop, furnish it to look appealing, and set your products and services.

Starting a company or a large scale business usually demands that you register the company. This makes your business official and also helps increase the confidence that people have in your company. This article is designed to help you register a company in Nigeria with little or no stress.

Related: Company registration

You should note that the registration of companies is carried out by the Corporate Affairs Commission (CAC) of Nigeria. The CAC is a governmental body that is set aside for the regulation and management of companies in Nigeria. It was established in 1990 with the passing of Companies and Allied Matter Act.

The Guidelines On How To Register A Company In Nigeria

register a company in Nigeria

1. Work with a good business lawyer

You must not rush to register a company with CAC in Nigeria; you must rather take your time and make inquiries from a professional business lawyer. You have to create time and meet business consultants or business lawyer or attorney for advice and ideas.

2. Consider the tax

Starting up a limited liability company will definitely expose you to tax and other expenses. If you go for s non- profit business may exempt you from tax. You need to prepare for anything since surprises can show up anytime.

3. Choose a suitable business name

You must have a name for your brand before you can register a company in Nigeria. This is because every brand or company must have a name peculiar to it. You must try to make the name short concise so your customers can quickly remember, not something so long that it will be difficult to remember.

 4. You should have an alternative name

There might be a chance that the name you submitted to CAC is already in use by another registered company. You must have a backup name to the one you first submitted. You must have this backup name if you want to register a company in Nigeria.

Your business will not be registered if the name has already been used by another company. This is the major reason why you must have an alternative name.

 5. You must know your business model

Most people go to CAC to register their company without having the full details. This makes them run into numerous mistakes. You must note your business type, whether it’s a Limited Liability company, Unlimited Company etc.

 6. Visit the corporate affairs commission

You can always visit them online login on to their website at www.cac.ng or www.cacnigeria.net. You can also visit their office nearest to you to register a company in Nigeria.

 7. Make the required  payment(s)

I hope that you didn’t think that this registration is going to be free? You must make the necessary payments and negations where possible. You must always ask questions whenever you seem confused; avoid being shy at this point because no one person knows everything

8. Visit the office for more information if necessary

You must not wait for these people to call you; rather, you visit them from time to time for information. You must see it as your duty to visit them so as to make sure that everything has been concluded. It usually takes 2-3 weeks fro the date of the first visit.

 

 

Comments

comments

Branding

(2021) How To Make Your Business A Winning Brand In Nigeria

Published

on

Whether you’re looking to start a business in Nigeria or you are years down the line already in owning and running your own business, you should strive to make your business a winning brand in Nigeria. In this part of Sub Saharan Africa, the reputation of your business, or what is matters a lot. Branding your business is something you should consider and give good attention to as it could be the very live wire of any sustainable progress your business will enjoy now and in the time to come. This article explains hat business branding is and how to make your business a winning brand in Nigeria.

What is A Business Brand?

A business brand or more specifically your business brand simply refers to what your business represents or stands for and more importantly how your business is perceived by your customers. According to Scott Bedbury, “a great brand is a story that is never completely told”. Steve Forbes is more explicit in his description and said that, “Your personal brand is a promise to your clients…..a promise of quality, consistency, competency and reliability”.

how to make your business a winning brand in Nigeria

How to Make Your Business a Winning Brand in Nigeria

Why Do You Need a Winning Brand?

The need to create a brand that stands out in business cannot be overemphasized. Your customers need your integrity, competence, and reliability and your brand should represent the fulfillment of that need. Your brand is so important that it is critical to the survival and thriving of your business. It could very well be the determinant of whether there will future business opportunities for your business or not.

How to Make Your Business A Winning Brand in Nigeria: Steps to Build A Brand That Wins

How do you build your brand to win especially in Nigeria? In other words, how do you make your business a winning brand in Nigeria? I will handle this in a bit.

In the process of creating your brand the following should be the foremost thoughts you should be taking into consideration:

  1. Research, research and just do more research
  2. Come up with your brand story
  3. Define your target audience
  4. Give your brand a picture representation
  5. Prioritize networking
  6. Deliver quality always
  7. 6.Establish and maintain online presence
  8. Be creative and get better

Let me explain these in detail. 

1. Research, Research and Do More Research.

Make sure you do your background work thoroughly. Your brand’s whole worth may just be dependent on this singular step. Research the industry of your desire and keep in touch with the experts in your industry, that is, follow them and learn from them. It is important to know that it is easier to get to your desired place as a brand by following others in your industry of choice that have been there before you.

2. Come Up With Your Brand Story

Define vividly who you are and figure out clearly and on time what you want your brand to represent and how you would desire for it to be perceived. What do you want your brand to be known for? What story should your brand tell? Answer these questions clearly before embarking on the business or trying to make your business a winning brand in Nigeria.

2. Define Your Target Audience

Your brand will be the most popular among the persons that have the need for the satisfaction your brand (business) intends to offer via product and/or service. Who will these people be? You want to define very clearly your target audience before you start the business or in the process of your business’ development.

3. Give Your Brand a Picture Representation

Yes, you read it right. You will need tangible assets to represent that brand of yours. So, among other things, get a well-designed logo that will at one glance tell the story of your brand. Besides telling that your brand is a serious one, this will give a clear picture to the prospect and instantly remind him/her of your brand without words.

4. Prioritize Networking

Your brand is only as popular and as recognized as the extent of its reach. So, make concerted efforts to widen the reach of your brand or business. Your reach is the region or area over which the effect of your brand is felt, could be felt or you have in mind to reach. This is achievable by networking. Every opportunity to network is definitely a plus. Attend social gatherings where there would be opportunities to interact and connect with peers and leaders in your industry of choice.

5. Always Deliver Quality Products/Service

When it really comes down to product/service delivery, your brand should not be a mere, wishy-washy fairytale that inspires only in pictures. Endeavor to always deliver quality products and/or service(s) and do this consistently. Be committed to having a reputation for quality product(s) or service(s) delivery. This is most important and the very essence of your brand and branding efforts. There should be something distinct about you that will turn a prospect into a repeat customer and even refer you to other people.

6. Establish and Maintain A Strong Online Presence

This is a very important aspect of your business branding effort that you should not overlook for any reason. With the boom of the internet and social media, countless platforms exist for establishing and maintaining an online presence for your brand. Besides popularizing your brand, it increases your clientele base which means newer the capacity to get more opportunities to share the experience your brand promises and to deliver on it.

7. Be Creative and Get Better.

You don’t want a brand that is stagnant, not advancing, and not up-to-date with the (current) trends. By all means get better and creatively; explore new avenues that will give your customers a more intriguing feel whenever they do or think of doing business with you.

A good brand is one that has firmly registered itself and continues to register itself in the minds of its customers. You should strive to build a brand that is competent, reliable, consistent, and always able to deliver on the customer experience it promises.

Without a doubt you can build that brand that wins in Nigeria. Yes, you can make your business a winning brand in Nigeria if you follow the steps in this guide. Who knows: Your brand could be the next brand that’ll be making rounds in the market after you’ve put these “how to’s” to work.

Comments

comments

Continue Reading

Branding

How to Build Your Brand While Attracting Global Customers Online

Published

on

brand

Comments

comments

Continue Reading

Branding

The Secret to Being an Entrepreneur is not Mentioning it

Published

on

an entrepreneur

Comments

comments

Continue Reading

Trending