Two years ego, the entire process of business registration with CAC normally takes 1-2 weeks, depending on the workload of the CAC and other factors. Business registration process with CAC doesn’t need a lawyer to register a business name, however, if you want to register a company, you need the services of a lawyer or other accredited agent.
How Long it Takes to get CAC Registration Number?
For online registration, the official duration of Corporate Affairs Commission (CAC) name reservation and registration of new businesses is now 48 hours. This is compared to the initial period of one to two week timeline required for business registration.
This mean after successful business registration with CAC, the name reservation, availability and process will take only 48 hours, correction of availability to 24 hours, while consent for restricted names, limited by guarantee and incorporated trustees will be processed within five working days.
Applications originating from state offices requires seven working days while complaint handling takes 72 hours.
How Long Does it Take to Change Registered Business?
For post-registrations for companies like change of name and deed of release will take seven working days to process.
Search report, letter of good standing, certified true copy of certificate can be processed within five working days while business names applications and CAC/IT 4 annual returns (incorporated trustees) requires a processing time of three working days.
Documents like post-incorporated trustees application; filing and issuance of acknowledgement letter for annual returns; CAC 10 annual return for a small company; and CAC 10A annual return for a company having shares other than a small company now have a five-day processing time.
“To avoid delay, all customers are advised to ensure that their applications are prepared in strict compliance with the published checklist/guidelines.
- How To Know CAC Registered Business- Step By Step.
- How To Check CAC Code & Company Registration Status With CAC.
- Steps for Free Online CAC Business Registration