Presidency Slashes Deadline For Business Registration To 2 Days
Reports reaching us suggest that Presidential Committee on Ease of Doing Business has slashed deadline for registration of new businesses in Nigeria from 10 to two days and effected a 24- hour timeline for registration of companies.
According to our source, the new procedure will be effected from when an application form is completed and all required documents made available.
On the same vein, it stated that all prospective business owners could now search on Corporate Affairs Commission, CAC, portal (www.cac.gov.ng ) to avoid duplication of names and prevent selection of prohibited names, while company registration no longer requires lawyers.
According to the committee, it is now optional for Small and Medium Enterprises, SMEs, to hire lawyers to prepare registration documents.
According to our source, the new procedure will be effected from when an application form is completed and all required documents made available.
On the same vein, it stated that all prospective business owners could now search on Corporate Affairs Commission, CAC, portal (www.cac.gov.ng ) to avoid duplication of names and prevent selection of prohibited names, while company registration no longer requires lawyers.
According to the committee, it is now optional for Small and Medium Enterprises, SMEs, to hire lawyers to prepare registration documents.
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