As businesses grow or relocate, their registered address may need to change. In Nigeria, the Corporate Affairs Commission (CAC) oversees business name registrations, requiring formal updates to the registered address to ensure public records remain accurate and compliant with legal standards.
How to File Change in Principal Place of Business or Branch Address of a Business Name with the Corporate Affairs Commission (CAC)
This guide details the legal framework, step-by-step procedures, required documents, and potential challenges when updating the registered address of a business name in Nigeria.
What Does It Mean to Change the Registered Address of a Business Name?
The registered address is the official location of your business on record with the CAC, used for:
- Government correspondence.
- Legal notifications.
- Tax and regulatory filings.
- Verifying business authenticity.
Changing the registered address means formally notifying the CAC and updating your business name records to reflect a new principal place of business, ensuring transparency and compliance.
Why Change the Registered Address of a Business Name?
Updating the registered address is essential for several reasons:
- Relocation Needs: A business moves due to growth, cost, or strategic reasons.
- Legal Compliance: Ensures the CAC has the correct address for official correspondence.
- Error Correction: Fixes inaccuracies recorded during initial registration.
- Operational Accuracy: Aligns the address with the actual business location for banking and KYC purposes.
Accurate address records prevent missed notifications, regulatory penalties, and issues with third parties like banks or clients.
Legal Framework for Business Name Address Change
Under Section 818 of CAMA 2020, business names must notify the CAC within 14 days of any material change, including address updates.
Key Regulatory Requirements:
- Address changes must be filed via the CAC Post-Incorporation Portal.
- Supporting documents (e.g., proof of new address) are required.
- Annual Returns must be up to date.
- Filings must be handled by a CAC-accredited agent.
Non-compliance risks penalties, missed legal notices, or operational disruptions.
Requirements for Changing the Principal Place of Business/Branch Address of a Business Name
To update a business name's registered address in Nigeria, the following documents and information are required. Filings are processed online via the CAC Post-Incorporation Portal by a CAC-accredited agent, such as SplashDict.
1. General Requirements
- Duly completed online application form (via CAC portal).
- Formal application letter for the address change, signed by the proprietor or authorized signatory.
- Updated Annual Returns (must be current to process the change).
- Payment of CAC filing fees.
2. Address Details
- Current registered address (as per CAC records).
- New registered address (including street, city, LGA, postal code, and state).
3. Supporting Documentation
- Proof of new address (e.g., utility bill, tenancy agreement, or property ownership document).
Step-by-Step Process to Change the Registered Address of a Business Name in Nigeria
Follow these steps to update the registered address with the CAC. A CAC-accredited agent is required for the process.
- Ensure Compliance: Confirm your business’s Annual Returns are up to date on the CAC portal to avoid delays.
- Log In: Access the CAC Post-Incorporation Portal (post.cac.gov.ng) using your credentials, then search for your Business name.
- Select Option: Navigate to “Change of Address” for business names.
- Start Process: Click “Start the Process” to open the form.
- Enter Details: Confirm the current address and accurately input the new registered address details.
- Save: Click “Save and Continue” to store your data.
- Review: Verify all entered details in the preview section for accuracy.
- Pay Fee: Make the required payment via the portal’s payment gateway.
- Upload Documents: Submit clear copies of required documents (e.g., proof of new address, ID).
- Submit: Click “Submit” to send your application to the CAC.
After Submission: Track your application status on the portal. Approval typically takes 2–10 business days, depending on CAC’s workload. Respond promptly if the CAC requests more information. Retain copies of all submissions for your records. Only CAC-accredited agents can handle this process, so engage one if you’re not accredited.
Conclusion
Updating the registered address of your business name with the CAC is a crucial administrative task that ensures compliance and facilitates effective communication. By following the steps outlined in this guide, you can seamlessly complete the process and enjoy the benefits of accurate business records.
For a hassle-free experience, consider seeking professional assistance from experts like SplashDict, who specialize in corporate secretarial services and post-registration updates.
Update Your Business Name Address in Nigeria with Ease
Here’s how SplashDict’s CAC-accredited experts assist you: