A Status Report is an official document issued by the Corporate Affairs Commission (CAC) in Nigeria, providing a snapshot of your registered entity’s legal status, structure, and compliance record.
It applies to every entity registered under the Companies and Allied Matters Act (CAMA) 2020; from Business Names and Incorporated Trustees to Limited Partnerships (LP), Limited Liability Partnerships (LLP), and Companies (Ltd, PLC, Ltd/Gte).
Obtaining a Status Report is more than a routine request: it’s an essential tool for verifying your entity’s active status, legal standing, and compliance with CAC requirements. This document is vital for opening bank accounts, applying for loans and grants, submitting bids and tenders, or satisfying due diligence requirements for corporate transactions.
CAC Status Report: What It Is, Why It Matters, and How to Get It
This guide covers everything you need to know about CAC Status Reports, including their purpose, requirements, costs, and why SplashDict is your trusted partner for seamless compliance.
| Service | Price | |
|---|---|---|
| Limited Partnership (LP) Status Report | NGN15,000 | |
| Company Status Report | NGN15,000 | |
| Business Name Status Report | NGN15,000 | |
| Incorporated Trustees Status Report | NGN15,000 | |
| Limited Liability Partnership (LLP) Status Report | NGN15,000 |
What is a CAC Status Report?
A CAC Status Report is an official, CAC-certified document that provides a comprehensive overview of your entity’s registration, legal standing, and operational details as recorded by the Corporate Affairs Commission. It serves as a trusted verification tool for transactions, due diligence, and compliance, offering a snapshot of your entity’s current status.
It is essential for banks, investors, regulators, and partners who require proof of your entity’s compliance with the Companies and Allied Matters Act (CAMA) 2020.
Failure to provide a valid Status Report when required can delay transactions, block access to opportunities, or raise concerns about your entity’s credibility.
Why are Status Reports Important?
CAC Status Reports are vital for maintaining transparency, credibility, and compliance in Nigeria’s business landscape. Here’s why you need one:
Proof of Legal Existence: Confirms your entity is registered and active, essential for opening bank accounts, securing loans, or applying for grants.
Compliance Verification: Shows your entity’s active status and compliance with CAMA 2020, including up-to-date annual returns.
Due Diligence: Provides stakeholders (e.g., investors, banks, partners) with verified details to assess your entity’s legitimacy.
Legal Standing & Transparency: Builds trust by proving your entity is compliant, reinforcing credibility with regulators and clients.
Record of Changes: Reflects updates like changes in partners, directors, address, or business nature, ensuring accurate documentation.
Essential for Transactions: Required for tenders, permits, partnerships, legal proceedings, and financing opportunities.
Replaces Lost Documents: An updated Status Report can replace a lost or outdated document, maintaining your entity’s credibility.
What Information Will You Find in a CAC Status Report?
Each Status Report is tailored to the entity type. However, it generally includes:
Registration name and number (e.g., BN for Business Name, RC for Company, IT for Incorporated Trustees).
Date of registration or incorporation.
Registration status (Active/Inactive).
Registered office address.
Owner, partner, director, or trustee details (names, designations, addresses).
Company structure (shareholders, Persons with Significant Control).
Nature of the entity’s business.
Annual returns status (compliance and due status).
Changes made (such as changes in directorship, partner, trustees, or registered office).
CAC Status Reports for Each Entity Type: Requirements, Timelines, and Costs
Each entity type has specific details included in its Status Report. Below, we outline the requirements, costs, and processing times for Business Name, Company, LP, LLP, and Incorporated Trustees, with SplashDict’s expert services.
Status Report for Business Name (Sole Proprietorship or Partnership)
An official Status Report for your Business Name (Sole Proprietorship or Partnership) confirms its active status, registration details, and owners’ information.
Cost: NGN15,000 per request.
Processing Time: 1–2 working hours.
Requirements:
Business Name.
Registration Number (BN).
Authorization: Owner or authorized signatory.
Status Report for Incorporated Trustees (NGOs, Churches, Associations)
An official Status Report for an Incorporated Trustee confirms its active status and provides details about its trustees, registered address, and classification.
Cost: NGN15,000 per request.
Processing Time: 1–2 working hours.
Requirements:
Association Name
Registration Number (CAC)
Authorization: Authorized trustee or signatory
Status Report for Company
An official Status Report for a Company confirms its active status, legal standing, and compliance record with CAC, including details about its registration, structure, and owners.
Cost: NGN15,000 per request.
Processing Time: 1–2 working hours.
Requirements:
Company Name.
Registration Number (RC).
Authorization: Director, Company Secretary, or authorized signatory.
Status Report for Limited Partnership (LP)
An official Status Report for a Limited Partnership confirms its active status, registration details, and information about its partners.
Cost: NGN15,000 per request.
Processing Time: 1–2 working hours.
Requirements:
LP Name.
Registration Number (CAC).
Authorization: General Partner or authorized signatory.
Status Report for Limited Liability Partnership (LLP)
An official Status Report for an LLP confirms its active status, legal standing, and compliance record with the CAC, including details about its partners and structure.
Cost: NGN15,000 per request.
Processing Time: 1–2 working hours.
Requirements:
LLP Name.
Registration Number (CAC).
Authorization: Designated Partner or authorized signatory.
What If My Status Report Is Lost or Needs Updating?
If your Status Report is lost or you’ve made recent changes (such as changes to your entity’s registered address or structure), you can request an updated version from the CAC. The new Status Report will reflect the latest information about your entity.
Why Choose SplashDict for CAC Status Reports?
At SplashDict, we make obtaining your CAC Status Report seamless, quick, and fully compliant. Our team of CAC‑accredited Chartered Secretaries has years of experience supporting businesses, NGOs, and corporate entities across Nigeria.
Here’s why businesses trust us:
- End‑to‑End Service: We handle the CAC application and obtain the Status Report for your entity.
- Official Acknowledgment: Receive a CAC‑stamped Status Report confirming your entity’s status.
- Transparent Pricing: All‑inclusive service fees, covering CAC charges and professional handling.
- Fast & Reliable: Receive your Status Report within 1–2 working hours.
- Ongoing Support: Get expert help with regulatory, compliance, and post‑registration needs.
FAQs About CAC Status Reports
1. What is a CAC Status Report?
It’s an official CAC document that confirms an entity’s status (active/inactive), registration details, and compliance status. It’s required for banking, loans, grants, tenders, and legal due diligence.
2. When do I need a Status Report?
Whenever you need to confirm an entity’s status — opening bank accounts, submitting loan or grant applications, bidding for tenders, or verifying corporate status for legal proceedings.
3. What if I’ve lost my Status Report?
We can obtain an updated version for you quickly, reflecting your entity’s current status and details.
4. How long does it take to get a Status Report?
With SplashDict, you can obtain an official Status Report within 1–2 working hours, subject to CAC availability.
5. Do dormant or inactive entities need a Status Report?
Yes. Even dormant or inactive entities must obtain a Status Report when required, although it will clearly reflect their status.
6. What details are captured in a Status Report?
Each Status Report includes critical information such as the entity’s registered name, CAC registration number, registered office address, nature of business, owners/trustees, status (active/inactive), and any changes registered with the CAC.
7. What if I have multiple entities?
No problem! At SplashDict, we streamline Status Report requests for every entity type: Business Names, Companies, NGOs (Incorporated Trustees), LPs, and LLPs, providing one platform and dedicated Chartered Secretaries for seamless service.
| Service | Price | |
|---|---|---|
| Incorporated Trustees Status Report | NGN15,000 | |
| Limited Partnership (LP) Status Report | NGN15,000 | |
| Company Status Report | NGN15,000 | |
| Business Name Status Report | NGN15,000 | |
| Limited Liability Partnership (LLP) Status Report | NGN15,000 |
