Sole Proprietorship Business Name Registration

Sole Proprietorship Registration

NGN25,000

Register Sole Proprietorship Business Name with CAC

Sole Proprietorship Business Name Registration is the fastest and most cost-effective way for an individual to formalize their business in Nigeria. It allows you to operate legally under your chosen business name while keeping the structure simple and low-maintenance.

While this registration does not create a separate legal entity (the owner has unlimited personal liability), it provides essential legal recognition, enhances credibility, and gives your business a formal identity for banking, contracts, and daily operations.

Service Fee (All inclusive):

NGN25,000

Start Sole Proprietorship Business in Nigeria

Here's how SplashDict's team of CAC-accredited experts can help:

Filing & Documentation: We handle filings and required documents for registration of Business Name with CAC.
Name Availability Check & Reservation: We conduct a CAC name search and reserve your preferred business name.
Official Confirmation: Receive Certificate of Registration (with Tax Identification Number) and CAC Status Report (Application of Registration).
Transparent Pricing: Covers CAC fees and our service fee with no hidden charges.
Fast Processing: Completed within 1 to 24 hour(s), depending on CAC approval.
Secure Document Access: Your registration documents are securely stored, accessible for free anytime, no need to pay CAC for re-downloads.
Ongoing Support: Get expert help from our Chartered Secretary and compliance team for all regulatory needs.

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Benefits of Sole Proprietorship Business Name

Why Register a Business Name?

Registration of Business Name is mandatory if you're doing business under a name that differs from your legal surname or corporate name.

Simple Structure, Flexible Operations: Business Name registration is ideal for small-scale businesses, startups, and freelancers looking for a low-cost, low-maintenance structure.
Legal Identity: Your business gets a formal, recognized name under Nigerian law, allowing you to operate officially.
Professional Credibility: Essential for opening business bank accounts, applying for basic licenses, and building trust with clients and vendors.
Exclusive Name Rights: Your registered name is reserved under CAC and protected from being used by others.
Tax Simplicity: Profits are generally treated as personal income of the owner, simplifying tax filings compared to corporate structures.

CAC Registration Service

Requirements for Registering a Business Name with CAC

Proposed Business Name: One unique name ending with the correct suffix (e.g., Concepts, Enterprises, Ventures) for instant verification.
Nature of Business: A detailed description of your business activities and objectives.
Business Address: The official location of your business operations in Nigeria. This may be a physical shop or a home address.
Business Commencement Date: The date the business officially started operating.
Details of Business Owner: Provide personal information, such as full name, address, date of birth, nationality, means of identification, occupation, passport photograph, and signature.

Where the registration to be effected is that of a company, the name and registered office of the company