The Corporate Affairs Commission, CAC, on Tuesday
said it had registered a total of 38,419 new companies/businesses
nationwide in the first quarter of 2014.
This is contained in a statement signed by the commission’s Director of Public Affairs, Williams Churchill in Abuja.
According to the statement, the figure comprises 19,057 limited liability companies, 17,399 business names and 1,963 incorporated trustees popularly known as non-governmental organisations, NGOs.
It said the commission had relaxed its registration processes and procedures, making it possible for applicants to register their companies/businesses directly without passing through lawyers, chartered accountants and chartered secretaries.
“The commission has simplified its processes and procedures. Investors and entrepreneurs desirous of tapping from Nigeria’s abundant investment opportunities can now incorporate their companies with ease.
“The restriction that only lawyers, chartered accountants and chartered secretaries could register companies with the CAC has been removed.
“Under the new regulation, the first director or subscriber can now register their companies directly.’’
The statement, however, said that a new requirement that would make it mandatory for company directors/business owners to present recognised forms of identification had been introduced in the registration process.
It listed the forms of identification as information page of international passport, driver’s licence or national identity card for all new registration and post registration services.
Source: http://www.premiumtimesng.com
This is contained in a statement signed by the commission’s Director of Public Affairs, Williams Churchill in Abuja.
According to the statement, the figure comprises 19,057 limited liability companies, 17,399 business names and 1,963 incorporated trustees popularly known as non-governmental organisations, NGOs.
It said the commission had relaxed its registration processes and procedures, making it possible for applicants to register their companies/businesses directly without passing through lawyers, chartered accountants and chartered secretaries.
“The commission has simplified its processes and procedures. Investors and entrepreneurs desirous of tapping from Nigeria’s abundant investment opportunities can now incorporate their companies with ease.
“The restriction that only lawyers, chartered accountants and chartered secretaries could register companies with the CAC has been removed.
“Under the new regulation, the first director or subscriber can now register their companies directly.’’
The statement, however, said that a new requirement that would make it mandatory for company directors/business owners to present recognised forms of identification had been introduced in the registration process.
It listed the forms of identification as information page of international passport, driver’s licence or national identity card for all new registration and post registration services.
Source: http://www.premiumtimesng.com
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