Registering a business in Lagos, Nigeria may take about 20 - 35 days depending on the nature of business amongst other factors. However, there are some bureaucratic and legal hurdles an entrepreneur must overcome to incorporate and register a new firm in Nigeria. This is a summary of the procedures and the associated completion time and cost for setting up a standardized company. Also, you can find information on business registration requirements for Lagos, Nigeria. Procedure 1 Check the availability of company’s name with the Corporate Affairs Commission (CAC) The Corporate Affairs Commission online system allows for online search of unique company names upon the purchase of an e-payment card for a flat fee of NGN 200 from an accredited bank. The system is widely used, but in most cases applicants have to go to the CAC office to complete this procedure. The time to conduct the availability of name search, receive confirmation and reserve the company name is usual
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