The Complete Steps On How To Register Your POS With CAC
To register your POS with the Corporate Affairs Commission (CAC) in Nigeria, follow these steps:
- Gather Your Documents and Information: You will need to collect the necessary documents and information, including:
- A business name or company name.
- Identification documents for the directors and shareholders.
- Proof of address for your company’s registered office.
- A resolution from the board approving the name change (if applicable).
- Original certificate of business name registration (if applicable).
- Choose a Business Name: If you haven’t already, choose a unique business name for your POS business.
- Reserve Your Business Name: Reserve your chosen business name with the CAC. This can be done online through the CAC portal.
- Obtain the Required Business Documents: After registering your business name, you’ll need to obtain the required business documents. These documents allow you to operate a business in Nigeria. The cost of business documents varies depending on the type of business.
- Create an Account on the CAC Portal: Create an account on the CAC online registration portal.
- Complete the Registration Form: Fill out the registration form on the CAC portal, providing all the required information about your POS business.
- Upload the Required Documents: Upload all the required documents, such as your company’s memorandum and articles of association, identification documents for the directors and shareholders, and proof of address for your company’s registered office.
- Pay the Registration Fees: Pay the registration fees, which vary depending on the type and size of your POS business.
- Submit Your Application: Submit your completed application and payment through the CAC portal.
- Track the Progress of Your Application: You can track the progress of your application on the CAC website.
- Receive Your Certificate: Upon approval, you will receive your certificate of incorporation, which is evidence that your POS business is legally registered with the CAC.
Remember to complete these steps by the deadline set by the Central Bank of Nigeria (CBN), which is July 7, 2024.