90 days discount on Business Name registration!!!!

90 days discount on Business Name registration!!!!

October 19, 2018

In an effort to encourage entrepreneurship and deepen the government’s ease of doing business initiative, the Corporate Affairs Commission has been mandated to reduce the cost of Business Names registration from N10, 500 to N5,500. This will be in effect from the 1st of October to the 31st of December, 2018.

The Business Incentive Strategy is aimed at creating a window for Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses, which will enable them own corporate account with Banks, have access to Loans, grants and other government interventions.

As a result of this, we at 618 Bees are also reducing the cost of registering a Business Name by N5, 000 with effect from 1st October to 31st December, 2018. Don’t forget that this offer includes name reservation, seamless and stress free registration with free delivery of your documents anywhere in Nigeria. We take the stress off you, literally!!!

What are you waiting for? Take advantage of this opportunity and register your business now by sending a mail to hello@618bees.com or inquiries@681bees.com or simply call us on 01-2803791

Best Regards,

Team 618 Bees

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Frequently Asked

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.

  • What’s the difference between a business name and an LLC?
    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 

  • If I have NAFDAC Registration number, do I still need SON registration number?

    SON Product Registration scheme is mandatory for all SON’s regulated products as mandated by SON Act 56 of 1971, 20 of 1984, 18 of 1990 as amended.

    This is irrespective of the registration done by NAFDAC

  • How many directors do I need to start a company?

    A minimum number of two (2) directors is required to form a company.

  • What is a trademark?

    A trademark can be any word, sign, symbol or graphic that you apply to your company, goods or services to distinguish them from those of your competitors; for example, a brand, product or company name, or logo. The trademark serves as a badge of origin for your business and its brands and products, and can consist of words, logos, slogans, colours and shapes, or a combination of all of these.

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