Monday, 24 February 2014

Nigeria - Business Registration at Ease

An autonomous body responsible for formation and management of companies in Nigeria, Corporate Affairs Commission (CAC) will soon be going to install a new software to make business registration smooth and faster in the country by the first quarter of 2014 that will assist in reducing the time required for the registration of business i.e. from 24 hours to 2-3 hours. The stationing of the software will truly complement the commission’s endeavor to mark its position among some of the best company registries. Commenting on it, Bello Mahmud, CAC Registrar-General said, “The commission has been able to reduce the period of registration of companies from five days to 24 hours since the adoption of the International Standard Organization (ISO) standards. We intent to reduce it further to a maximum of three hours by the time we deploy new registration software in the first quarter of 2014.” - See more at: http://www.thetimesofafrica.com/node/514#sthash.hjKBnLwL.dpuf

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