Survival Fund: Register A Company Online And Get CAC Cert. In 48 Hours

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Survival Fund: Register A Company Online And Get CAC Cert. In 48 Hours: The Federal Government has opened the Survival Fund portal for the second intake in the SMEMS Survival Fund program

The Federal Government will start crediting 100,000 Businesses/Persons with N50, 000 each-Free Grant in the Survival Fund Scheme SMEMS Survival Fund program

States yet to reach their threshold will be allowed to do so in the second wave of the SMEMS Survival Fund program 

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Over 100,000 Businesses/Persons will get N50, 000 each as a free grant to caution the effect of the covid-19 pandemic on businesses of SMEMS in the country

Facts about the National Survival Fund

  • The scheme is estimated to save not less than a 1.3million jobs across the country 
  • Over 35,000 individuals per state
  • 100,000 Businesses/Persons will get N50,000 each-Free Grant 
  • 333,000 artisans and transport business operators will get N30, 000 each-Free Grant
  • 100,000 MSMEs to protect jobs and livelihood
  • 500,000 vulnerable MSMEs will get N30,000 to N50,000 per employee over 3 months
  • 250,000 new businesses to get free CAC Business Name registration

Requirements for the Second Survival Fund Registration

  • Must have a staff strength of no less than 3 persons
  • Must be owned by a Nigeria
  • Employees’ company must be registered in Nigeria under the Corporate Affairs Commission, CAC
  • Must have BVN by company CEO

Register here

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How To Register A Company Online And Get CAC Certificate in 48 Hours

It is now easy and stress-free to register a company in Nigeria without coming to the office of any Corporate Affairs Commission (CAC)

With little or less help, one can easily incorporates a company except for Section E in the Registration Form CAC 1.1, which requires the signature of a Legal Practitioner and attestation by a Notary Public or Commissioner for Oaths.

Before incorporating a company, it becomes very necessary to to check if the proposed name has been taken by others, this can only be done or known “through the CAC’s public search website before making any reservation“


RESERVATION OF NAME


The first major step during incorporation of a corporation online with CAC is by filing for a reputation reservation online


This step is important because it helps to order the proposed name for 60days until it’s open to be used by another person


“The steps to follow during this section include: create a symbol up with the CAC for first-time users or to log certain existing users; then click on Name Reservation then New Name Reservation; fill the required column and pay the required fee


Then wait for 24hrs for a response from the CAC officials. If successful, ensure to print out the Approval note”

PRE-INCORPORATION
“Filling all necessary columns within the Registration Form CAC 1.1 rightly and submit same online. Below is that the information to fill:


Particulars of the corporate
(Nature of Principal business the corporate are going to be engaged in, The Registered Office Address of the corporate, Email address of the Company).


Particulars of the first Directors (minimum of two persons above 18years) :


Name

Date of Birth,

Gender, 

Telephone number,

Email Address, 

Sorts of Identification:

National card,

Permanent Voters Card,

Driver’s Licence or

International Passport),

Percentage of shares to be held


Particulars of Shareholders (minimum of two persons) :
Name,
Date of Birth,
Gender,
Phone Number,
Email Address,
Forms of Identification:
National card ,
Permanent Voters Card,
Driver’s Licence
International Passport,
Percentage of shares to be held)
Particulars of the Articles and Memorandum of Association.
After the successful filling of the shape, an applicant is to proceed to payment to effect payment for the required fee.


Particulars of the company Secretary (He/she might be a private or a company body)
Name,

Date of Birth,

Gender, 

Telephone number,

Email Address, 

Sorts of Identification (National card, Permanent Voters Card, Driver’s Licence or International Passport
Statutory Declaration of compliance with the wants of CAMA by a Legal Practitioner. (To be signed by a Legal Practitioner, and attested to by a notary or Commissioner for Oaths)


Particulars of alien participants, if any.


The specific payment to be paid to for incorporation include:
CAC Fee
Stamp Duty to the Federal Inland Revenue Service Fees (FIRS).


Subsequently, an applicant is predicted to print the finished and electronically

Stamped Form CAC 1.1 and therefore the Memorandum and Article of Association online, check in the required columns, notarize the attestations page, then proceed to upload the scanned copy of the signed and dated documents.


UPLOADING ALL THE INCORPORATION DOCUMENTS


The following documents must be scanned and uploaded on the CAC portal:

Stamp Duty Certificate


Identification of Directors and Shareholders


Payment Receipt of CAC


Memorandum and Article of Association


Certificate of Incorporation of the company Secretary


Availability Printout


Registration Form CAC 1.1


All the above documents must be in Pdf format.

The CAC will register the company and issue incorporation online in but 48 hours and therefore the applicant can then visit the commission with all his or her original documents to select up the certificate.