The Corporate Affairs Commission has consolidated the forms
required to incorporate a business in Nigeria.
It has, therefore, reduced the number of the forms from
seven to one.
A statement on Sunday by the Enabling Business Environment
Secretariat quoted the Special Adviser to the Commission’s Registrar General,
Garba Abubakar, saying this at the Lagos Stakeholders Forum of EBES held on
Friday.
“We now have just one form which has been deployed this
week. It contains all the information you need to register and is available for
download on the CAC website. This reduces the cost and time needed to register
a business,” Abubakar was quoted to have said.
He was further quoted as saying that the CAC would ensure
that business owners are able to upload documents electronically as part of its
deliverables in the 60-day National Action Plan on Ease of Doing Business in
Nigeria.
The Lagos Stakeholders Forum was the second in two days by
EBES, following Thursday’s forum in Kano.
Some other reform initiatives announced at the forum include
the CAC upcoming reform that would allow business owners to get e-stamps for
stamp duties without the need to visit the offices of the Federal Inland
Revenue Service.
On its part, FIRS said Tax Identification Numbers could now
be obtained when registering business organisations at the CAC without having
to visit its offices.
The statement also quoted the Coordinator of EBES, Dr.
Jumoke Oduwole, as saying that the forums were designed to inform private stakeholders
about government’s efforts to ease the business environment, share details on
the Action Plan, and report back to the Presidential Enabling Business
Environment Council.
She pointed out that an example of the feedback process at
work was the unscheduled visit on Thursday by the Acting President, Yemi
Osinbajo, to the Murtala Muhammed International Airport, Lagos, based on EBES
feedback.
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