The Corporate Affairs Commission, CAC has
consolidated the forms required to incorporate a business in Nigeria and
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.
Source: New Mail.
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