Letter Of Good Standing For Business Name
NGN 11,000.0
3 days
Other
Description
Information about the compliance service
A letter of good standing is a document that reflects the status of your business. The document is issued by the CAC and confirms that your business exists, is registered, active and is in compliance with CAC's requirements. It verifies that your business is allowed to conduct business in Nigeria.
Requirements
Info and documents needed for this service
1. Complete application form.
2. Business name.
3. Registration number.
4. Registration date.
5. Registered address.
6. Up to date Annual Returns filing.
7. Recipient full details( full name, address, country and state).
8. Payment of filing fees.
2. Business name.
3. Registration number.
4. Registration date.
5. Registered address.
6. Up to date Annual Returns filing.
7. Recipient full details( full name, address, country and state).
8. Payment of filing fees.
Process
Steps involved in this compliance service
1. File documents.
2. Pay fees.
3. Obtain approval of CAC.
2. Pay fees.
3. Obtain approval of CAC.
FAQs
Frequently asked questions about this service
1. Why do I need a letter of good standing?
A letter of good standing is essential for:
- Opening a corporate bank account: Financial institutions often require proof of business legitimacy.
- Obtaining loans or grants: Lenders and funding organizations may use it to assess your business's financial health and credibility.
- Meeting regulatory requirements: Certain permits, licenses, or registrations may necessitate a letter of good standing.
- Bidding for contracts: Government agencies and private companies often require it from potential contractors.
- Conducting international business: It can help establish trust and credibility with foreign partners and clients.