REMOVAL OF THE REQUIREMENT FOR PROFICIENCY CERTIFICATE
The Corporate Affairs Commission (CAC) recently removed the requirement for Proficiency Certificate for Business and Non-business Organizations.
For several years, the Corporate Affairs Commission had required Proficiency Certificate for certain specialized businesses like Law, Medicine, Pharmacy, Consultancy and Advisory services.
In the old arrangement, if your proposed company name was ABC Real Estate Consultants, you would be required to attach a professional certificate from the relevant professional body such as the Nigerian Institute of Estate Surveyors and Valuers.
Also, if the object clause of your proposed company contained words such as “training”, “consultant”, “advisor” the pre-incorporation would be queried if you did not attach proficiency certificate of the director(s) in the relevant field.
Under the new arrangement, anyone who wishes to register a Business Name, Company or Incorporated Trustees do not have to submit Proficiency Certificate to the Corporate Affairs Commission.