Registering your NGO (Non-Governmental Organization) with the Corporate Affairs Commission (CAC) has several benefits, including:
- Legal recognition: Registering your NGO with CAC gives your organization legal recognition. This means that your NGO becomes a legal entity and can enter into contracts, open bank accounts, and sue or be sued in court.
- Credibility: Registering with CAC lends credibility to your organization. It shows that you are serious about your work and committed to transparency and accountability.
- Access to funding: Many funding organizations require NGOs to be registered with CAC before they can receive funding. Registering with CAC can therefore increase your chances of accessing funding from both local and international donors.
- Tax exemption: Registered NGOs can enjoy tax exemptions and other incentives from the government.
- Perpetual succession: Registering with CAC ensures that your NGO continues to exist even if the founding members are no longer involved. This is because it gives the organization perpetual succession.
In summary, registering your NGO with CAC provides legal recognition, credibility, access to funding, tax exemption, and perpetual succession. These benefits can help your organization to achieve its goals more effectively and efficiently.
Registering a church with the Corporate Affairs Commission (CAC) in Nigeria has several benefits, including:
- Access to funding: Many funding organizations require churches to be registered with CAC before they can receive funding. Registering with CAC can therefore increase your church’s chances of accessing funding from both local and international donors.
- Tax exemption: Registered churches can enjoy tax exemptions and other incentives from the government.
- Protection of the church’s name: Registering your church with CAC protects your church’s name from being used by other organizations.
Now you know the WHY and Importance of getting your NGO/Church registered.
Let’s do the heavy process as an accredited CAC Agent in Nigeria.