What you need to Onboard a Hydrogen Registered Business

A Registered Business refers to a business entity or corporation that has completed the formal process of registration with the company regulators of their country. In Nigeria, a registered business can be categorized into one of two sector classifications.

The requirements to onboard a registered business in Hydrogen varies depending on the business type and category. Here is the list of the requirements needed for each registered business type.

What documentations are required to onboard a Sole Proprietorships Business?

• Valid Government-issued ID and ID Number. Such as international passport, driver's license, or National ID card (NIN).
• Recent Utility Bill or Proof of Address (e.g. electricity bill, waste bill or water bill showing the address).
• Business Registration Certificate: This is the Business Name Certificate (BN) issued by CAC.
• Tax Identification Number (TIN).
• Bank Verification Number (BVN)-This is the BVN of the sole owner of the Business.
• Recent Passport-sized Photograph: For identity verification. 

What documentations are required to onboard Private Companies and Private Limited Liability Companies (LLCs)?

• Certificate of Incorporation: Registration Certificate (RC) by the CAC. 
• Memorandum and Articles of Association – (MEMART).
• Form CAC 2 (Statement of Share Capital and Return of Allotment).
• Valid Identification of Directors/Signatories: Copies of valid identification documents (such as passport, national ID card, or driver's license) of at least 1 Director.
• Utility Bill or Proof of Address: A recent utility bill (e.g., electricity bill, water bill).
• Tax Identification Number – Dedicated Tax ID of the company.
• Bank Verification Number (BVN) of the Directors of the Company.

What documentations are required to onboard a Partnership Business?

• Certificate of Registration by CAC.
• Partnership Deed.
• Form CAC 2 (Statement of Share Capital and Return of Allotment).
• Valid Partners' Identification Documents- Passport, Driver's License, NIN.
• Recent Utility Bill or Proof of Address.
• Tax Identification Number (TIN).
• Bank Verification Number (BVN).

What documentations are required to onboard Non-Governmental Organizations (NGOs)?

• Certificate of Registration/ Incorporation.
• Constitution or Articles of Association of the NGO.
• Trustees' Identification Documents: Copies of valid identification documents (such as passport, national ID card, or driver's license) of all trustees with valid permits for Foreigners or CERPAC card.
• Utility Bill or Proof of Address: A recent utility bill (e.g., electricity bill, water bill).
• Tax Identification Number (TIN): The NGO's Tax Identification Number.
• Bank Verification Number (BVN): BVNs of the authorized signatories (trustees).
• A letter from the NGO approving its onboarding for the service. 
• Valid means of Identification of minimum of two (2) directors of the NGO.
• Proof of address of the directors.
• Evidence of registration with Special Control Unit Against Money Laundering (SCUML).

What documentations are required to onboard a Cooperative Business?

• Certificate of Registration: A document by the relevant cooperative regulatory body.
• Cooperative Byelaws.
• Board Resolution- A resolution passed by the board of the cooperative. 
• Valid Identification of Authorized Signatories.
• Recent Utility Bill or Proof of Address.
• Tax Identification Number (TIN).
• Bank Verification Number (BVN) of authorized signatories.

What documentations are required to onboard Government Agencies and Ministries?

• Letter of Authority: A letter issued by the head or authorized representative of the government agency or ministry authorizing the opening of the account and specifying the persons authorized to operate the account on behalf of the agency or ministry.
• Certificate of Incorporation or Establishment: For government agencies or ministries that are legally constituted entities, a certificate or document establishing it.
• Valid Identification Document: Copies of valid identification documents (such as passport, national ID card, or driver's license) of the authorized signatories who will operate the account on behalf of the agency.
• Utility Bill or Proof of Address: A recent utility bill (e.g., electricity bill, water bill) or any other document showing the agency or ministry's registered address. 
• Tax Identification Number (TIN): The agency or ministry's Tax Identification Number.
• Bank Verification Number (BVN): BVNs of the authorized signatories may also be required for verification purposes.

The above documentations are compulsory for a registered business to get onboarded with Hydrogen Payments.

For more information about the Registered Business type, please visit the resource below:

• What is a Registered Business?