Are you interested in CAC regulations? Do you want to register your business with CAC?
I remember when my friend wanted to register her business name and didn’t know that the name had already been registered by another person. This is why CAC registration is important.
This article provides you with all the knowledge you need about CAC registration costs in Nigeria.
How Much is CAC Registration in Nigeria
The cost of registering with the Corporate Affairs Commission (CAC) in Nigeria varies depending on the type of business structure.
- Business Name (Sole Proprietorship or Partnership): Typically costs around ₦10,000 – ₦25,000.
- Company Registration Fees (Private and Public Limited Liability Companies): Depend on the share capital and can range from ₦10,000 to well over ₦50,000.
- Name Reservation Fees: Usually ₦500.
- Post-Incorporation Filings: Additional fees may apply.
Detailed Breakdown
Business Name Registration:
- Name Reservation: ₦500
- Registration: ₦10,000
Company Registration (Private Limited Company):
- Share Capital ≤ ₦1 million: ₦10,000
- Share Capital > ₦1 million and up to ₦500 million: ₦5,000 for every ₦1 million share capital or part thereof
- Share Capital above ₦500 million: ₦7,500 for every ₦1 million share capital or part thereof
Company Registration (Public Company):
- Share Capital ≤ ₦1 million: ₦20,000 for the first ₦1 million share capital or part thereof
- Subsequent share capital: Similar to private companies, fees vary based on the amount of share capital
Incorporated Trustees (NGOs, Associations, etc.):
- Registration fees range from ₦30,000 to ₦110,000
Additional Fees
- Post-Incorporation Filings: Changes to business details or annual returns may incur extra fees
- Same-Day Post-Incorporation Filing: Expedited service may attract an extra fee
- Restriction of Residential Address: Fees apply for privacy requests
- Annual Returns: Filing annual returns may incur additional fees
Conclusion
The cost to register a business with the CAC is straightforward, but the value you get depends on the quality of service provided. With this article, you can know what amounts you are working with.
It is important to seek legal guidance when registering your business in Nigeria.
Why Do You Need TCorporate in Your Conduct Search?
TCorporate provides legal advisory services to guide you through conducting your name search. We also ease the stress by handling the name search swiftly, ensuring you avoid the hassle.
Need Legal Assistance?
Contact TCorporate for professional guidance in registering your business:
- Phone: 08062348867, 09080119975, 09080119980
- Visit: CAC BUSINESS REGISTRATION
Email: info@tcorporatelegaladvisory.com - WhatsApp: Button at the bottom right to chat instantly
Disclaimer
This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice. You should not act upon the information contained without obtaining specific professional advice.
WRITTEN BY:
OKOLIE VICTORY N
LL.B, B.L
LEGAL ASSOCIATE
TCORPORATE LEGAL ADVISORY