Business
Cost of CAC Registration in Nigeria
In this article, you will learn about the cost of CAC registration in Nigeria including the requirements and process to take in registering your business.
Since 1990, the Corporate Affairs Commission(CAC) has been the federal government agency saddled with the responsibility of managing and regulating business activities as well as registrations of businesses. Whether Public or Private organizations, all businesses are expected to be registered under the agency.
Now, let’s focus on the CAC registration fees. The cost of CAC registration for companies may differ from each other depending on the type of company it’s. Whether private, public, sole ownership or a partnership business. Below is a table illustrating all the full costs of CAC registration fees.
Full Cost of CAC Registration in Nigeria
The official application fee is N10,000 but there are other fees as laid out belowType of CAC fees Fees in Naira(N) Reservation of Business Name 500 Incorporation of trustees 30,000 Notice of change of name application 10,000 Notice of change in trustees Application 10,000 Filing of amendment of the constitution notice 6,000 Annual returns filling 5000 Filing of notice of court order for dissolution of incorporated trustees 5000 Filing of Miscellaneous and other documents 1000 Search on incorporated trustees file 2,000 A certified true copy of the constitution 5000 Certified true copies of other documents 2000 A certified true copy of the certificate of incorporation 10000 Registration of business name 10,000 Filing of notice of change of business name 5,000 Filing of notice of change in business address/proprietorship/annual address 1000 Search on business name file 1000 A certified true copy of the business name certificate registration 5000 Registration of a private company with Share Capital above N1million to N500million N5,000 for every N1million share of capital Registration of a private company with share capital above N500million N7,500 for every N1million share capital Registration of Public company/Increase in share capital N20,000 for the first N1million share capital Registration of Public Company/Increase in share capital above N1million to N500million N10,000 for every N1million share capital Registration of Public Company/increase in share capital above N500million N15,000 for every N1million share capital Registration of Company without a share capital N20,000 Filing of notice of exemption of foreign Companies from Registration N30,000 Filing of annual return for public company 5,000 Filing of annual return for Company Limited by Guarantee 5000 Filing of annual return for Private company small company N3,000 Filing of notice of merger/acquisition 50,000 Filing of other documents relating to the merger 10,000 Filing of notice of change of signature 2,000 Filing of a deed of release by a public company 10,000 Filing of a deed of release by a private company 5000 Letter of Good Standing 10,000 Other filings (miscellaneous) 2,000
How To Register A Business Under CAC
Knowing the cost of CAC registration fees isn’t enough, you also need to know the steps to take in registering such businesses.
Before thinking of registering your business under the CAC, you should think of gathering the following
CAC Business Registration Requirements
- Name of business to be used
- Name of a sole owner or your partners
- Deed of partners(if a partnership business)
- Passports
- Identification certificate
- An official fee of N10,000
After gathering all these, you can then proceed to apply for your business registration.
Don’t miss out on any real-time information. Join our WhatsApp group to stay updated.
Steps to Register My Business Under CAC
- Visit the CAC website Portal by clicking HERE
- Verify the intended name for the business. This cost is for N500 only, you can refer to the cost of CAC registration fees for more info.
- After verifying that no one has used the name, proceed to registration.
- Fill out the Pre-registration form with your correct details including the name of your business partner if any.
- Pay the application fee online after filling out the form
- Print out your business name after filling in and payment.
- Append your signature on the printout form, where necessary.
- Proceed to upload the following after signing the form;
- 2 passports
- Approved Note printed out
- statutory form filled
- Proficiency Certificate (if available)
- Identification document
- Receipts of applicant payment
With all these submitted, your application will be successful if implemented well. Registration of your business can take as long as 24 hours or more depending on many factors.
Once your application is successful, you will be given or sent an original Certificate bearing your registered business name and a CTC certificate verifying the success of your registration.
Read Also: Differences between Business Plan and a Feasibility Study
President Tinubu Departs China, Heads To UK Via Dubai
Zamfara Govt Denies Claim Of Funding Terrorism
Alleged Terrorism Financing: Police To Grill Joe Ajaero Sept. 25
Police Arrest Adeleye Over Murder Of FUNAAB Undergraduate Student, Christianah Idowu
Labour Party Meeting Held In Abia Is Illegal – Abure Declares
Gbajabiamila Cannot Take Over National Assembly’s Oversight Role — Reps
List Of Cities In Abuja, Federal Capital Territory (FCT)
List of all Scholarships in Nigeria [Full List]
Buju (BNXN) Biography, Age, Songs, Girlfriend & Net Worth
Nigeria Not Difficult To Manage – Says Obasanjo
Top 10 Richest Men in Anambra State
Etisalat Offices in Lagos: Addresses and Contacts
Uju Okoli Net Worth and Biography – Age, Family, Husband, and Career
Top 10 Richest Men in Enugu State
Full List of Airtel Stores and Office Addresses in Nigeria
E-money Net Worth and Biography: Age, Family, Houses, Cars, and Source of Wealth
Nigerian National Intelligence Agency: NIA Salary Structure & Recruitment Process
Nigerian Police Salary Structure: Police Monthly Salary
Nigerian Customs Service Salary Structure, Ranks, and Recruitment Process
