Are you a company or business owner looking to register your company/business name with the Corporate Affairs Commission (CAC)? Here is a breakdown of the CAC registration fees you will have to pay in Nigeria.
The Corporate Affairs Commission (CAC) is an autonomous body of the Nigerian government. It was formed and put into effect in 1990 to control the formation of companies and their management in Nigeria. The commission was promulgated by the Companies and Allied Matters Act.
One of the responsibilities of the commission is to register companies, business names and incorporated trustees. Before your registration can be completed one of the things you must do is to pay the necessary fees. You will need to submit the evidence of payment with the pre-registration form and other relevant documents required for the registration. Recently, the Commission announced that it has reduced the fees for company registration in Nigeria. Below are the latest CAC registration fees in Nigeria.
Fees for company registration in Nigeria
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- To reserve Company Name – 500 Naira.
- To register a private company with share capital of one million Naira or less - 10,000 Naira.
- To register a private company with a (or an increase in) share capital of more than one million Naira and up to five hundred million Naira - 5,000 Naira for every one million Naira share capital or part of a million Naira.
- To register a company with a (or an increase in) share capital of more than five hundred million Naira - 7,500 Naira for every one million Naira share capital or part of a million Naira.
- To register a public company (or an increase in) share capital - 20,000 Naira for the first one million Naira share capital or part of a million Naira.
- To register a company with a (or an increase in share) capital of more than one million Naira and up to five hundred million Naira - 10,000 Naira for every one million Naira share capital or part of a million Naira.
- To register a public company with a (or an increase in) share capital more than five hundred million Naira - 15,000 Naira for every one million Naira share capital or part of a million Naira.
- To register a company that does not have a share capital - 20,000 Naira.
- To file for the notice of exemption from registration for foreign companies - 30,000 Naira.
- To re-instate or re-install a company’s name - 25,000 Naira.
- Registration of charges for a private company - 10,000 Naira for every one million Naira or part of a million Naira.
- Registration of charges for a public company - 20,000 Naira for every one million Naira or part of a million Naira.
- To register the appointment of a liquidator - 10,000 Naira.
- To register the resolution for winding up - 10,000 Naira.
- To obtain a certified original copy of the certificate of registration - 10,000 Naira.
Business Name registration fee
- Reservation of Name – 500 Naira
- Registration of business name - 10,000 Naira
Incorporated Trustee registration fee
- Reservation of Name – 500 Naira
- Incorporation of trustees - 30,000 Naira
These are the Corporate Affair Commission registration as of 2018. You can find the summary of all the fees for all transactions and penalties on the commission website at http://new.cac.gov.ng. You can also find the steps for registration on the website.
The Corporate Headquarters is located at Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja, Nigeria. For more information and inquiries, locate the Corporate Affair Commission in your state or use the Inquiry form on the contact page on their website.
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Source: Naija.ng