How much does it cost to register a private limited company in Nigeria?
Fee for registering charges for a private company – 10,000 Naira for each 1 million Naira or part of a million. Fee for registering charges for a public company – 20,000 Naira for each 1 Million Naira or part of 1 million.
How much does it cost to register a company in Nigeria?
How Much Does it Cost to Register a Business Name in Nigeria? Registration of a private company with a share capital of more than N1m and up to N500m costs N5,000 for every 1m shares of the company. Private company registration above N500m authorized share capital costs N7,500 for every 1m shares of the company.
What documents are required for registration of a private limited company?
The documents required for registering a Private Limited Company include DIN, DSC, PAN Card, address proof, residence proof, Memorandum of Association and Articles of Association.
What are the requirements for CAC registration?
Registration Form CAC 1.1. Identification of Directors and Shareholders. Payment Receipt of CAC. Stamp Duty Certificate (This is to be printed, once the stamp duty fee is paid).
What is the fees for company registration?
The registration fee for organization’s whose nominal share capital is limited to Rs. 10,00,000 – Rs 2,000. The registration fee for organization’s whose nominal share capital ranges between Rs 10,00,000 to Rs 50,00,000 – Rs 2000.
How much does it cost to register a Ltd company?
It costs £12 and can be paid by debit or credit card or Paypal account. Your company is usually registered within 24 hours. If you do not want to use ‘limited’ in your company name you must register by post.
What’s the difference between registering a company and business name in Nigeria?
DIFFERENCE BETWEEN A BUSINESS NAME AND COMPANY REGISTRATION
A business name can be formed by one or more persons i.e. sole proprietorship or partnership while a company needs a minimum of two persons as members as well as directors to be registered.
How much does it cost to register a business name in Nigeria 2021?
How Much Is Business Name Registration In Nigeria? The cost of registering your business name is #10,000. There will be an additional fee of #500 for business name reservation.
Is CAC doing free registration?
The Federal Government has approved all self-employed and business owners to carry out their Corporate Affairs Commission (CAC) registration online free of charge.
Can I run a company without registration?
To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.
Which is better LLP or Pvt Ltd company?
LLPs combine the operational advantages of a Company as well as the flexibility of Partnership Firms. The fee for incorporation of an LLP firm is very nominal as compared to that for Private Limited Company. The compliance requirements for an LLP are significantly lower than those for a private limited company.
How do you register a private company?
How to register a Pvt Ltd Company
- #1: Apply for DSC (Digital Signature Certificate)
- #2: Apply for the DIN (Director Identification Number)
- #3: Apply for the name availability.
- #4: File the EMoa and EAOA to register the private limited company.
- #5: Apply for the PAN and TAN of the company.
How much is CAC registration 2021?
According to the Companies Regulations 2021, the filing fees for the Statement are N5,000.00 and N10,000.00 for private and public companies, respectively.
What are the benefits of registering a business name?
ADVANTAGES OF BUSINESS NAME
- Business name requires little capital.
- Business name is easy to register.
- Business name requires less formalities.
- A sole person can register a Business name.
- Profit of the business is solely owned by the owner.
- Tax liability in Business name is minimal.
- Decision making is easier with Business name.