What is the cost of registering a 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 2021?

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.

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.

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How much is CAC in Nigeria?

CAC Registration Fees

S/N SUBJECT FEES (N)
12 Registration of charges for public company N20,000 for every 1Million or part thereof
13 Filing of annual return for a small Company N2,000
14 Filing of annual return for Private company other than a small company N3,000
15 Filing of annual return for public company N5,000

How much is CAC business registration 2021?

The cost of registering your business name is #10,000. There will be an additional fee of #500 for business name reservation.

How much will it cost to register an NGO in Nigeria?

However, the total cost of registration ranges from N130,000 to N200,0000, including the cost of advertisements in 2 national newspapers. Above all, the process for registration of NGO or charitable foundation is tedious, and engaging the services of an expert for such incorporation is most advised.

Is CAC registration free?

The Federal Government has approved all self-employed and business owners to carry out their Corporate Affairs Commission (CAC) registration online free of charge.

Is it worth being a Ltd company?

One of the biggest advantages for many is that running your business as a limited company can enable you to legitimately pay less personal tax than a sole trader. … Running your business as a limited company could therefore help you to take home more of your earnings.

Can one person be a limited company?

In the UK, you only require one person to form a limited company. Whilst the application requests details of at least one member and one director, it is commonplace for the same individual to hold both of these positions. This means that you can set up a limited company on your own.

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Do I need an accountant for limited company?

Many sole traders, partnerships and limited companies are under the impression that they need an accountant. The truth is that there is no legal requirement to have your accounts prepared by an accountant unless your Limited Company is large enough to require an audit.

How do I know if my business name is on the CAC?

Check Business Name / Company Registration in Nigeria Online via CAC Website

  1. To search for a company or business name, visit the Corporate Affairs Commission (CAC) website.
  2. You will be presented with a form to type the name of the company / business you want to search for (as illustrated below).

How long does it take to get CAC certificate?

The entire process for registering a business name normally takes 1-2 weeks, depending on the workload of the CAC and other factors.

How do I register for CAC?

Registration steps for Business Names

  1. Check for availability of the Business Name (click here. Read more about name reservationand Reserve a new Name (click here)
  2. Complete pre-registration form – CAC-BNo1 and upload relevant registration documents(Online using Company Registration Portal)
  3. Pay filing fee Check the Fees for our Services here.

Can I register my business with CAC online?

An individual can now register a company online with CAC, with little or no help from anyone, except for Section E in the Registration Form CAC 1.1, which requires the signature of a Legal Practitioner and attestation by a Notary Public or Commissioner for Oaths.

How do I register a business name in Nigeria 2021?

HOW TO REGISTER A BUSINESS NAME IN NIGERIA (2021)

  1. STEP 1: CHOOSE A NAME FOR YOUR BUSINESS. …
  2. STEP 2: TAKE A TRIP TO THE NEAREST CORPORATE AFFAIRS COMMISSION(CAC) OFFICE. …
  3. STEP 3: TAKE ANOTHER TRIP TO THE CORPORATE AFFAIRS COMMISSION OFFICE. …
  4. STEP 4: COLLECTING YOUR BUSSINESS NAME CERTIFICATE OF REGISTRATION.
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20.03.2021

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.
Hai Afrika!