How much is enterprise registration in Nigeria?

How much is CAC registration 2021?

To start with, the official cost for registering your business/company name with CAC is N15,000.

How much does CAC registration cost?

CAC Registration Fees

S/N SUBJECT FEES (N)
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
16 Filing of annual return for company Limited by Guarantee N5,000

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.

How do I register an enterprise company in Nigeria?

Step-By-Step Process on How to Register Your Company in CAC Nigeria

  1. Get a company name. …
  2. Prepare the MOA. …
  3. Fill the Pre-Registration Form. …
  4. Pay the Stamp Duty and Filling Fee. …
  5. Prepare the Scanned Copy of Your Documents. …
  6. Submit the Original Documents.
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How do I register my CAC for free?

CAC Free Business Name Registration has begun through the www.cac.gov.ng registration portal. Under the MSME Survival Fund, there is SUPPORT FOR ESTABLISHMENT – The Federal Government will provide free CAC business name registration to 250,000 businesses.

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.

Can I start a business without registering it?

You are allowed to operate a sole proprietorship without registering, but you are required to register with your local government to collect and file state taxes. There is nothing wrong with running an unregistered business as long as your business is legal and meets all licensing and tax requirements.

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

While there is no exact amount required for registering one, as the eventual amount to be paid differ on a case by case basis, registering an NGO in the right way costs between N120, 000 and N400, 000.

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.

Can one person own a company in Nigeria?

On 7 August 2020, a new company legislation was signed into law. By the new Companies and Allied Matters Act 1990, a single person can now start, promote, register and own a private company, by being the sole shareholder and director of his/her private company. …

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How long does it take to register a company in Nigeria?

The Corporate Affairs Commission (CAC) has announced the commitment of the commission to register companies within 48 hours, approve names same day and ensure 5-day completion for other post-incorporation services not available electronically.