The Cost of CAC Registration Fees in Nigeria
In this article, you will learn about the cost of CAC registration fees 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 fees 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 Fees
The official application fee is N10,000 but there are other fees as laid out below
| Type 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.
Read Also: Register a Church or Mosque in Nigeria with CAC – Step by Step
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.
Read Also: How to Register a Private School in Nigeria
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.
