How Much To Register A Business Name In Nigeria 2021
Registering a business in Nigeria can only be done by the corporate affairs commission also known as CAC. Business Names and Incorporated Trustees may now apply to the Commission for the creation of Electronic Accounts for their Entities.
The following are the best ways to get a business entity registered in Nigeria without any stress.
How much to register a business name in nigeria 2021. How Much Does it Cost to Register a Business Name in Nigeria. Imagine after struggling to create a value for the business but not registered and some investor from nowhere does a search only to find out the your business name is not registered with CAC corporate Affair Commission and registers the company name you have. Fee for registering a private company that has a share capital of more than 1 million Naira and up to 500 million Naira - 5000 Naira for every 1 million Naira share capital or part of it.
The Job of the CAC is to register and maintain the registry of business names and companies in Nigeria. How and where you need to register depends on your business structure and business location. The cost of Registering a private companyIncrease in Share Capital above N1million and up to N500million cost N5000 for every N1million share capital or part thereof.
However if you engaged an accredited agent for such registration the agent will also charge a professional fee for the services to be rendered. STEP 1- Choose a Unique Business Name. How to Successfully Register a Business Name in Nigeria in 7 Steps Step 1.
Registering a business name is as important for the survival of the business many shy away from this due to the cost implication. The first thing you are expected to do in your sojourn to register your business in Nigeria is to decide on what will be your business. Last week the Joint Admissions and Matriculation Board JAMB has advised prospective candidates to disregard any adverts posted on social media sites stating that sales of form for JAMB 2021 registration have started and can be done in some illegal centers.
Cost of Business Name Registration in Nigeria. That does not exclude the FCT Federal capital territory Abuja. Home Muhammad Abdullahi 2021-01-29T0735020100.
It takes an average of 1 2 weeks to completely register your business. Below are the rules and restrictions for registering a business name in Nigeria 1. They have branches all over the 36 states of Nigeria.
The CAC official filing fee for the registration of the business name in Nigeria is N10000 Ten Thousand Naira Only. Breakdown of CAC Company and Business Name Registration Fees In Nigeria Business Chacha - April 14 2021 The CAC which is an acronym for the Corporate Affairs Commission is the governmental agency in Nigeria charged with the responsibility of registering companies. N50000 Certificate will be out within 5.
The cost of registering a regular business name in Nigeria is N5000. JAMB 2021 registration is set to commence tomorrow January 10 and the form will be sold at the rate of 3500. Register your business to make it a distinct legal entity.
A true certified copy of company registration N 10000. Cost Of Registering A Business In Nigeria - Business - Nairaland. How Long Does It Take To Register A Business Name.
Saturday 10 April 2021 at 1128 AM. So no more lawyers and chartered accountants who youll have to pay sometimes as much as N100000 to register your business name. Fee for registering a private company that has a share capital of less than or equal to 1 million Naira - 10000 Naira.
The corporate affairs commission is the only legal organisation empowered legally in Nigeria to register a business in Nigeria they have offices in all the 36 states of the federation. In as much as registering a business name in Nigeria is easy and smooth it is also important to do it without going against the set rules and requirements. The cost of registering your business name is 10000.
Reservation of name N 5000. Registration of a private company with an authorized share capital of N1m or less costs N10000 Registration of a private company with a share capital of more than N1m and up to N500m costs N5000. Restrictions in Registering a Business Name in Nigeria.
Filing of annual returns of a private company with a share capital of one million or less N3000. Select Three 3 Potential Business Names. Find out the step by step process for Business Name Registration.
The Step by Step Approach on How to Register a Business name in Nigeria. There will be an additional fee of 500 for business name reservation. N15000 Certificate will be out within 5 working days Limited Liability Company 1 million share capital.
This article will show you how you can register a business name for just N10500 in Nigeria. Registration of the private company with a share capital of one million or less N10000 to N15000. HOW TO REGISTER A BUSINESS NAME IN NIGERIA 2021 Having your business name registered can take from 2 weeks to a month.
The Registration of a private company with a share capital of N1million or less cost N10000.
