The cost of registering a company in Nigeria is between N50k-N60k (for a limited liability company between N50k-N1million Share Capital). Part B, sections 18 to 54 of the Company and Allied Matters Act 2020 extensively outlines the key requirements for the formation and registration of companies in Nigeria and the roles of parties involved play. …
Company Registration in Nigeria: Cost and Requirements Read More »
You landed on this page because you’re wrongly debited by the Corporate Affairs Commission (CAC) via its payment platform remita, don’t be disturbed because you’re not alone there and this post will guide you on how to request a refund from CAC. Who can request a refund from CAC? Requesting a refund from the commission …
Request A Refund From CAC: 7 Key Details To Include In Your Email (Letter) Read More »
With N25,000, you can register a Business Name (BN) in Nigeria. This cost covers charges for the Tax Identification Number (TIN) and the service charge of an accredited CAC agent handling the process for you. In case you want to bypass a CAC agent, you can also use the CAC pre-incorporation portal to reserve your …
Registering A Business Name in Nigeria: Cost Implication and Requirements Read More »
With its establishment in 1990 by the Companies and Allied Matters Act during the regime of former military President Ibrahim Badamosi Babangida, the Corporate Affairs Commission (CAC) is now the first point of call for business owners who want to give their enterprise or limited liability company a legal backing. We’ll tell you more about …
10 Functions of Corporate Affairs Commission Under CAMA Read More »
The fees of annual filing for a Registered Company and a Business Name are N5,500 for annual filing and N5,000 penalty for late filing, making N10,500 per year. The cost excludes charges of accredited CAC agents. Instead of paying a fine of N5,000 for each year you missed for failing to file annual returns for …
Requirements and Cost of Filing Annual Returns in Nigeria Read More »
Query in your CAC dashboard is a request by an official of the Corporate Affairs Commission that you need to fix an issue in your business name and company registration and re-submit the application for re-assessment. Reasons your business registration may be queried Some of the reasons your application may be rejected or queried include: …
One of the key requirements in accessing some of the ongoing CBN loans is evidence of business registration with the Corporate Affairs Commission (CAC). Unfortunately, some applicants are having a problem verifying their registration on the CAC portal. Do you know that refusal to file an annual report may lead to CAC ‘sanction’ against your …
How To Solve The Issue of CAC Verification Code (Unverified Status) Read More »
If you registered a company with the Corporate Affairs Commission and you failed to file a return every year, your company status will change to “inactive”. If the status of your company or business is “inactive”, the issue is resolvable. We’ll guide you on how to change your status to “active” on CAC portal. Before …
How To Change Inactive to Active on CAC Portal If Your Company Was Delisted Read More »
BN is for Business Name (BN) is for sole proprietorship or partnership while registration Number (RN) is for different forms of limited liability company. In the course of registering your business with the Corporate Affairs Commission, you might come across jargon like BN and RC. Apart from telling you the difference between the two registration …
Difference Between Business Name and Registration Number (BN vs RC) Read More »
The Registrar General of the Corporate Affairs Commission Garba Abubakar said that the planned payment for CAC re-validation of accreditation is a one-time fee. According to him, the exercise would not be done annually. The commission stated this in a tweet Friday and added that the deadline has been extended to June. “Dear esteemed Customers, …