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 do I register a private limited company in Nigeria?
Step-By-Step Process on How to Register Your Company in CAC Nigeria
- Get a company name. …
- Prepare the MOA. …
- Fill the Pre-Registration Form. …
- Pay the Stamp Duty and Filling Fee. …
- Prepare the Scanned Copy of Your Documents. …
- Submit the Original Documents. …
- Cost of Setting a Company in Nigeria.
25.06.2018
How much do I need to register my business in Nigeria?
The CAC official filing fee for the registration of business name in Nigeria is N10,000 (Ten Thousand Naira Only). However, where an accredited agent is engaged by the applicant for such registration, the agent will also charge a professional fee for the services to be rendered.
How much is CAC registration 2021?
According to the Companies Regulations 2021, the filing fees for the Statement are N5,000.00 and N10,000.00 for private and public companies, respectively.
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.
How much does it cost to register a company in Nigeria 2020?
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.
Can one person start a private limited company?
Minimum two directors are required to incorporate a private limited company. Companies Act, 2013, has introduced the concept of One Person Company (OPC) private limited, in which a single individual can start a private limited company. Thus, if you plan to incorporate OPC, you can incorporate it with only one director.
How much does it cost to register a company in Nigeria 2021?
The minimum is N100, 000 for a private company and N2, 000, 000 for a public company. ix.
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.
Is CAC doing free registration?
The Federal Government has approved all self-employed and business owners to carry out their Corporate Affairs Commission (CAC) registration online free of charge.
Can I register for CAC online?
Individuals and businesses can now complete the entire process of registering their companies online using the new e-registration portal launched by the Corporate Affairs Commission (CAC). … Here’s a step-by-step guide on how to register your company online using the new CAC e-registration portal.
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 register my business with CAC online?
You can now register your Business Name with the online portal of The Corporate Affairs Commission (CAC).
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.
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 long does it take to register a Ltd company?
If you set up a limited company through 1st Formations, the registration process usually takes 3 to 6 working hours (subject to Companies House workload). If you choose to start trading straight away, your company is ‘active’ and you must register with HMRC for corporation tax within 3 months.