CAC Registration Fees

The Corporate Affairs Commission (CAC) has proclaimed a decline in the value of business name CAC Registration fees. The cost of registering a business name is now of N5,000 which is half the original amount. The service beforehand took a registration fee of N10,000 to register a business name.

1. Have you experienced difficulties obtaining Loans from the bank?
2. Is your company registered with the Corporate Affairs Commission?
3. Do you have a pending Government fund because you haven’t registered your business name?
4. Have you heard about the decrease in CAC Registration fees?

We bring you good news from the Corporate Affairs Commission (CAC) with conjunction with The Business Incentives Strategy.

The organization published that the decline in the cost of registering a business name was because the firm wants to encourage small, micro, medium ventures to officialize their operations in the country- entirely aiming at developing Business incentive strategy.

See Also: CAC Recruitment 2022/2023 Application Form | Successfully Apply Today

Notice To The Public

With the mind of improving its initiatives, the organization has decided to bring down the value of CAC registration fees for a business name from the original price of N10,000 to the now N5,000.

However, you can keep your business name by paying N500 different from the CAC registration fees. The commenced two years ago on the 1st of October, 2019.

Being an initiative of the Business Incentive Strategy to make the MSMEs be able to get grants, take loans from commercial banks, create corporates bank accounts, and enjoy government funds and incentives.

In all other words, for Micro Small and Medium Enterprises officialize their businesspeople of the society are urged to take hold of this opportunity, to enlist their Business Names at the now decreased value of N5,000 after Reservation of the Name of N500.

People should take hold of this opportunity, to enlist their Business Names at the now decreased value of N5,000 after Business Reservation of the Name of N500. Also know that this is only valid for 90 days. This means it end on 31st December, 2022.

To confirm this information, you can go to their official website to see for yourself; which is http://new.cac.gov.ng