How much does it cost to register a small business in Nigeria?

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 does it cost to register a business name in Nigeria 2021?

As a new business, all you have to pay for is the registration of your business name which is ₦10,000.00. Other fees can be paid for as the need arises.

How do I register my small business in Nigeria?

How to Register a Business Name in Nigeria

  1. Choose a Business Name and Check For Availability. Choosing a business name can be quite tasking sometimes. …
  2. Complete Your Pre-registration Form to Register Your Business Name. …
  3. Pay For a Filing Fee. …
  4. Prepare Your Documents For Upload. …
  5. Submit the Original Copies of Your Documents.

How much does it cost to set up a business in Nigeria?

Pay the necessary fees. For a sole proprietorship/business name as it is popularly called, you would need between N12,000 and N15,000 to register your business with the CAC, while other forms of ownership would require at least N30,000 for registration.

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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.

How much it will cost to register a company?

The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.

How do I register my business name for free?

To apply for a state trademark you have to file an application with your state’s trademark authority. You can apply for a federal trademark with the United States Patent and Trademark Office (USPTO). Confirm that your chosen name is free for use.

How much is CIPC annual fee?

Annual Return FAQ

Annual Turnover Private and Incorporated Companies Public Companies
Less than R10 million R450 R4000
More than R10 million but less than R50 million R2500 R4000
R50 million or more R4000 R4000
Penalty fee for each late lodgment R150 R150

How do I get a CAC certificate?

Step-By-Step Process on How to Register Your Company in CAC Nigeria

  1. Get a company name. …
  2. Prepare the MOA. …
  3. Fill the Pre-Registration Form. …
  4. Pay the Stamp Duty and Filling Fee. …
  5. Prepare the Scanned Copy of Your Documents. …
  6. Submit the Original Documents.