Business Registration At CAC Is N5000 Till March 31

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The federal government approval of a special window of 90 days for all interested Nigerians to register businesses for N5000, down from N10,000 previously is still open.

Instead of the window closingDecember 31, the Corporate Affairs Commission (CAC)says the 50% discount on business name registration will now end March 31.

The CAC said all these is
“In an effort to deepen the benefits of its reform initiatives, the Corporate Affairs Commission has extended the reduction of cost of Registration of Business Names from N10,000 to N5,000 after the Name Reservation of N500, with effect from the 31st December, 2018 to 31st March 2019,” CAC said in a statement.

“The Business Incentive Strategy is aimed at creating a window for Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses which will enable them own corporate account with Banks, have access to Loans, grants and other government interventions.

“Members of the public are enjoined to take advantage of this window, to register their Business Names at the reduced cost of N5, 000 after the Name Reservation of N500.”

Registering a business name
enables owners of small and medium scale enterprises to own their business, open a corporate account with Banks and have access to Loans, grants and other government interventions.

While the registration of the Business name is at the reduced cost of N5, 000 after the Name Reservation of N500 and all the details are available at the CAC website.

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