How much do you need to pay to register a company in Nigeria in 2022? Many businesses in Nigeria are unregistered due to many factors,it is not new that most business with the abbreviation “LTD” are not registered upon proper search at corporate affairs commission.
The registration of businesses and companies are the statutory functions /duty of the commission.
How Much do you need to Register a Limited Company in Nigeria in 2022?
The fees for the registration of a company depends on the category of such a company ,it could be a company limited by shares,or company by guarantee or unlimited.
A company limited by shares has a lot of benefits,i.e allotment and re-allotment of shares, in 2022 we now also have a limited liability partnership company, a limited partnership company adding to the categories of limited company in Nigeria. it is worthy to note that there are differences between these categories of limited company
The fees for registering a brand new Limited liability company will depend on the share capital of the company,the number of directors and shareholders e.t.c for example a limited liability company with one million Naira shares is registered at the rate of N50K-65K , this will change if the share capital is two million naira.A company with one million naira shares capital is usually referred to as a small company.
It is also important to note that in registering a limited liability company,the minimum share capital is also a factor in determining the price charged, for example foreigners willing to register their construction companies in Nigeria with foreign ownership must have at least ten million naira shares capital before it can be registered,this will definitely affect the fee charged by a cac accredited agent for it.
The general cac fees for business names in 2022 are:
| 1 | Reservation of Name | 500 |
| 2 | Registration of business name | 10,000.00 |
| 3 | Filing of notice of change of business name | 5,000.00 |
| 4 | Filing of notice of change in business address | 3,000.00 |
| 5 | Filing of notice of change in proprietorship | 9,000.00 |
| 6 | Filing of annual return | 3,000.00 |
| 7 | Filing of notice of cessation of business | 1,000.00 |
| 8 | Filing of other documents (miscellaneous) | 1,000.00 |
| 9 | Search on business name file | 1,000.00 per business name file |
| 10 | Certified true copy of business name certificate of registration | 5,000.00 |
| 11 | Certified true copies of other documents | 2,000.00 per document |
It is important to note that these fees are affected by remita charges and professional service fees.
The registration and computation of fees are subject to the sole decision of cac.
in 2022 the fees for companies and allied services are as follows:
| 1 | Reservation of Name | N500.00 |
| 2 | Registration of private company with share capital of N1million or less | N10,000.00 |
| 3 | Registration of private company/Increase in Share Capital above N1million and up to N500million | N10,000.00 for every N1million share capital or part thereof |
| 4 | Registration of private company/Increase in share capital above N500million | N10,000.00 for every N1million share capital or part thereof |
| 5 | Registration of Public company/Increase in share capital | N20,000.00 for the first N1million share capital or part thereof |
| 6 | Registration of Public Company/Increase in share capital above N1million and up to N500million | N10,000.00 for every N1million share capital or part thereof |
| 7 | Registration of Public Company/increase in share capital above N500million | N15,000.00 for every N1million share capital or part thereof |
| 8 | Registration of Company not having a share capital | N20,000.00 |
| 9 | Filing of notice of exemption of foreign Companies from Registration | N30,000.00 |
| 10 | Re-instatement/Relisting of company name | N25,000.00 |
| 11 | Registration of charges for private company | N10,000.00 for every N1million or part thereof |
| 12 | Registration of charges for public company | N20,000.00 for every 1Million or part thereof |
| 13 | Filing of annual return for a small Company | N2,000.00 |
| 14 | Filing of annual return for Private company other than a small company | N3,000.00 |
| 15 | Filing of annual return for public company | N5,000.00 |
| 16 | Filing of annual return for company Limited by Guarantee | N5,000.00 |
| 17 | Filing of annual report by foreign companies | N5,000.00 |
| 18 | Filing of statement in form of schedule 14 under section 553 | N10,000.00 |
| 19 | Filing of notice of merger/acquisition | N50,000.00 |
| 20 | Filing of special resolution for merger | N20,000.00 |
| 21 | Filing of other documents relating to merger | N10,000.00 |
| 22 | Filing of statutory declaration of solvency | N5,000.00 |
| 23 | Registration of appointment of liquidator | N10,000.00 |
| 24 | Registration of resolution for winding up | N10,000.00 |
| 25 | Filing of return of final meeting and account of liquidation | N5,000.00 |
| 26 | Filing of notice of change of company name | N10,000.00 |
| 27 | Filing of notice of alteration of memorandum and articles of association | N5,000.00 |
| 28 | Filing of notice of changes in particulars of directors | N2,000.00 |
| 29 | Filing of return of allotment and or notice of change in shareholding | N2,000.00 |
| 30 | Filing of notice of change in registered address | N2,000.00 |
| 31 | Filing of notice of appointment of receiver | N10,000.00 |
| 32 | Filing of notice of discharge of receiver | N5,000.00 |
| 33 | Filing of notice of change of signature | N2,000.00 |
| 34 | Filing of notice of reduction in share capital by public company | N20,000.00 |
| 35 | Filing of notice of reduction in share capital by private company | N10,000.00 |
| 36 | Filing of deed of release by public company | N10,000.00 |
| 37 | Fiiling of deed of release by private company | N5,000.00 |
| 38 | Application for extension of time for holding of annual general meeting by public company | N10,000.00 |
| 39 | Application for extension of time for holding of annual general meeting by private company | N5,000.00 |
| 40 | Letter of Good Standing | N10,000.00 |
| 41 | Other filings (miscellaneous) | N2,000.00 |
| 42 | Certified true copy of certificate of registration | N10,000.00 |
| 43 | Certified true copies of memorandum and articles of association | N3,000.00 |
| 44 | Electronic Search | N1,000.00per company |
| 45 | Manual Search by customers | N2,000.00 per company file |
| 46 | Manual Search Report prepared by officers of the Commission | N5,000.00 |
| 47 | Certified true copies of other documents | N2,000.00 per document |
| 48 | Consent for Restricted Names | N5,000.00 |
The list of fees above are subject to remita charges,cac decisions,and professional fees.
it is very important to know cac fees for incorporated trustees in 2022
| 1 | Reservation of Name | 500 |
| 2 | Incorporation of trustees | 30,000.00 |
| 3 | Filing of notice of change of name | 10,000.00 |
| 4 | Filing of notice of change in trustees | 10,000.00 |
| 5 | Filing of notice of amendment of constitution | 6,000.00 |
| 6 | Filing of annual return | 5,000.00 |
| 7 | Filing of notice of court order for dissolution of incorporated trustees | 5,000.00 |
| 8 | Filing of other documents (miscellaneous) | 1,000.00 |
| 9 | Search on incorporated trustees file | 2,000.00 |
| 10 | Certified true copy of certificate of incorporation | 10,000.00 |
| 11 | Certifed true copy of constitution | 5,000.00 |
| 12 | Certified true copy of incorporation form | 2,000.00 |
| 13 | Certified true copies of other documents | 2,000.00 per document |
The pricing for incorporated trustee registration such as church,NGO,club,foundation depends on the number of trustees,newspaper publication,constitution,consent fee. But 120k -150k can register an incorporated trustee in Nigeria.