Complete Guide to CAC Fees for Business Name Services in Nigeria

2 min read

Are you aware of the fees associated with registering a business name with the Corporate Affairs Commission (CAC) in Nigeria? From name reservations to annual returns, understanding these costs is essential for any entrepreneur. What are the exact fees, and how can they impact your business? Let’s dive into the specifics to help you budget effectively and avoid any surprises.

CAC Fees for Business Name Services in Nigeria

Navigating the costs associated with business name services can be daunting, but the Corporate Affairs Commission (CAC) has clearly outlined the fees for various services. This guide will help you understand the fees charged by the CAC for different business name-related services, from name reservation to annual returns.

Name Reservation ₦500
Restricted Words ₦5,000
Registration ₦10,000
✏️ Change of Name ₦10,000
Annual Returns ₦3,000
Status Report ₦5,000
Voluntary Striking-off ₦10,000
Same Day Filing ₦10,000

Name Reservation Fees

When starting a business, reserving a name is an essential step. The CAC charges a nominal fee for this service.

Fee: ₦500

For names that include restricted words, the fee is higher.

Fee for Restricted Words: ₦5,000

Registration and Certified True Copies

Registering your business and obtaining certified true copies of registration documents incurs a standard fee.

Fee: ₦10,000

Change of Name

If you need to change your business name, the CAC charges a fee for processing this change.

Fee: ₦10,000

Annual Returns and Miscellaneous Filings

Filing annual returns and other post-registration documents is crucial for maintaining your business’s good standing.

Fee: ₦3,000 each

Status Report and Letter of Good Standing

Obtaining a status report or a letter of good standing can be necessary for various business dealings.

Fee: ₦5,000

Voluntary Striking-off

If you decide to voluntarily strike off your business from the register, a fee is applicable.

Fee: ₦10,000

Same Day Post Incorporation Filing

For urgent post-incorporation filings, an additional fee is charged on top of the regular filing fees.

Fee: ₦10,000

Relisting

If your business has been delisted and you wish to relist it, there is a significant fee.

Fee: ₦25,000

Restriction of Proprietor’s/Partner’s Residential Address

To restrict the residential address of a proprietor or partner, the CAC charges a fee.

Fee: ₦25,000

Certified True Copy of Documents/Extract

Obtaining certified true copies of documents or extracts from the CAC incurs a fee.

Fee: ₦5,000 each

Application for Cessation

For processing an application for the cessation of a business, the following fee applies.

Fee: ₦10,000

For more detailed information on the fees associated with CAC services, you can visit the CAC schedule of fees.