Registering a company in Nigeria is an important step towards establishing a legal entity for your business. However, it is essential to understand the costs involved in the registration process to make informed decisions.
The cost of registering a company in Nigeria can vary depending on several factors, such as the type of company, the authorized share capital, and the professional fees involved.
Here is a breakdown of the typical costs you can expect:
- Corporate Affairs Commission (CAC) Fees: The CAC is the government agency responsible for company registration in Nigeria. The fees for registering a company with the CAC range from โฆ10,000 to โฆ5,000,000, depending on the authorized share capital.
- Professional Fees: You may need to engage the services of a lawyer or an accountant to assist with the registration process. The professional fees can vary, but they typically range from โฆ50,000 to โฆ200,000.
- Stamp Duty: Stamp duty is a tax levied on certain legal documents, including company registration forms. The stamp duty fee is usually a small percentage of the authorized share capital and can range from โฆ1,000 to โฆ500,000.
It is important to note that these costs are estimates and can vary based on individual circumstances and any additional services required. It is advisable to consult with a professional or visit the CAC website for the most accurate and up-to-date information.
This article was updated 1 month ago
