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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 ₦10,000 to ₦5,000,000, 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 ₦50,000 to ₦200,000.
- 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 ₦1,000 to ₦500,000.
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