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CAC Extends Cost Reduction Of Business Registration Till March 31

The Corporate Affairs Commission (CAC) has extended the window for registration of business names at the reduced cost of N5, 000.00 by 90 days.

The Commission said this was  in furtherance of its efforts to deepen the benefits of its reform initiatives and as support for the growth of  the micro, small and medium enterprises (MSMEs)

The government agency made the announcement on its Twitter handle, @cacnigeria1.

CAC said, “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.”

The body added that the extension was to enable more micro, small and medium enterprises to formalize their businesses, which will enable them to own corporate account with banks, have access to loans, grants and other government interventions.

CAC added, “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.”

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