50% Discount on Business Registration Fees Extended to August

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Recall the business registration slash in price to N5,000 last year which was disclosed by the Vice President – Yemi Osinbajo, the Vice President has directed the Corporate Affairs Commission (CAC) to further extend the registration of business names at N5, 000 by 90 days from May 13 (today) to August 13, 2019.

This is to give Micro, Small and Medium Scale Enterprises (MSMEs) that could not register their businesses in the first and second phases of the Business Incentive Strategy (BIS) opportunity to do so.

Acting Registrar General of CAC, Azuka Azinge, disclosed this yesterday in a statement issued by its Head, Public Affairs, Moses Adeguusu, in Abuja.Under its Business Incentive Strategy (BIS), the commission had reduced the cost of business names registration from N10, 000 to N5, 000 for three months beginning from October 1 to December 31, 2018.

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The Acting Registrar-General of Corporate Affairs Commission, CAC, Mrs. Azuka Azinge

Azinge said upon expiration of the initial three months window, CAC received several requests from stakeholders and the public and therefore, extended it for another three months from January 1 to March 31, 2019 due to popular demand, particularly from state governments.

She said the latest extension will deepen the success achieved in the first and second phases and will run from Monday, May 13 (today) to August 13, 2019 and charged members of the public to take advantage of the extension window to register their business names.

They could either do so themselves online by logging on to the commission’s website: www.cac.gov.ng or visit any of its offices nationwide. Azinge also disclosed that the Companies and Allied Matters Amendment (CAMA) Bill had since been passed by the National Assembly and awaiting the President’s assent.

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For more information on how to register your business with CAC, click here.

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