Cost Of Incorporating A Ltd Company At Cac

Our own Naija people never cease to amaze you, what are we turning the topic to?. If you know how people here can get help to get their business up share it not starting an arguement. This is not directing my response at anyone in particular please share good info if you have any if not zip it. Most of the people here have little caiptal to start with in the first place why discourage or make life difficult for them?. For every way there is a less expensive and legitimate alternative if you know it please share it.

Does anyone know, when you incorporate your business in any state capital (say Lagos or Portharcourt) in Nigeria do they have a timely turn around response as when you file it in Abuja or do you have to go to Abuja to file it?. How long does it normally take when you file it in a state and when you file it in Abuja? If anyone have information on this please let us know. Thank you.



Well, CAC is like any other government parastatal or agency wherein all decisions are taken at Abuja.So whereever you submit your documents for registration, PH, Lag or Kano or any other CAC offices nationwide, it would still be batched and sent to ABJ. Now ordinarily registration spans 2 weeks in Abuja, so if your documents are submitted outside ABJ it means they would be available for collection where you submits between 3-5 weeks.

I have had course to educate people here(i.e nairaland) and I am sure other lawyers have done same. Now the only form of business an individual can register at CAC is BUSINESS NAME. Every other one you have to use the services of a lawyer, chartered secretaries and chartered acct. They are the ones that have been accredited by CAC to do so. You cannot register a LTD,PLC or whatever form without them because you will have to use their accreditation number i.e. for lawyers you have something like NBA/IND/,  you will require this number to do bizz other than Business name with CAC. Thus, rather than come here and ask for info on how much it takes to register a coy, I would have expected you to ask who could do it affordably for you.

While information on incorporating a business is Nigeria is somewhat lacking and confusing, i will have to disagree with the point that the cost is too high.
For those making comparisons with the US, the cost of incorporating in the US varies by state. I know it costs atleast $300 for my state of incorporation if you do it yourself. An accountant or lawyer can charge anywhere from $150 to $400 to provide you this service.
In the case of Nigeria, we need lawyers and accountants to provide better straightforward information and education on business registration since it is a service they offer. They should offer better transparent services to their incorporating clients and then charge accordingly based on their service level.


Thanks. This is what we have been telling all these over 'sabi' that although the CAC has has some specific statutory fees to be paid however, the lawyer or accountant who is instructed would charge whatever he wishes putting in mind the fees indicated by CAC and that this varies from lawyers/accountants. Now life is about choice and you will always get somebody who will be ready to accept what you have in registering a company for you at the CAC rather than say it is expensive, or compare Nigerian jurisdiction with another jurisdiction. As per information, CAC cannot provide more than the information you have on their website because it is regulated by law otherwise the enacting law must be ammended to allow it display more info on its web. Besides they do not expect you to deal directly with them rather that you use the services of a lawyer or accountant. The info on its web is to give guidelines as to what you should expect from the lawyer/accountant apart from the prof fees.

@brownbonno. God bless you for your observation. However, please note that for every positive there is a negative, the lawyers that you have seen presenting incoherent speech or what have you at public hearing were the ones who had the opportunity of getting there. If you are a Nigerian you should know that no matter how good you are if they do not want you there you can't be there. The best you can do is go on the pages of dailies and express your views which does not matter or in nairaland (where so many people who are not in touch with Nigeria{not you oh} express all manner of silly opinions, of course I keep saying it "opinion is the cheapest thing you can buy"). The totality of this is that you will find the ones that are not good occupying sensitive positions and when the bubble burst the whole world blame the lawyers- remember INEC saga involving a SAN and the power contract saga where over 20 non-registered companies were awarded contracts, the list is endless. I strongly believe that this is a phase.