I'm thinking of doing something big this year guys, I want to establish a business, what are the steps and requirements to register a company name with corporate affairs commission? is the registration free? How much does it cost?

God1000:
I'm thinking of establishing a business this year, what are the steps and requirements to register a company name with corporate affairs commission? is the registration free? How much does it cost?

Registration isn’t free , the least which is business name would cost you around 12k if you are doing it yourself but if you want to hire an agent at least 20k . Also there are no requirements, just check your business availability first then proceed to reserving the name

kenniefawole:


Registration isn’t free , the least which is business name would cost you around 12k if you are doing it yourself but if you want to hire an agent at least 20k . Also there are no requirements, just check your business availability first then proceed to reserving the name

thanks so much bro, I appreciate.

It's not free bro, everything will cost between N60k to N70k because a lawyer has to do it for you.

RoyalBoutique:
It's not free bro, everything will cost between N60k to N70k because a lawyer has to do it for you.

is it compulsory for lawyer's involvement?

God1000:
is it compulsory for lawyer's involvement?

No, not really.

I registered my first company myself, it took 4months (and a lot of phone calls and emails to their office) for the certificate to come out.

I registered my 2nd company with a lawyer, it took slightly more than a week for the certificate to come out.

The money between the two had a difference of N10k, the lawyer being the cheaper option.

When I asked why, they said this new method of self-registration has made them lose a lot of side money.

So they're frustrating the process for those that don't want to go through their approved lawyers.

Hope that answers your question.

RoyalBoutique:


No, not really.

I registered my first company myself, it took 4months (and a lot of phone calls and emails to their office) for the certificate to come out.

I registered my 2nd company with a lawyer, it took slightly more than a week for the certificate to come out.

The money between the two had a difference of N10k, the lawyer being the cheaper option.

When I asked why, they said this new method of self-registration has made them lose a lot of side money.

So they're frustrating the process for those that don't want to go through their approved lawyers.

Hope that answers your question.

yeah thanks.

But the first poster here mentioned 12k as registration fee, yours is between 60-70k.
Maybe it has been reduced.

God1000:
yeah thanks.

But the first poster here mentioned 12k as registration fee, yours is between 60-70k.
Maybe it has been reduced.

12k for business name registration only.

It's a 2-part registration.

1. Business name search and approval.
2. CAC certificate registration

RoyalBoutique:


12k for business name registration only.

It's a 2-part registration.

1. Business name search and approval.
2. CAC certificate registration

thanks for the clarification, happy new year

God1000:
thanks for the clarification, happy new year

You're welcome.

Happy New year to you too.

RoyalBoutique:
It's not free bro, everything will cost between N60k to N70k because a lawyer has to do it for you.

Expatiate why your quotation come be #60K-#70K "because a lawyer has to do it for you"

God1000:
I'm thinking of doing something big this year guys, I want to establish a business, what are the steps and requirements to register a company name with corporate affairs commission? is the registration free? How much does it cost?

This a cute and interesting THREAD!

johhbekeboh09:


Expatiate why your quotation come be #60K-#70K "because a lawyer has to do it for you"

I don't need to expatiate.

You can do it yourself and tell us how much you spent so far.

RoyalBoutique:
It's not free bro, everything will cost between N60k to N70k because a lawyer has to do it for you.

Are you mistaking ? A business name or limited liability company

kenniefawole:


Are you mistaking ? A business name or limited liability company

Go back to the article and read the whole comments.

It's been answered there.

RoyalBoutique:


Go back to the article and read the whole comments.

It's been answered there.

I just did . I get you now