₦airaland Forum

I got highest numbers of enquiries about incorporated trustees registration this

And close highest numbers of the deal

Yes since my 5 years in CAC registration, I did highest numbers of name with consent though one almost made me run made but I showed it that I am old hand

We got approval last last

Incorporated trustees is one categories of CAC registration that we agent know it doesn't come often

Sometimes I can stay 2 to 3 months without getting any IT job, I don't know about others sha

So this month when enquiries started pouring in, I thought it was usually but to my suprise I got some of the deals

Next month over to you ooo, you see how your mate come with a lot of IT deal

I am watching you closely 😂

5 things business owners should know

Annual return is not the same as tax payment.

It is not the same as renewing your business name.

It is a statutory filing with CAC.

Failure to file can attract penalties and other consequences.

Even if your business is not making money, you should not assume you are exempt from filing.

Need help registering your business with CAC? Get professional assistance with your application, clear service fees and guidance on the process. Contact us for a quotation.

We do CAC, Trade-mark, export licence registration and NIN modification

MAKE YOUR BUSINESS OFFICIAL WITH CAC AND OTHER AUTHORITIES

Are you an entrepreneur or business owner in Nigeria looking to formalize your business?

We process error free documents hence you need to choose us

Our Services Include:

✅Business Name Registration

✅ Limited Company Registration

✅NGO/Trustee Registration

✅Name Search & Reservation

✅ CAC Filing & Documentation

✅ Post-Incorporation & Compliance Services
✅ SCUML registration

✅ Trademark registration

✅ Export licence

✅Tin and Rev360(tax pro)

Start that business with proper foundation

Call or WhatsApp: 08149344598

Location is not a barrier.

We are your best plug for all CAC related service

MAKE YOUR BUSINESS OFFICIAL WITH CAC AND OTHER AUTHORITIES

Are you an entrepreneur or business owner in Nigeria looking to formalize your business?

We process error free documents hence you need to choose us

Our Services Include:

✅Business Name Registration

✅ Limited Company Registration

✅NGO/Trustee Registration

✅Name Search & Reservation

✅ CAC Filing & Documentation

✅ Post-Incorporation & Compliance Services
✅ SCUML registration

✅ Trademark registration

✅ Export licence

✅Tin and Rev360(tax pro)

Start that business with proper foundation

Call or WhatsApp: 08149344598

Location is not a barrier.

We are your best plug for all CAC related service

I have this lady banker who always brings CAC registration to us

So one day I asked her how she usually gets clients for CAC registration because I know she is not in marketing section of the bank

That was how she told me that some people walk in to bank to request for business account opening without CAC documents

She said some of them don't even know you have to register with CAC first before business account opening will be possible

Now instead of sending them out to look for CAC agent to do the registration for them, she will tell them she can help them process that

She will get their details, send to us, we process and send to her she then she opens business account for them

Now you know you can't open business account without CAC documents

A client contacted about annual return filing

I requested for the company name to see the CAC charge, because this days CAC has been given different prices for company annual return

when I searched and saw the CAC then added my service charge totaling it to 23k per year

Then i told him about the price

The company was registered 2015, making it 10 years annual return

So it will be 23k multiply by 10

He said he can't pay all for now that he will pay for only 1 year then be filing the rest as money comes

He sent the first 23k

I filed for 1 year

Sent him the acknowledgement letter

Next thing he sent me voicenote shouting that the name is still INACTIVE after filling

I was trying to explain things to him then he cut the call and block me 😂

Some people with their funny character 😂

These are what is going to happen if you don't file your annual return after CAC registration

1.The Corporate Affairs Commission (CAC) will charge penalties for every year the annual return is defaulted.

2. Your company or business will be marked as inactive on the CAC portal, which will affect your company reputation.

3.You may face challenges when Opening or updating a corporate bank account, applying for loans or grants, Bidding for contracts.
Processing other CAC filings, like changes of directors or proprietor, share capital, or business details

4.It can be strike off, If a company fails to file annual returns for many years, the CAC has the legal power to remove (strike off) the company from its register.

I know you wouldn't want any of these for your brand

Get in touch with us today to activate your business or company

08149344598

I have said it before, and I'll say it again. Whatever your reasons are for not registering your business is insignificant to the benefit you'll get when your business is fully certified and legalized.

Whether you agree or argue, a University Degree Holder and someone with a WAEC holder is not at the same level.

The individual with the WAEC holder if he likes he should pray from now until Christ comes, they're many doors that will never open for him. That's just the truth.


The same applies to your business when it's not certified, or registered.

Have you seen this public notice from CAC

Your company letterhead.

You know those official letters you write to banks, clients, government agencies, suppliers or business partners?

CAC says those letters should not just carry your company logo and address alone.

There are certain details that must also appear.

For example...

Your company name should be there.

Your RC Number should be there.

The names of your directors should also appear on the letterhead. It can be their initials and surname or their full names.

And if any of your directors is not a Nigerian, the person's nationality should also be stated.

This is talking about your official business letters.

So if you're sending a proposal, writing to a bank, responding to a government agency or issuing an official company correspondence, your letterhead should comply with Section 304 of CAMA.

According to this public notice, CAC says from 1st August 2026, they will begin enforcing this requirement, and there may be sanctions for companies that don't comply.

So if you own a Limited Liability Company, this is a good time to call whoever designed your letterhead.

Review it.

Update it if necessary.

This particular CAC notice does not apply to Business Name registrations. It is specifically for companies (Ltd, Plc, Ltd/Gte, etc.) registered under CAMA. So if you operate a Business Name, this requirement is not directed at you.

Credit - Seiminiyifa Franklin

CAC is about to STRIKE OFF 100,000 companies (badge 6)

This means that the company will no longer be valid, if you have bank account with the company name, it will also affect that and many other places that you might have been using the company name

And this can only affect your company if you have not been filing annual return

But why do some people do this

Late last year, a prospect chatted that he wants to register his school with CAC

Then I asked if he had TRCN and he said no but he has written the exam already, awaiting the certificate

He promised to get back to me once the certificate is out

So I didn't bother to send follow up message

Last week Monday he chatted to tell me he is ready for the registration that his TRCN is out

He requested for the requirements which I sent

He filled everything within an hour and sent back

After crosschecking all the details everything was okay

Then I forwarded my account details to him, he ghosted me

On Wednesday I sent him a reminder message then he replied that he has given the job to another agent

Sincerely I couldn't explain how I felt that day 😂 😂 😭 😭

Travel and tour share capital is 30 million if you want to register it under cac

This doesn't mean the registration charge is 30 million or you must have 30 million in your account before it can be registered with CAC

Though you will be paying higher for the registration

Most agents charge 60 to 100k for 1 million

This simply means to register 30 million shares capital company will be higher because the higher the shares the higher the money for the registration

You have to budget around between 800k to 1 million naira or more even

Yes price varies from agent to agent

So when you hear company is 100 million shares capital company you don't need to panic 😂

Some companies and their minimum shares capital

PRIVATE SECURITY COMPANY/CONSULTANT 10 Million

STOCK BROKER
200 Million

MICRO FINANCE BANK (STATE & FCT) 1 Billion

BUREAU DE CHANGE
35 Million

FINANCE COMPANY
20 Million

SPORTS LOTTERY
30 Million

AGRICULTURAL SEEDS, PRODUCTIONS, PROCESSING, MARKETING 10 Million

FREIGTH FORWARDING
5 Million

SHIPPING COMPANY/AGENT 25 Million

TRAVEL/TOURS 30 Million

AVIATION (AIR TRANSPORT TRAINING INSTITUTIONS) 2 Million

AIR TRANSPORT (LOCAL) 500 Million

This share capital you are seeing here is not money

Assuming your company minimum shares is 10 million

Then the registration fee won't be 10 million

Some agent charge between 25k to 50k for additional shares, yes because that is how CAC charge us as shares increases, the higher the share the higher the fee paid to CAC

So if your company is 10 million shares then it is calculated this way

For the first 1 million let use 70k
Then the remaining 9 million will be charged 25k by 9 =225k + 70k making the total registration 295k

This calculation was done with 25k for each additional shares, so price is not the same from all agents.

Some prospects will ask us if it possible to backdate CAC registration

It is not possible because every CAC certificate carries the date of approval

This question normally comes from people that want to summit proposal and the company they wants to send the proposal to want business that has lasted for some years

So this is why it advisable to get that cac certificate ready anytime because you don't know when opportunity like this will come

Start putting your business in other to avoid missing such opportunities

There are some businesses in nigeria required by Law to have a SCUML Certificate

You might be wondering what SCUML is all about

SCUML is an acronym for Special Control Unit Against Money Laundering.

It is a unit that works under the EFCC to monitor businesses that are handle large sums of money.

It a certificate to proof that your business is not into money laundering or illegal activities

Here are Businesses that must have a SCUML certificate:

✅Real estate agents and property developers
✅Car dealers and automobile importers
✅Dealers in jewelry and luxury goods
✅Dealers in precious stones and metals
✅Hotels and hospitality businesses
✅Supermarkets
✅Construction companies
✅Tax consultants
✅Accountants and accounting firms
✅Audit firms
✅Law firms
✅Consultants and consulting companies
✅Casinos, pool betting and lottery businesses
✅Trust and company service providers
✅Estate surveyors and valuers
✅NGOs, churches, mosques, foundations and registered charities

If any of the above appeared on your company name, objects or nature of business then SCUML is compulsory for business account opening

Some banks can actually open account for your company without SCUML but you won't be able to carry out much transactions because once serious money enters, your account will be frozen till you avail your SCUML certificate

You can reach us now if you need to get your SCUML certificate

081493-445-98

Amovingman:
How much to change name on nin and your Whatsapp number please

Annual return deadline for business registered in 2025 is June 30.

Once you don't file annual return before June 30 it will attract penalties

See what will happen if your business annual return is not up to date 👇

⛔VISA DENIAL FROM EMBASSY

⛔LOSS OF GOVERNMENT CONTRACTS AND BIG COMPANY'S CONTRACTS

⛔ ADDITIONAL 5K DEE WILL BE ADDED TO YOUR ANNUAL RETURN FEE

⛔ CAC CAN DELETE/DELIST YOUR BUSINESS etc

Don't wait until it is too late

It will break my heart if you loose that beautiful name you have been known with

Annual return deadline for business registered in 2025 is June 30.

Once you don't file annual return before June 30 it will attract penalties

See what will happen if your business annual return is not up to date 👇

⛔VISA DENIAL FROM EMBASSY

⛔LOSS OF GOVERNMENT CONTRACTS AND BIG COMPANY'S CONTRACTS

⛔ ADDITIONAL 5K DEE WILL BE ADDED TO YOUR ANNUAL RETURN FEE

⛔ CAC CAN DELETE/DELIST YOUR BUSINESS etc

Don't wait until it is too late

It will break my heart if you loose that beautiful name you have been known with

Some buyer will never pay huge amount into your personal account

That's the reason you need to register your business with CAC so you can get corporate/business account

Business name and account makes your business more serious and professional

You can't be praying to grow big when you are yet to do the little that will aid your business growth

Stitch in time saves nine

Some buyer will never pay huge amount into your personal account

That's the reason you need to register your business with CAC so you can get corporate/business account

Business name and account makes your business more serious and professional

You can't be praying to grow big when you are yet to do the little that will aid your business growth

Stitch in time saves nine

If you want to register a SECURITY COMPANY with CAC, the company share threshold is 10 million shares

This means your company share can't go below 10 million but can actually go beyond 10 million shares

And note that the higher the share the higher the fee

Even if you are just starting the company today that is the share threshold

Shares doesn't literally means money, so don't panic when you see 10 million shares

Many will see it and think they must have 10 million before they can register the company but far from that

To register security company budget around 290k to 400k

Price differ from agent to agent so take note of that

If you want to register a SECURITY COMPANY with CAC, the company share threshold is 10 million shares

This means your company share can't go below 10 million but can actually go beyond 10 million shares

And note that the higher the share the higher the fee

Even if you are just starting the company today that is the share threshold

Shares doesn't literally means money, so don't panic when you see 10 million shares

Many will see it and think they must have 10 million before they can register the company but far from that

To register security company budget around 290k to 400k

Price differ from agent to agent so take note of that

We are still in business

We are still in business