REDUCTION OF COST OF BUSINESS NAMES REGISTRATION BY 50%

REDUCTION OF COST OF BUSINESS NAMES REGISTRATION BY 50%

In an effort to deepen the benefits of its reform initiatives, the Corporate Affairs Commission has reduced the cost of Registration of Business Names from N10,000 to N5,000 after the Name Reservation of N500, with effect from the 1st October to 31st December, 2018.

The Business Incentive Strategy is aimed at creating a window for Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses, which will enable them own corporate account with Banks, have access to Loans, grants and other government interventions.

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.

Dated this 2nd Day of October 2018

Signed:

MANAGEMENT

PART B – Registration of Business Names


1. Registration of Business Names
Search for availability of name
Submit the duly completed statutory forms with two passport sized photographs of each applicant attached to the form
Pay filing fees at the Corporate Affairs Commission

2. Application form clearly stating:-
The name of the business

3. Note:Individual/Proprietors can register business names without the services of the legal practitioner,chartered Accountant or Chartered Secretary.