CAC reduce cost of business registration

 Corporate Affairs Commission  in Abuja have crashes the cost of business registration in Nigeria also simplified its process to enable small entrepreneurs to register their businesses.

With the CAC- Company Registration Portal (CRP), any member of the public could now register businesses on-line at the comfort of their homes and offices.This has drastically reduced the registration cost hitherto charged by professional middlemen (Lawyers, Accountants and Chartered Secretaries), in the registration process.

Entrepreneurs who had already registered their businesses have the obligation to file Annual Returns with the Commission as and when due.Failure to file Annual Returns will result to striking-off of such defaulting entities on ground of dormancy.

 The Corporate Affairs Commission is one of the critical government agencies that has been participating in the on-going nationwide MSME Clinic.