Registering a business name with the Corporate Affairs Commission (CAC) in Nigeria is a crucial step for entrepreneurs looking to formalize their businesses. While cost is an essential factor, understanding the value of proper guidance, seamless registration, and long-term benefits is equally important. This article provides an in-depth guide on the cost of registering a business name in Nigeria, factors influencing the cost, and why choosing quality service over the cheapest price is crucial for your business success.
What Is a Business Name Registration?
Business name registration is the process of legally securing your business identity with the CAC. It ensures your business operates legally and protects your name from being used by others. This process is mandatory for small and medium-sized businesses that do not wish to incorporate as a limited liability company.
| For registration of business name, company and incorporated trustees, call us or send WhatsApp message to 08155554892. |
CAC Official Cost of Business Name Registration in Nigeria
As of now, the official CAC fee for registering a business name is ₦10,000. However, additional costs may arise depending on the following:
- Name Reservation Fee: ₦500
This is the fee charged to verify and reserve the availability of your preferred business name.
- Professional Service Fees:
If you hire an expert or agent to handle your registration, their service fees will be added.
Additional Costs to Consider
- Documentation Costs:
Printing, scanning, and other administrative expenses.
- Corrections and Amendments:
Errors in submission may lead to additional fees for corrections or resubmissions.
- Courier Fees:
If you opt for physical document delivery, courier charges may apply. But with the CAC online registration, physical document delivery may not be necessary.
Comparing Cheap Prices vs. Quality Services
While many agencies or individuals offer to register your business name at extremely low prices, it’s essential to evaluate the quality of service being provided. Below is a comparison:
| Aspect | Cheap Services | Quality Services |
| Errors in Filing | High risk of errors due to lack of expertise | Accurate filing by experienced professionals |
| Processing Speed | Delayed due to inexperience | Fast and efficient |
| Post-registration Support | Minimal or none | Comprehensive support |
| Compliance Assurance | Risk of non-compliance with CAC rules | Full compliance with CAC regulations |
Why You Should Choose Quality Service Over Cheap Service
- Experienced Professionals:
Engage an expert who understands CAC requirements inside out, ensuring a smooth registration process.
- Time-Saving Process:
Hire a person who can handle all the paperwork and follow up with CAC on your behalf, saving you valuable time.
- Post-Registration Support:
Good accredited agents don’t just stop at registration. They guide you on tax compliance, opening a business bank account, and other essentials.
- Affordable Rates with Value:
While good agents may not be the cheapest, their pricing reflects the value of stress-free and error-free registration.
- Transparency:
A good agent will maintain clear communication on costs, processes, and timelines.
How to Register a Business Name in Nigeria Through Us
- Step 1: Contact Us
Reach out via our website or call us for an initial consultation.
- Step 2: Name Availability Search
We help you reserve your preferred business name with CAC.
- Step 3: Document Submission
Provide us with the required details and documents, and we’ll handle the submission process.
- Step 4: Payment of Fees
We ensure all fees are paid, and receipts are obtained where possible.
- Step 5: Business Name Approval
Once approved, we send you the certificate and supporting documents.
What You Get When You Work With Us
Certificate of Registration issued by CAC.
Free Business Advisory Session to guide your next steps.
Conclusion
The cost to register a business name with the CAC is straightforward, but the value you get from the registration process depends on the quality of service provided. While it’s tempting to choose the cheapest option, remember that poor registration can lead to costly errors, delays, and even legal troubles.
By choosing our services, you’re not just paying for registration—you’re investing in peace of mind, compliance, and long-term business success. Contact us today to get started on registering your business name seamlessly!
Ready to Register Your Business Name?
Visit CACRegistration.com now or call us to secure your business name with expert assistance.
Adebayo Oluwole is a seasoned chartered accountant and a member of Chartered Institute of Taxation of Nigeria with over twenty years of experience. His expertise cuts across accounting, auditing and taxation. He has helped hundreds of individuals translate their dreams into reality by offering them pre and post registration services. His focus is to help SMEs grow in the marketplace.