Are you thinking about starting a business and looking for the best way to structure it? Setting up an LLC (limited liability corporation) may be your best option. An LLC is relatively easy to set up, provides tax advantages, offers protection from personal liability, and helps your firm gain recognition in the marketplace. For small …
6 Reasons Why an LLC is the Right Choice for Your Startup Firm Read More »
Business formalisation Support of the MSME Survival Fund As part of Federal Government’s post Covid-19 Pandemic survival intervention to support micro and small businesses to formalise their businesses, the Federal Government has approved the free registration of 6,606 Business Names in each of the 34 states while Abia, Lagos and Kano will have 7,906, 9,084 and …
Free 250,000 FG/CAC Business Names Registration for MSMEs Read More »
The Corporate Affairs Commission (CAC) has announced the extension of the 50% reduction in the registration fee for Business Names for 3 more days with effect from 13th August, 2019. The new date will now end on Friday, 16th August, 2019. The decision to extend the deadline is because of the Sallah public holidays. The …
The Corporate Affairs Commission(CAC) recently extended the deadline for the 50% reduction for business names registration. The new deadline is August 13. This is to enable more micro, small, and medium enterprises to register their business names for ₦5000 instead of ₦10,000. It would be recalled that the reduced fee was first introduced in October 2018 under …
On the 2nd of October 2018, the Corporate Affairs Commission of Nigeria announced on their website a 50% per cent reduction in business name registration and the reduction is for a limited time only. This reduction is to help Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses and the reduction is only valid from 1st October …
CAC Reduces the Cost of Business Name Registration by 50% Read More »
The Corporate Affairs Commission of Nigeria has removed the requirement for Proficiency Certificate. This review was made by the management of CAC on the 19th of April 2018 in furtherance to its reform initiatives. Under this new arrangement, members of the public are not required to submit Proficiency Certificate to the Commission for registration of …
Corporate Affairs Commission (CAC) Removes the Requirement for Proficiency Certificate Read More »
These are the prices here: * DRUGS:=N= 70,000 (seventy thousand naira) Breakdown =N= 50,000 processing fees =N= 20,000 registration certificate Renewal is 50% of total cost of registration * ORPHAN DRUG : =N= 25,000 (Twenty five thousand naira) Breakdown =N= 10,000 processing fees =N= 15000 registration certificate * FOOD: =N= 50,000 (fifty thousand naira) Breakdown …
National Agency for Food and Drug Administration and Control (NAFDAC) Registration Fee Read More »
Obtaining a Tax Identification Number (T.I.N.) is a mandatory requirement from all eligible tax payers in Nigeria, it is a unique number issued by the tax authorities to individuals and organizations in order to be identified as registered taxpayer. It is a 14 digit sequential number generated electronically as part of the tax registration process …
How to Get a Tax Identification Number TIN in Nigeria Online/Offline Read More »
Getting on Record One great advantage of having your company registered with the local, state or federal government is to ensure your company name is not registered by someone else. You should always have it in mind that if your company name is “Utibe Etim Ltd” and someone else has already registered “Etibe Etim”, you …
In November when the Minister of Trade and Investment, Mr. Olusegun Aganga, said he will make deliberate attempt at lowering the cost of doing business in Nigeria through policies formation and review, I doubted him and I was wondering how he was going to achieve that. I was surprised when Federal Government approved a downward …