Question 1

How long does it take to register a business with CAC in Nigeria ?

Accepted Answer

Successful registration typically takes between three to five days, though processing times may vary depending on document completeness and CAC workload.

Question 2

Can I register my business with CAC online without visiting their office ?

Accepted Answer

Yes, the entire registration process is now digital. You can complete everything through the CAC online portal at https://icrp.cac.gov.ng without visiting any physical office.

Question 3

What is the difference between business name registration and company registration ?

Accepted Answer

A business name differs from a company (limited liability company) because it is not a separate legal entity but an extension of the individual or group running the business, while a company is a distinct legal entity with limited liability protection.

Question 4

Do I need to file annual returns even if my business is not making profit ?

Accepted Answer

Foreign companies are not exempt from annual returns; if a foreign company is registered in Nigeria, it must comply with the requirement to file annual returns. Similarly, all registered businesses must file returns regardless of profitability.

Question 5

How much does it cost to register a business name in Nigeria ?

Accepted Answer

The business name registration fee increased from ₦10,000 to ₦20,000, reflecting the official CAC 2025 fee schedule, effective from October 1, 2025.

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