The Corporate Affairs Commission (CAC) has officially announced that it will increase its service fees starting from August 1st, 2025. This adjustment will affect business name registration, company incorporation, and other statutory filings handled by the commission.
If you’ve been planning to register your business in Nigeria, now is the best time to act and save money before the new fee structure kicks in. Whether you’re an aspiring entrepreneur or a growing small business owner, delaying your registration could mean spending more come August.
If you’re yet to register your business, here’s a step-by-step guide on how to register your business name with CAC in Nigeria to help you get started quickly before the fee hike.
Why This Matters for Nigerian Entrepreneurs
Despite the importance of proper business registration, over 90% of small business owners in Nigeria are unaware of the tax and regulatory obligations tied to CAC registration. Many see the CAC certificate and registration number as mere formalities, without understanding their legal, financial, and economic value.
As one business analyst puts it:
“A lot of small business owners don’t even know they’re expected to file annual returns. And yet, the Federal Government regularly awards contracts to companies with complete regulatory documents.”
Indeed, up-to-date businesses with full compliance — including CAC registration, tax identification numbers, annual returns, and corporate accounts — enjoy more opportunities, from loans and grants to government contracts.
The Role of Legal and Compliance Guidance
Many experts recommend involving a lawyer or knowledgeable business consultant when registering a company. Not only do they help with proper documentation, but they also explain the long-term responsibilities and benefits of staying compliant.
Still, not only lawyers are in the know. Informed individuals who do their research properly can also guide business owners in the right direction. The key is accurate information and sensitization.
New Tax Policy on the Horizon
The increase in CAC fees comes as Nigeria prepares for broader tax reforms. A new tax bill is expected to take effect in 2026, which may impact MSMEs and even informal incomes, including sport betting winnings.
This reinforces the need for businesses to file annual returns regularly and stay updated with new policies. If the government begins to collect taxes at the source, as some have suggested, only compliant businesses will be in the clear.
Finally, act Now to Save Money and Stay Ahead. With CAC’s price increase taking effect on August 1st, 2025, July is your window of opportunity to register your business at a lower cost. Don’t wait until it becomes more expensive — secure your business identity, stay compliant, and position yourself for growth.
Smart entrepreneurs take action early.
Register your business now
File your annual returns.
Be eligible for contracts, funding, and more.
Ready to launch your own business? Read this comprehensive guide on how to start a business in Nigeria — including legal setup, funding, and marketing strategies.
Cheers to growth, success, and smart decisions this July!