The Corporate Affairs Commission (CAC) has announced a comprehensive review of its service fees, which will take effect from August 1, 2025. This decision follows a thorough evaluation of current economic conditions, rising operational costs, and extensive consultations with key stakeholders across relevant sectors.
According to BenriNews, the fee adjustments will affect a wide range of services provided by the Commission, including those for companies, business names, limited partnerships, and incorporated trustees. The review also covers post-incorporation filings and other regulatory services offered by the CAC.
The Commission has made a comprehensive list of the new fees available on its official website for public access and reference. Businesses and organizations are encouraged to familiarize themselves with these changes before they take effect.
Improving Service Delivery
The primary aim of this adjustment, according to sources, is to improve service delivery through enhanced digital operations. This move aligns with the government's broader efforts to streamline business processes and improve the ease of doing business in Nigeria.
The CAC has been implementing various reforms in recent years, including the deregistration of approximately 300,000 dormant companies in a single year, as previously reported. The Commission has also been urging businesses to comply with registration requirements, recently giving a six-week ultimatum to unregistered businesses to formalize their operations or face prosecution.
This fee review comes at a time when the Presidential Enabling Business Environment Council (PEBEC) has announced a nationwide initiative to drive ease of doing business in Nigeria, suggesting a coordinated approach to improving the business environment across different government agencies.
Business owners and stakeholders are advised to monitor the CAC website for detailed information on the new fee structure to ensure compliance with the updated requirements.
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