Regulatory Update: Corporate Affairs Commission Issues New Schedule of Fees

The Corporate Affairs Commission (the “CAC”) has issued a new schedule of fees (the “Revised Schedule”), superseding the previous regime that governed the cost of incorporation, registration, post-incorporation filings, and related services. This revision marks significant adjustments to statutory charges across all entity types regulated by the CAC.

The Revised Schedule are to take effect from 01 August 2025.

Key Highlights of the Revised Schedule

1. Incorporation of Entities

One notable reform under the Revised Schedule pertains to the statutory charges for incorporating entities in Nigeria. For private companies with a share capital of ₦1,000,000 (One Million Naira) or less, the statutory charge remains unchanged at ₦10,000 (Ten Thousand Naira). However, the Revised Schedule introduces a flat rate of ₦10,000 (Ten Thousand Naira) for every additional ₦1,000,000 (One Million Naira) share capital, regardless of the total share capital or the size of the company.

This represents a significant departure from the prior regime, where charges for private companies with a share capital exceeding ₦1,000,000 (One Million Naira) ranged between ₦5,000 (Five Thousand Naira) and ₦10,000 (Ten Thousand Naira) per additional ₦1,000,000 (One Million Naira), depending on the total share capital of the company.