No More Inflated Lawyer Fees! Company Registration Goes Live on New CAC Online Portal

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ENTERPRISE54 – No more endless thronging of the Yaba premises or payment of inflated lawyer fees for Nigerians that wish to register their businesses and companies. The Corporate Affairs Commission (CAC) in partnership with the Federal Ministry of Communications Technology on Monday 2nd February 2015 launched a 24-hour online registration platform, referred to as Company Registration Portal (CRP) to fast track its services to its customers.

The Minister of Industry, Trade and Investment, Dr Olusegun Aganga, at the Abuja launch stated, “Nigerians will no longer have to incur extra costs and will not travel to the CAC’s office to register their businesses.’’

He further announced that the portal was robust enough to accommodate all payment gateways such as inter-switch, e- transaction and Visa card, Verve card, American express and other forms of electronic payments.

A demonstration of the use of the portal showed that it took him only 15 minutes to register his business name. This development and its subsequent implementation eases the headache of many a Nigerian business owner as it has always been a lengthy affair.

Aganga listed the advantages to be accrued from the new online portal as easy access to payment of the commission’s services, reduction in cost for the accredited agents and ordinary persons, and an outright reduction in the cost of doing business in Nigeria.

Mr Bello Mahmud, the Registrar General and Chief Executive of CAC,  also added that the public could now carry out transactions directly with CAC. He noted that the Federal Government recently approved the reduction of 50 per cent in the filing fees for new business registration in the country.
A successful implementation of the CRP/GSP will definitely change the face of business incorporation in Africa’s leading economy.
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