CAC extends registration window for small businesses by 90 days

The Corporate Affairs Commission (CAC) has given micro, small and medium-scale enterprises (MSMEs), 90 extra days to register their business names at the reduced cost of N5,000.

The CAC said the federal government has directed that the cost of registration for the categories of businesses be reduced by 50 per cent for the next three months.

The agency said this is to give those who could not register in the first and second phases of the Business Incentive Strategy (BIS) the opportunity to do so.

The Acting Registrar General of CAC, Azuka Azinge, said Vice President Yemi Osinbajo gave the directive to encourage ownership of MSMEs for the economic growth and development of the country…….read more

Source: Premium Times