Filing Annual Returns Business Name
File Annual Returns for Business Names in Nigeria

Filing Annual Returns (Business Name)

₦15,000.00

File Annual Returns for Your Business Name with SplashDict

Ensure compliance and avoid penalties with our efficient annual returns filing service. Whether your business is active or dormant, SplashDict guarantees a hassle-free process, accurate filing, and timely completion.

  • Filing of Business Name Annual Returns with the Corporate Affairs Commission (CAC).
  • All CAC Fees Covered.
  • Receive a Copy of the Annual Returns Acknowledgment.
  • Processing Time: 2 to 7 business days turnaround.

 

  • *Filing Year

    Annual returns must be filed for every default year.

    *Late Filing Fee

    Filing annual returns after June 30th of the following year attracts penalties. For example, the annual returns for the year ending 2023 must be filed by June 30, 2024, to avoid a late filing fee.

Key Features of Filing Annual Returns for Business Name

  • Legal Compliance: Filing annual returns is a statutory obligation under the Companies and Allied Matters Act (CAMA), ensuring business names remain compliant and recognized by the CAC.

  • Access to Post-Incorporation Services: Filing annual returns is necessary to access vital CAC post-registration services.

  • Filing Timeline: Business Names, whether active or dormant, must file annual returns by June 30th each year (excluding the year of registration) to avoid penalties and maintain legal recognition.

  • Updates Public Records: Filing ensures that the business name's details, such as the registered address and proprietor information, are accurate and up-to-date in the CAC public registry.

  • Penalties for Non-Compliance: Failure to file on time may result in fines or legal restrictions, including being marked as inactive on the CAC register.

  • Acknowledgment of Filing: Upon successful filing of annual returns, you will receive an official acknowledgment letter from the CAC. This letter confirms that the return has been accepted and serves as proof of compliance.

  • Separate from Taxes: Annual returns are distinct from tax filings handled by the Federal or State Inland Revenue Services. They focus solely on corporate compliance, not taxation.

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Requirements for Filing Annual Returns of Business Names

  • Business Name Details: This includes the full Business Name and Registration Number.

  • General Nature of Business: This includes the Principal Business Activity—Classifications 1 and 2—and the Principal Activity Description.

  • Principal Place Of Business: This includes the House/Building Number, Street Name, City/Town/Village, LGA, State, and Postcode.

  • Branch Address (if any): This includes the House/Building Number, Street Name, City/Town/Village, LGA, State, and Postcode.

  • Particulars of Proprietor/Partners: This includes Full names (Surname, First Name, Other Names), Nationality, Date of birth, Gender, Telephone number, identity number and type, email address, occupation, residential address (full details), service address (full details), as well as the proprietor/partner's signature and the date of signing.

  • Particulars of Corporate Partner (if applicable): This includes the name of the corporate body, its registration number, and the corporate partner's full address.

  • Annual Return Details: This includes Financial Year Start and End (e.g., January 1, 2024 - December 31, 2024), Turnover in Naira (₦), and Total Net Assets in Naira (₦).

  • Certification: The filing must be authenticated by the proprietor, partner, or an authorized representative, confirming that all provided information is accurate and complete.

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Benefits of Business Name Annual Returns Filing

  • Stay Legally Compliant: Filing annual returns ensures your business name remains compliant with Nigerian law, avoiding fines, penalties, or deregistration.

  • Avoid Being Marked 'Inactive': Filing annual returns prevents the business from being marked as inactive by the CAC, which could limit operations and legal recognition.

  • Avoids Penalties for Late Filing: The Commission imposes penalties on companies for late filing, which must be paid when rectifying the filing situation.

  • Avoids Striking Off from the Register: A Business Name may be struck off the register if the business is in default of filing returns for 10 consecutive years.

  • Ease of Future Regulatory Processes: Regular compliance can simplify the process of obtaining other regulatory approvals, renewing licenses, or making changes to the Business' structure or operations.

  • Enhances Credibility: Demonstrates accountability and professionalism, increasing trust with clients, investors, and partners.

Discover CAC Post-Registration Service

File Annual Returns for Business Names in Nigeria

Here's how SplashDict's CAC-accredited Chartered Secretaries can assist you:

  • Filing of Annual Returns of Business Name: We file your Annual returns with the CAC on your behalf.

  • Documentation: We handle all Filing documents. 

  • Transparent Pricing: CAC and our Filing fees are included with no hidden charges.

  • Quick Turnaround: Receive official annual returns acknowledgment within 2 to 7 business days.

  • Continuous Support: We assist with future compliance and statutory needs.

File Your Returns Today and Stay Compliant!

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