While CAC makes your business legal, there are other business compliance requirements in Nigeria that keep your business active, protected, and ready to grow.
Here’s what you actually need to know
1. CAC POST-REGISTRATION COMPLIANCE
After registering your business with the Corporate Affairs Commission (CAC), you are required to maintain your company records.
This includes:
- Filing Annual Returns every year
- Updating changes in directors or business address
- Updating share structure (for companies)
- Keeping proper statutory records
This ensures your business remains legally active and recognised by CAC in Nigeria.
2. TAX COMPLIANCE IN NIGERIA (VERY IMPORTANT)
Once your business starts operating, tax obligations automatically apply.
You may need to:
- Register for TIN (Tax Identification Number)
- Pay Company Income Tax
- Handle VAT (if applicable)
- File PAYE for employees
- Manage Withholding Tax where required
In Nigeria, if your business earns income, tax compliance is mandatory.
3. EMPLOYEE COMPLIANCE IN NIGERIA
Once you begin to employ staff (especially 3 or more employees), you are required to comply with employee-related regulations.
These include:
- PENCOM → Pension contributions for employee retirement savings
- NSITF → Employee protection for workplace injury or risk coverage
- ITF → Industrial training contributions for staff development
These are statutory requirements once you become an employer in Nigeria.
If you are unsure whether your business is fully compliant after CAC registration, it is better to get it right early.
Contact us: contact@brillprofessionals.com
