Business

Register Your Entertainment Business: Nigeria Slashes Business Registration Fees by 50 Percent

If you are thinking of establishing your new music or film business in Nigeria, this might just be a good time to do so, so you can take advantage of the ongoing savings associated with registration. Also, be sure to read my article on how to register your business in Nigeria.

Cheers,
Uduak

“Nigeria’s Minister of Trade and Investment, Olusegun Aganga has said the cost of business registration in the country has been slashed by 50 percent to encourage investment in the country.

Speaking at the signing of a Memorandum of Understanding (MoU) with a 19-man Brazilian delegation led by Brazil’s Deputy Minister of development, Industry and Foreign Trade, Richardo Schaefer on the promotion of trade and investment between Nigeria and the Southern American country; Aganga said the Corporate Affairs Commission had since October 1, 2013 slashed the capital registration cost by 50 percent for equity registrations of N500 million or lower, and by 25 percent for equity registrations above N500m.

“Following the directive from the president …capital registration fees for companies (Under Part A) have been reduced across board. While capital registration below N1m ($6,260) will retain a flat fee of N10,000 ($63); all registrations between N1m(S6,260) and N500,000 ($3,130) are reduced by 25 percent,” Aganga said.

Nigeria’s Trade Minister said the initiative was in line with the ministry’s investment climate reform programme, which was aimed at strategically repositioning Nigeria as the preferred destination for both local and foreign investment. . .”

Ventures Africa has the full story.”

Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law website, livestream and podcast show empowering the African artist and Africa's rapidly evolving entertainment industry through its brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

For general inquiries, advertising, licensing, or to appear on the show as a guest, please email ([email protected]). Thank you for visiting.

ABOUT THE FOUNDER

Credited for several firsts in the fashion and entertainment industry, Uduak Oduok (Ms. Uduak) is a fashion and entertainment lawyer, speaker, visionary, gamechanger, trailblazer, and recognized thought leader, for her work on Africa’s emerging global fashion and entertainment markets, and the niche practice of fashion law in the United States. She is also the founder of ‘Africa Music Law,’ an industry go-to music business and law blog and podcast show empowering African artists. Her work in the creative and legal industries has earned her numerous awards and recognitions, including an award from the American University Washington College of Law for her “legal impact in the field of intellectual property in Africa." She has also taught as an Adjunct Professor at several institutions in the United States. For more information, visit her at https://msuduak.com.

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4 Comments

  1. DANCEinME NIGERIA says:

    Hello dear.. We have a dance body name DANCEinME NIGERIA and we would love to register this as a dance company how do we go about this.

    1. Get an entertainment attorney to help you. You can easily find one by searching Facebook for the Nigerian Entertainment Lawyers Group. Look at the roster of attorneys and find one.

  2. Solomon u Christopher says:

    i want to register a entertainment company here in Nigeria How do i go about it how much will it cost me to upload this and what is the name of the company i will register with . please get back to me via email or my cell phone number 08038843300 thanks

  3. I loved music and i want music to help me by promoting me to music industry.

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