Annual Returns are mandatory filings made by registered business names and companies with the Corporate Affairs Commission (CAC) in Nigeria. They serve as an official confirmation that a business is still operational and help maintain its active status on the CAC database.
Why File Your Annual Returns?
Filing annual returns is not just a legal requirement — it offers many benefits:
Avoid Penalties: Late filings attract daily fines, which can accumulate to substantial amounts.
Stay Compliant: Keeps your business in good standing with the CAC.
Maintain Active Status: Non-filing may lead to your company being struck off from the CAC register.
Build Credibility: Useful when applying for loans, grants, tenders, or dealing with corporate clients.
Who Should File?
• Business Names: Must file annual returns after the first 1.5 years of registration and then every year.
• Companies (Limited Liability): Must file every year, even if the company is not actively trading.
• Incorporated Trustees (NGOs, Churches, Associations): Must also file annual returns yearly.
When Are Annual Returns Due?
• Business Names: Before June 30th each year.
• Companies: Within 42 days after the Annual General Meeting (AGM).
• Incorporated Trustees: Within 30 days of their annual general meeting.
Consequences of Non-Compliance
Accumulated fines
Difficulty in processing future filings (e.g., changes to company details)
Risk of being delisted or marked “inactive” by CAC
Let Us Handle It for You
We help businesses and organizations stay compliant by filing their annual returns promptly and professionally.
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Send a message today to get started and avoid penalties.
