Mmegi

CIPA generates P88m on company registrations, restorations

Profitable: CIPA has generated P88 million from company registrations and restorations,
Profitable: CIPA has generated P88 million from company registrations and restorations,

Companies and Intellectual Property Authority (CIPA) has generated P88 million from company registrations and restorations, Mmegi has learnt.

The revenue stems from the authority’s structures fees that businesses must pay to comply with regulatory requirements.

CIPA charges P150 (excluding P20 name reservation) for business name registrations while external companies registration is P4, 600. Company registrations is P360 (excluding P20 name reservation), and a P2, 000 company restoration fee with an additional P500 for annual returns.

Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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