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.

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