Free CAC registration for 250,000 businesses sounds good on paper, but does anyone else think this is just a way to get more small businesses into the tax net later? Today it's "register for free," tomorrow it's new levies, more compliance costs and more agencies knocking on your door. If the goal is to help entrepreneurs, shouldn't the focus be on making it cheaper to actually run a business instead?
ifiokambrose
1 Comments
Registration itself isn't the problem. Every serious economy has registered businesses. The real issue is what happens after. If they can guarantee fewer taxes and less bureaucracy for micro businesses, more people would sign up willingly.
Free registration is nice, but electricity, fuel prices and multiple levies are what make it hard to stay in business. Fix those first.
Formal registration does have benefits like access to loans, grants and bigger contracts, but many small businesses say they rarely see those opportunities.