FAQs
Frequently asked questions
You can learn more from our FAQ
In this context, our approach was to build trusted and strategic relationships within key sectors, with the goal of advancing health, trade and business outcomes.
How do I register my business in Ghana?
- Conduct a Company Name search at RGD
- Apply for Taxpayer Identification Numbers (TIN) for all company directors, secretary and shareholders (if they do not have)
- Complete form 3 & 4, and company regulations.
- Pay stamp duty, business incorporation and filing fees before process of the registration.
- Collect Business registration certificates and regulations and/or profiles
Does Ghana allow 100% foreign ownership of businesses?
- Yes, the GIPC Act 865, allows 100% foreign ownership of businesses in Ghana.
How much minimum capital do I need in order to register my business (Private Company Limited by Shares)?
- Trading enterprise (whether jointly owned or 100% foreign owned) – US $ 1,000,000
- 100% foreign ownership (non-trading activities) – US $ 500,000
- Joint Venture (foreigner and Ghanaian) – US $ 200,000 (from the foreigner) + Ghanaian partner’s contribution
- Manufacturing company – No minimum requirement
What is the total cost for incorporating a company limited by shares in Ghana?
- This is dependent on the nature of business of the company and also the nationality of the shareholders.
- The cost is made up of Stamp duty (which is 0.5% of the Stated Capital) and Incorporation and filing fees GH¢330.
How long does it take to register your company in Ghana?
- It takes a month to complete the process
How do I open a company Bank account?
- Application letter for account opening with any Bank of your choice
- Complete account opening forms for all directors, secretaries and shareholders to sign.
- Get auditors’ introductory letter
- For an individual (Foreigner), add a copy of work and residence permit
What are the requirements for obtaining a work and residence permit in Ghana?
The requirements are;
- Application letter on company’s letterhead
- Business registration documents
- Tax clearance certificate (for existing companies),
- GIPC Certificate
- Bio data page of the applicant’s passport
- Curriculum vitae / resume, Educational and professional Certificates
- Appointment letter
- Medical report – To be done at the Ghana Immigration Service
- police/Criminal report
- 2 passport pictures
Are all foreigners required to have an entry visa?
- Not all foreigners are required to have an entry visa.
Which countries are exempted from applying for VISA?
- Ecowas counties
- Some Non-ECOWAS countries (Rwanda, Kenya, Lesotho, Namibia, Singapore, Tanzania, Trinidad and Tobago, Uganda, Zimbabwe, Seychelles, Malawi, Egypt)
- Holders of German, Iranian and Cuban Diplomatic / service passport (for a period not exceeding three (3) months)
- Persons in direct Airside transit
- Holders of passport of Regional Economic Communities in Africa and the African Economic Community as well as United Nations and its specialized agencies.
- The World Bank
- African Development Bank
How long does it take to obtain a visa on arrival?
- It takes about 7 working days to obtain a visa on arrival
What is the cost of visa on arrival?
- The cost of a visa on arrival is $150
