- 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
- Yes, the GIPC Act 865, allows 100% foreign ownership of businesses in Ghana.
- You need at least two directors to register your business.
- 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
- 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.
- It takes a month to complete the process
- 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
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
- Not all foreigners are required to have an entry 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
- It takes about 7 working days to obtain a visa on arrival
- The cost of a visa on arrival is $150
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Firmus Advisory is a boutique consulting firm specialised in business regulatory compliance, social and market research and trade development assisting all types of businesses manage their challenges in these fields.
- Firmus Advisory, 17 Swaniker St, Accra
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