Business registration in ghana pdf

We are happy to share with you a list of key services and the applicable charges updated 2017. Performance audit report of the auditorgeneral on business registration in ghana 8 2. Business registration in ghana is simple and does not involve complicated procedures which could also be a reason for rapid business. Beneficial ownership forms available more key changes improvements in the new companies act, 2019 more new ecertificate goes live more eregistrar marriage and estates. The task of business registration in ghana is carried about by the registrar generals department of ghana which has been empowered by the ministry of justice and attorney general since 1961. Form 3 company limited by shares registration form page 5 of 17. With a strong mineral resources sector, cocoa industry, consistent government policy, recent oil discoveries, steady power supply, friendly business. How and where you need to register depends on your business structure and business location. Our application and registration forms are available for download in pdf format. With songs like one corner and michael dapahs mans not hot, ghana definitely had a lovely 2017 in the entertainment industry. The registrar generals department of ghana rgd, provides sundry services including business registration, marriage certification, trademarks, patents and administration of wills among others. The partnership, which is part of young africa works in ghana. The total statutory cost for registering an external company in ghana is 270 cedis. Nov 27, 2018 posted by admin november 27, 2018 september 28, 2019 posted in biz news, company setup tags.

Registering a company in ghana is not a complex task especially if you adhere to all the registration requirements. In order for a business venture to be carried on in ghana, the business must be registered with the ghana revenue authority gra for the purposes of the payment of tax. Process of registering business name or sole proprietorship online. Performance audit report of the auditorgeneral on business registration in ghana 2 3. The mastercard foundation and national board for small scale industries partner to create dignified and fulfilling work opportunities the partnership, which is part of young africa works in ghana commences january 2020 and will create access to dignified work for 39,000 youth. There are several ways of doing business in this country, the most common being through the registration. How to register and start an ngo in ghana step by step guide. Registration of business entities and companies is the first step to doing business in ghana. A business registration form is used by a government office, union, or other agency looking to gather information to register new businesses. The business registration certificate must be renewed annually. How to register a sole proprietorship business in ghana in. To make this form, the documentpreparer of the organization must first create a business registration form in. Ghana s registrar general department rgd, the body responsible for registering businesses, has successfully implemented an online registration of businesses, issuance of certificates to commence business and the registration.

Registration of business names and ghanas corporate laws. Despite these efforts, a report by the world bank titled doing business in 2006 indicated that it takes approximately 64 days to start a business in ghana. There are 6 types of companiesbusiness entities that can be registered in ghana. Economy profile of ghana doing business 2020 indicators in order of appearance in the document starting a business procedures, time, cost and paid in minimum capital to start a limited liability company dealing with construction permits procedures, time and cost to complete all formalities to build a warehouse and the quality control and safety. Ghana is a developing country which focuses on agricultural and industrial growth, as such, business registration in ghana plays a critical role. Form a registration of business name sole proprietorship page 1 of 8 form a registration of business names act, 1962 act 151 registration of business name sole proprietorship sections 2 instructions. Business registration in ghana made easy with ecertificate. Wholly ghanaianowned enterprises do not need to register with gipc since the minimum foreign capital requirement does not apply to such enterprises. Company limited by shares registration form 3 registrar.

Ghana investment promotion centre office of the president public services commission building. The rgd portal offers all users the ability to submit online requests for business company registration. The business plan in ghana is the most important document for any business and even more specifically it is more important than the capital need to invest in business. Every person who is liable to pay tax or is required to withhold tax at source must have a tax identification number tin2. Use your choice of free business registration form to collect contact details of business owners, learn more about their businesses, and streamline your workflow by reducing needless paperwork. For foreignpracticing pharmacists who wish to work as pharmacists in ghana. Contents1 business registration in ghana2 how to register a business in ghana step by step guide3 registering a company limited by shares in. The first step in starting a business in ghana is to legally register the business entity at the registrar generals department rgd. Use your choice of free business registration form to collect contact details of business.

How to start a business in ghana in 2018 the initial step when registering a sole proprietorship business is the registration of a business name. There are various forms of business entities that can be registered under the laws of ghana and it is therefore imperative to choose the right legal structure that best serves. The national democratic congress ndc has dragged the electoral commission ec to the supreme court over the compilation of a new voters register. All companies must have an auditor, who must be a member of the institute of chartered. Address of registered office, principal place of business. Types of companies in ghana depending on your business needs there are 6 main types of legal entities you may form in ghana. Register your business the companies code 1963 act 179 is the law that regulates the formation of companies in ghana. Before taking this step, it is important to find out all the different types of registration available and also the documents needed for the registration process. It connects companies across sectors in ghana with the local business partners they need to get the job done. This is highly attributed to the heavy company growth in ghana. This article seeks to enlighten you on how to register a company in ghana.

Those who start a business in ghana, must follow the laws and regulation according to companies code 1963 act 179 and under the code, investors regardless foreign or local can establish and register a place of business in ghana. Starting a business in ghana would be not only an amazing business. The national democratic congress ndc has dragged the electoral commission ec to the supreme court over the compilation of a new. The registrar general department came up with an online platform which individuals can use to register their startups. Ghana is among the most rapid developing countries in west africa. Form a registration of business name sole proprietorship page 7 of 8 section b. Company registration fees in ghanafee, cost, charge. Lets help you with business registration and licensing. The registration laws of ghana have made provision for 5 different. The list of the key players and their activities is attached as appendix 4. Pdf format or in an automated portable document file format.

The african partner pool brings businesses together. The businesss name is very important, and its even more important that a businesss name is fully registered, otherwise another business might come in and take that name for itself. Business registration ghana investment promotion centre. Healy consultants will assist our clients with incorporating the optimal corporate structure in ghana. Ghana is one of the countries with the fastest growing economy in africa. Click on any tab to display forms related to the title, and click any of the buttons to opendownload that form. Landmark of building lmb in which the business is situated. In ghana, to register a business or company you have to apply to the office of the registrar general department. Guide to company registration in ghana denmark in ghana.

Collect your business registration certificate and a certified true copy of the submitted form once the registration is complete. Oct 23, 2015 if you missed the first article in this series please read how to start a business in ghana pt 1 to get a full grip of the process to start a business in ghana. The departments mission is to ensure efficient and effective administration of entities interalia the registration of businesses, industrial property, marriages, administration of estates and public trust, provide friendly services and accurate data for national and economic development. Register your business to make it a distinct legal entity. This certificate can be obtained from the registrar general department after completing the business registration. As a going concern, every business has to file its annual returns and may also file other statutory forms and resolutions from time to time as the business grows and changes occur. This is the most critical step that must be done after wide consultation with other business experts. Oct 25, 2017 business registration in ghana made easy with ecertificate. Business registration renewal forms are for those business owners who wish to renew their business registration.

Starting a sole proprietorship business in ghana depends on the type of business you intend to start as well as the availability of resources to run it. The departments mission is to ensure efficient and effective administration of entities interalia the registration of businesses, industrial property, marriages, administration of estates and public trust. Pdf automated business name reservation and registration. Of the 501 fbos in the survey, 123 are located in northern ghana and 378 are in southern ghana.

Incorporation and the registration of companies in ghana by. Company limited by shares this is a business entity registered at the. For more details please click on the user guide or demonstration video icons above. Run your business with your eyes on details that matter. Helpful for a startup or large multinationals alike to chose the entity that suits. The international tribunal for the law of the sea itlos win 9 the economy of ghana 11 investing in ghana 15 setting up a business in ghana 15 tax identification number tin 15 types of companies 15 statutoryregulatory registration. Youll currently register your company in ghana following the belowlisted steps.

The business ground in ghana has also been identified and described as very fertile, despite the low population and landmass, ghana makes up for it with a high individual purchasing power and peaceful environment. We have endeavoured to take reasonable care in compiling this publication, which presents the position of ghana in respect of the geographic facts. Jeffrey asiedu 0 comments governments quest to improve the ease of doing business in ghana and make it a destination of choice on the continent has received a major boost with the deployment of a digital system that allows for the registration of. Company limited by shares this is a business entity registered at the registrar generals department comprising at least two individuals acting as directors of the company and at least one person company or individual acting as a shareholder in the entity with. Most foreign investors will be required to incorporate their company. Principal place of business i state the housebuildingflat name or house no. How to start a business in ghana as foreign investors. Pdf registering a business in ghana has over the years been the greatest challenge of most entrepreneurs and investors, both local and.

There are various forms of business entities that can be registered under the laws of ghana. The business s name is very important, and its even more important that a business s name is fully registered, otherwise another business might come in and take that name for itself. Sole proprietorship is basically business owned by one person. Ghanas registrar general department rgd, the body responsible for registering businesses, has successfully implemented an online registration of businesses, issuance of certificates to commence business and the registration of marriages. Do you like to know how to start a business in ghana as foreigner foreign investor. Business registration is the first formal step in starting a business in ghana. Do you want to start a business in ghana as a foreigner but you lack ideas.

Doc format, then convert the form into a fillable and automated. In 2017 ghana was highlighted as one of the countries in africa with top notch entertainment industry. Doing business and investing in ghana 2018 is published by pricewaterhousecoopers pwc ghana. Business plan in ghana for local and foreign investor s. How to register a business in ghana step by step guide this is a complete guide on how to register a company or business in ghana requirements, guidelines, fees and general procedures. Nowadays, people do not have to move from one office to another seeking business registration. Conduct your company name search at the rgd in ghana to ensure the availability of the proposed business name for the company. Starting a business ghana figure starting a business in ghana score procedures 58. What is the cost of registering a business in ghana.

Of the parliament of the republic of ghana entitled registration of business names act, 1962 an act to consolidate with amendments the law relating to the registration of business names. In order for a business venture to be carried on in ghana, the business must be registered with the ghana revenue authority gra for the purposes of the. Form a registration of business name sole proprietorship page 1 of 8. All enterprises are expected to fill out the relevant application forms. Whether a business will be successful or not, is totally depends on the blue print or road map of the business. Pdf format using an online converter or software application program. Step by step guide business registration in ghana has been created quite simple following the automation at the registrar generals department rgd. Individual tin form requirement information includes. Businesses registered at the registrar generals department include the following. Business registration at registrar generals department rgd. This publication is intended to provide a quick overview of the business environment in ghana.