The next step is to apply to the department of Register General to obtain the incorporation certificate and the total time of completing the process could be 2 days. Due to the long queues at the Registrar Generals Department, many people get discouraged from registering their business. 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. The commissioner for oaths office located in the Registrar General’s Department is in charge of oaths which would be sworn within a day. The Department’s mission is to ensure efficient and effective administration of entities inter-alia the registration of Businesses, Industrial Property, Marriages, Administration of Estates and Public Trust, provide friendly services and accurate data for national and economic development. In addition, the company must present a proposed company name that complies with the jurisdiction’s legal requirements, which will be assessed by that jurisdiction’s registrar general. In Ghana, company registration is done by the Registration General’s Department. How much does it cost to register a business in Ghana and what other statutory charges are there in maintaining a company’s books? All the company directors, shareholders, and secretaries must register their TIN as The procedure for registration of a company limited by shares and an unlimited liability company in Ghana are the same. 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. In Ghana, all companies are required to have at least two (2) initial directors, an auditor and a secretary during the company registration process. Incorporate a private limited company - register it with Companies House and rules on directors, shares, articles of association and telling HMRC about the company The Registrar General’s Department Portal offers all users the ability to submit online requests for Business / Company Registration. Precisely the registration is done at the office of the Registrar of companies which is responsible for all the registration and regulation of all business companies. To register, first acquire the necessary forms and fill them. After getting your TIN number, then proceed to download and complete the following forms. The Social Security and National Insurance Trust (SSNIT) is a statutory public Trust charged under the National Pensions Act 2008 Act 766 with the administration of Ghana’s Basic National Social Security Pension Scheme and to cater for the first tier of the contributory three-tier scheme According to the Companies Act 179, all companies are required to have at least two initial directors and a secretary during the company registration process. It typically takes 1-3 days to complete. They need to complete a Ghanaian Revenue Authority Taxpayer Registration. One person cannot register a limited liability company) Applicant may purchase a set of prescribed regulations and a set of Form 3 from the in-house bank at GH 9.50 cedi. Incorporation and filing fees. For foreign-owned companies, the required capital varies. Search for Registered with Addresses, Phone numbers, Reviews, Ratings and Photos on Ghana Business Directory This portal is provided by the Registrar-General's Department as a public service. The investors should bear in mind that minimum nominal capital for company owned 100% by Ghanaian is C5 million. As of 2013, the applicant company must obtain a TIN before registering a company. The process of a limited liability company registration in Ghana is a fast process taking only 3 days to complete. Importance of a Domain Name and Domain Registration. Proceed with the Taxpayer Identification Number (TIN) registration for all your company directors, secretary, shareholders as well as a TIN number for your company. Save my name, email, and website in this browser for the next time I comment. Next, you have to deliver a declaration form and a letter of consent to the Registry. Incorporation and filing fees are also required to be paid upon submission of business registration forms. All business registration forms are downloadable at http://rgd.gov.gh/index.php/forms/  or on-sale at GHS 10.00 at the RGD. Below are the various forms of business registration under the laws of Ghana. Establishing a company in Ghana Any business that intends to establish in Ghana must first register at the Registrar General’s Department (RGD) to obtain the certificate of incorporation, certificate to commence business and company’s code or regulation. Below is a step by step guide to registering a company limited by shares in Ghana. Start by conducting your company name search to ascertain the availability of the proposed business name for the company. Before you register a company in Ghana, you must have a company name. The following information is required to complete the incorporation forms. All directors, secretary, and shareholders are to append their signatures on relevant pages of duly completed forms before submission. With regards to TIN numbers for corporate organizations, the situation becomes necessary when the shares of the company being registered are held by a corporate entity. At least one of the company directors or secretary must be resident in Ghana. Ghana is increasingly becoming a hub for many investors and entrepreneurs. How to register a company in Ghana Access the internet and download a sole proprietorship form from Ghana revenue authority official website. As such, many people want to start and operate their businesses in the country. How to register a business online in Ghana The Registrar General’s Department Portal offers all users the ability to submit online requests for Business / Company Registration. Once the TIN has obtained, the authority will send a text message for the applicant to collect the TIN. Domain registration in Ghana, just like other countries takes less than 5 minutes to complete. The documents indicate clearly the business name, activities, business address, directors’ details, company TIN as well as shareholders information among others. The business certificates can be used for any business transaction or open a corporate bank account with any of the commercial banks in Ghana. The stated capital requirement for companies in this categories are; Once every form has been submitted, you are expected to have the process completed in 10 working days after which the following documents will be issued; These are the legal documents of proof of company’s existence in Ghana. The in-house bank sells them at GH 10 cedis. After the name search, you can apply to have your business name reserved for a period of 30 days. Employers must register their employees with the SSNIT and pay their contributions. There are two main statutory fees to be paid at the Registrar General’s Department during company registration; these are Stamp duty, Incorporation and filing fees. The next step to registering a company in Ghana is to register with the Social Security and National Insurance Trust (SSNIT). Register a Firm in Ghana: The get a business up and running with a license in Ghana, you would first have to fully register the business entity at the Registrar General’s Department (RGD). (How to apply for TIN Number in Ghana). EXTERNAL COMPANY. Business Registration Step 1: Business Registration at Registrar General's Department (RGD). Initially, you will have to buy the limited liability forms. Thereafter proceed to legalize the business entity at the Registrar General’s Department (RGD). Opposite, Novotel, Accra (Now Assembly Press) Submit duly completed forms at the RGD together with the following: Either. Ghana is the second coca producer in the world and also has various natural resources like gold and oil. Don't Copy. A certified true copy of the Memorandum and the Articles of the Association of the Company registered outside Ghana in English For example a stated capital of 100,000 Cedis is equivalent to a stamp duty of 0.5% x 100,000 Cedis = 500 Ghana Cedis. No, not at all. Submit filled forms at the Company Registration Counter for Verification and Capturing or via Online Pay two hundred and thirty Ghanaian Cedi (GHS 230) for Incorporation or via Online Also Filing fee of Fifty Ghanaian Cedi (GHS 50) and 0.5% stamp duty on stated capital at the in-house bank or via Online Cost of business registration in Ghana. Here is the step by step guide on how to fully register a company in Ghana with ease this year 2019. Don't be caught. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! According to the Companies Act 179, all companies are required to have at least two initial directors and a secretary during the company registration process. At least one (1) of the company directors or secretary must be resident in Ghana. After the oath swearing, the registrar of companies would register your company with the Ghanaian internal revenue services. And the process of company registration in Ghana is not so complicated. Content is protected by the Digital Millennium Copyright Act (DMCA). The required details include their dates of birth, nationalities, residential and contact addresses, and occupations. Fill your details in the form and submit it to either income tax and VAT office or the registrar general department offices. If you want to start a company/business in Ghana, the first steps include conducting market research, writing a business plan, sourcing for business finances, picking a business location, choosing a business structure, and choosing a business name. It has a low start up capital and is a good way to earn some money on the side or can become a full time business if you work at it. Completed forms should be submitted at the Registry with a payable fee of GH 270.00 cedi. The total cost is 330 Ghana Cedis, which is payable directly at the RGD by cash. However, companies with joint foreign ownership, 100% foreign ownership have different stated capital requirements. The courier or delivery business is fast rising in Ghana. These are the simple steps to follow to register the different types of businesses in Ghana. 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.1 Every person who is liable to pay tax or is required to withhold tax at source must have a tax identification number (TIN)2. According to the law, you are required to pay 0.5% of the capital stated in the submitted forms. The guide below will show you how to register your business online […] So it is the most dynamic place to start a business or invest for foreign investors. Subsequently, a TIN number will be created for the corporate shareholders. Notify me of follow-up comments by email. They are stated below: Jointly owned foreign and Ghanaian business – $200,000, A trading enterprise (whether locally or foreign-owned) – $1,000,000. The required fees for incorporation and filing is GHC 330. List of Registered companies and services in Ghana. To register for a business online in Ghana: First, search on the Name Search platform to check if the business name you want to use is available. Download TIN forms @ http://rgd.gov.gh/wp-content/uploads/2015/12/Taxpayer-registration-form-individual.pdf. We are going to give you all you need to know about registering a company with the Government in Ghana with ease. For all locally owned businesses, the required amount of startup capital is GHC 500. Limited Company registration process Full details of the directors, secretaries, and shareholders. Business registration in Ghana has been made quite easy following the automation at the Registrar General’s Department (RGD). Stamp Duty: This is 0.5% of the stated capital. Start by conducting your company name search to ascertain the availability of the proposed business name for the company.After the name search, you can apply to have your business name reserved for a period of 30 days. Stamp duty. For more details please click on the User Guide or Demonstration Video icons above. Using the online services provided by the Registrar General’s Department Online Portal, you can do a: How to Register a Firm in Ghana Successfully 2020 Ultimate Guide. Business registration is the first formal step in starting a business in Ghana. At least one of the company directors or secretary must be resident in Ghana. A joint venture between foreigner and Ghanaian – US $ 200,000, Trading enterprise (whether jointly owned or 100% foreign owned) – US $ 1,000,000. The RGD Portal offers all users the ability to perform an online Business / Company Name Searches. All enterprises are expected to fill out the relevant Application Forms, which serve as the Company’s Regulations. Most people think it is difficult to register domain names. All company directors, secretary and shareholders are required to register and obtain a TIN for the purposes of business registration. Purchase and complete Forms 20 and 21 from the Ghana Publishing Company Limited. This article will walk you through the necessary steps needed to complete this. How to Register your Business in Ghana. This fee is payable to the office of the Registrar General in cash. Next, submit the forms. In Ghana, all participants (Member(s)/Shareholder(s), Company Secretary, Director, Auditor, Council Members, Process Agents, Local Managers, Partners, Sole Proprietors) of any business entity are first required to obtain a Tax Identification Number (TIN) by registering with the Ghana Revenue Authority (GRA). The minimum amount of stated capital for all 100% Ghanaian owned limited liability companies is 500 Cedis. You can get your website running within the shortest possible time. How to Register a Business in Ghana [Step By Step Guide], Registering a Company Limited by shares in Ghana, NABCO: Steps to Register and Get your TIN Number, How to Open An Account With Zenith Bank Ghana, 33 Lucrative Business Ideas You Can Start in Ghana (2021), Top 15 Vocational Skills & Training to Acquire in Ghana (2021), 11 Ways to Make Money Online in Ghana As a Student 2021, 50+ USA Scholarships for Ghanaian Students 2021/2022, GNPC Scholarships Application Form 2020/2021 [UPDATED], Free SHS Tertiary Scholarship Application Form 2020/2021, 20+ Undergraduate Scholarships for Ghanaian Students 2021/2022, Colleges of Education Admission Lists 2020/2021 – Daily Updates, (NEW) WAEC Timetable 2020 for (Nov/Dec) Private Candidates, (NEW) WAEC BECE Timetable For September 2020, 100+ UK Scholarships for Ghanaian Students 2020/2021, Ghana Universities 2020/2021 Admission List – Daily Update, Ghanaian University Ranking 2020 – Top Universities in Ghana, 20+ Canada Scholarships for Ghanaian Students 2021/2022, 50+ Foreign Government Scholarships 2021/2022 for Ghanaians, Returns of Particulars of the company limited by shares registration form – Form, Regulations of a Private company limited by shares, Personal details of directors, secretary and shareholders (nationality, date of birth, occupation, residential address). Get a Tax Identification Number (TIN) –. Log in, List of Government Agencies in Ghana (2020), Ghana President’s Salary: Full Details (2020), DCE Salary in Ghana: See What They Earn (2020), How To Renew Your Passport In Ghana (2020), Current Ministers in Ghana, their Portfolio and Profiles (2020), Ghana Independence History: How It All Happened, How to Get An International Passport in Ghana (2020), Ghana Coat of Arms: Meaning, History, & Other details, Teachers Salary in Ghana: Annual and Monthly Breakdown (2020), Photo ID (driver’s license, the information page of your passport, voter’s card), The prescribed shareholding structure of the company. Certificate of commencement `               `. After this process, a Ghanaian company is free to start a business, however, companies that are partly or In such cases, the corporate organization will need to obtain a TIN form for organizations and duly complete same and attach a letter of introduction. There are different types of company registration in Ghana, and this post is going to cover the following. Complete TIN forms and attach a copy of photo ID (Drivers, p… TIN numbers are created within 24 to 48 hours at no charge at any Ghana Revenue Authority office. Before you register a company in Ghana, you must have a company name. READ ALSO: Electromart Ghana: Products, Branches, Jobs And Contact Details. (adsbygoogle = window.adsbygoogle || []).push({}); –> This is a company formed outside of Ghana and seeks to register a place of business in Ghana (Offshore Company). You can now register your company in Ghana, simply by following the steps outlined below. Under the laws of Ghana, there are various forms of business entities that can be registered and it is therefore imperative to choose the right legal structure that is best for your business. Before starting a business in Ghana, you must have a business entity. 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