SlideShare a Scribd company logo
FACT SHEET
Ghana
Ghana officially called the Republic of Ghana; it is a multinational state and unitary presidential
constitutional republic, located in the sub region of West Africa. Ghana's wealth of resources, democratic
political system and vibrant economy, makes it undoubtedly one of Africa's leading lights. Gaining the
world's confidence with a clam political transition and a grounded and firm commitment to democracy has
helped in expediting Ghana's growth in foreign direct investment (FDI) in the latest years. Ghana has
attracted the interest of well-known international businesses, investing in all sectors of economy. All
these investors have come to Ghana because they know that Ghana have a wonderful favorable social,
political and economic environment in which they can invest, develop and be successful.
Company Incorporation in Ghana:
1. An LLC can be wholly owned and not less than two directors, at least one director must be resident
in Ghana.
2. In the case of joint ventures with Ghanaian shareholders, each non-Ghanaian must invest a
minimum of US$10,000
3. All firms must require an auditor, who should be a member of the Institute of Chartered Accountants,
but should not be an officer or servant of the firm or be an employee or partner of such persons.
4. The Ghana Investment Promotion Center (GIPC) is responsible for registering all Enterprises in
Ghana.
Licensing in Ghana:
1. Incorporation of the Company is done at the Registrar General’s Department. License to operate
business is to be applied for from the Accra Metropolitan Assembly [AMA] after incorporation.
Accounting and Tax:
1. The income tax rate applicable to non-resident individuals is 20% and the corporate tax rate is 25% -
30%
2. The tax paid on the capital gains is calculated after the company has sold its asset and VAT is 15%
3. Dividend tax rate is 8% of dividend to be paid to shareholders
FACT SHEET
Ghana
Type: Private Limited Liability Company
Under Ghana law, foreigners can own 100%
Share Capital
Services the stated capital is $500,000 and for
Trading the stated capital is $1bn.
Directors Minimum Two
Shareholders Minimum One
Memorandum and Articles of Association Yes
Can the entity hire expatriate staff in Ghana Yes
Secretary Minimum One
How long to open Corporate Bank Account One Week
Timeframe for Incorporation One month
Tax Registration Certificate Required Yes
Statutory audit required Yes
Annual Return Must be filed
Annual Tax Must be filed
Access to Ghana double tax treaties Yes
For more details, please contact bc@intuitconsultancy.com
You can also visit www.intuitconsultancy.com

More Related Content

Similar to Doing Business in Ghana

Doing Business in Kenya
Doing Business in KenyaDoing Business in Kenya
Doing Business in Kenya
Intuit Consultancy
 
SAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESS
SAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESSSAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESS
SAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESS
Logical Maritime Services Limited
 
Primer on Doing Bussiness in the Philippines
Primer on Doing Bussiness in the PhilippinesPrimer on Doing Bussiness in the Philippines
Primer on Doing Bussiness in the Philippines
Dir. Mary Rose Magsaysay MPA
 
Doing Business in Nigeria
Doing Business in NigeriaDoing Business in Nigeria
Doing Business in Nigeria
Intuit Consultancy
 
Offshore 101
Offshore 101Offshore 101
Offshore 101
r_castellanos
 
Holding Company Structures - Africa via South Africa
Holding Company Structures - Africa via South AfricaHolding Company Structures - Africa via South Africa
Holding Company Structures - Africa via South Africa
TAXPERT PROFESSIONALS
 
Doing Business in Mauritius
Doing Business in MauritiusDoing Business in Mauritius
Doing Business in Mauritius
Intuit Consultancy
 
Ar transfer pricing oct2018 grant algeria
Ar transfer pricing oct2018 grant algeriaAr transfer pricing oct2018 grant algeria
Ar transfer pricing oct2018 grant algeria
Services
 
Planning and registering your business in png keynote address at australia pn...
Planning and registering your business in png keynote address at australia pn...Planning and registering your business in png keynote address at australia pn...
Planning and registering your business in png keynote address at australia pn...
Mazars Qld (Formerly Hanrick Curran)
 
Doing Business in Egypt
Doing Business in EgyptDoing Business in Egypt
Doing Business in Egypt
Intuit Consultancy
 
The OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDEThe OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDE
Jude Ocampo
 
Corporate digest-november 2017
Corporate digest-november 2017Corporate digest-november 2017
Corporate digest-november 2017
Abhishek Kanaujia
 
2013 Grow Africa - Annual Report 2012-13
2013 Grow Africa - Annual Report 2012-132013 Grow Africa - Annual Report 2012-13
2013 Grow Africa - Annual Report 2012-13
Marco Prehn
 
Doing Business in Nigeria
Doing Business in NigeriaDoing Business in Nigeria
Doing Business in Nigeria
DVSResearchFoundatio
 
Global Business Mauritius Presentation Draft
Global Business Mauritius Presentation  DraftGlobal Business Mauritius Presentation  Draft
Global Business Mauritius Presentation Draft
ramesh77uom
 
GOI - Guyana Investment Guide 2007
GOI - Guyana Investment Guide 2007GOI - Guyana Investment Guide 2007
Doing Business in Algeria
Doing Business in AlgeriaDoing Business in Algeria
Doing Business in Algeria
Intuit Consultancy
 
Doing Business in India
Doing Business in IndiaDoing Business in India
Doing Business in India
Corporate Professionals
 
Executive Summary Powerpoint Presentation
Executive Summary Powerpoint PresentationExecutive Summary Powerpoint Presentation
Executive Summary Powerpoint Presentation
Sagren Pillay
 
Singapore Global Investor Programme
Singapore Global Investor ProgrammeSingapore Global Investor Programme
Singapore Global Investor Programme
Maverick Tan
 

Similar to Doing Business in Ghana (20)

Doing Business in Kenya
Doing Business in KenyaDoing Business in Kenya
Doing Business in Kenya
 
SAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESS
SAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESSSAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESS
SAVE MORE ON YOUR FREIGHT WHILE DOING BUSINESS
 
Primer on Doing Bussiness in the Philippines
Primer on Doing Bussiness in the PhilippinesPrimer on Doing Bussiness in the Philippines
Primer on Doing Bussiness in the Philippines
 
Doing Business in Nigeria
Doing Business in NigeriaDoing Business in Nigeria
Doing Business in Nigeria
 
Offshore 101
Offshore 101Offshore 101
Offshore 101
 
Holding Company Structures - Africa via South Africa
Holding Company Structures - Africa via South AfricaHolding Company Structures - Africa via South Africa
Holding Company Structures - Africa via South Africa
 
Doing Business in Mauritius
Doing Business in MauritiusDoing Business in Mauritius
Doing Business in Mauritius
 
Ar transfer pricing oct2018 grant algeria
Ar transfer pricing oct2018 grant algeriaAr transfer pricing oct2018 grant algeria
Ar transfer pricing oct2018 grant algeria
 
Planning and registering your business in png keynote address at australia pn...
Planning and registering your business in png keynote address at australia pn...Planning and registering your business in png keynote address at australia pn...
Planning and registering your business in png keynote address at australia pn...
 
Doing Business in Egypt
Doing Business in EgyptDoing Business in Egypt
Doing Business in Egypt
 
The OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDEThe OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDE
 
Corporate digest-november 2017
Corporate digest-november 2017Corporate digest-november 2017
Corporate digest-november 2017
 
2013 Grow Africa - Annual Report 2012-13
2013 Grow Africa - Annual Report 2012-132013 Grow Africa - Annual Report 2012-13
2013 Grow Africa - Annual Report 2012-13
 
Doing Business in Nigeria
Doing Business in NigeriaDoing Business in Nigeria
Doing Business in Nigeria
 
Global Business Mauritius Presentation Draft
Global Business Mauritius Presentation  DraftGlobal Business Mauritius Presentation  Draft
Global Business Mauritius Presentation Draft
 
GOI - Guyana Investment Guide 2007
GOI - Guyana Investment Guide 2007GOI - Guyana Investment Guide 2007
GOI - Guyana Investment Guide 2007
 
Doing Business in Algeria
Doing Business in AlgeriaDoing Business in Algeria
Doing Business in Algeria
 
Doing Business in India
Doing Business in IndiaDoing Business in India
Doing Business in India
 
Executive Summary Powerpoint Presentation
Executive Summary Powerpoint PresentationExecutive Summary Powerpoint Presentation
Executive Summary Powerpoint Presentation
 
Singapore Global Investor Programme
Singapore Global Investor ProgrammeSingapore Global Investor Programme
Singapore Global Investor Programme
 

More from Intuit Consultancy

Introduction to VAT in GCC
Introduction to VAT in GCCIntroduction to VAT in GCC
Introduction to VAT in GCC
Intuit Consultancy
 
Government notifies India-Fiji DTAA
Government notifies India-Fiji DTAAGovernment notifies India-Fiji DTAA
Government notifies India-Fiji DTAA
Intuit Consultancy
 
Intuit News Letter - July 2014
Intuit News Letter -  July 2014 Intuit News Letter -  July 2014
Intuit News Letter - July 2014
Intuit Consultancy
 
Doing Business in Ethiopia
Doing Business in EthiopiaDoing Business in Ethiopia
Doing Business in Ethiopia
Intuit Consultancy
 
Doing Business in Burundi
Doing Business in BurundiDoing Business in Burundi
Doing Business in Burundi
Intuit Consultancy
 
Doing Business in Botswana
Doing Business in BotswanaDoing Business in Botswana
Doing Business in Botswana
Intuit Consultancy
 
Doing Business in Benin
Doing Business in BeninDoing Business in Benin
Doing Business in Benin
Intuit Consultancy
 
Doing Business in Angola
Doing Business in AngolaDoing Business in Angola
Doing Business in Angola
Intuit Consultancy
 
Doing Business in Oman
Doing Business in OmanDoing Business in Oman
Doing Business in Oman
Intuit Consultancy
 
Doing Business in Saudi Arabia
Doing Business in Saudi ArabiaDoing Business in Saudi Arabia
Doing Business in Saudi Arabia
Intuit Consultancy
 
Doing Business In Bahrain
Doing Business In BahrainDoing Business In Bahrain
Doing Business In Bahrain
Intuit Consultancy
 
Doing Business in Kuwait
Doing Business in KuwaitDoing Business in Kuwait
Doing Business in Kuwait
Intuit Consultancy
 
Intuit News Alert
Intuit News AlertIntuit News Alert
Intuit News Alert
Intuit Consultancy
 
Intuit Newsletter - June 2014
Intuit Newsletter - June 2014Intuit Newsletter - June 2014
Intuit Newsletter - June 2014
Intuit Consultancy
 
Intuit News Alert- DTAA and IPPA between Mauritius and Kenya
Intuit News Alert- DTAA and IPPA between Mauritius and KenyaIntuit News Alert- DTAA and IPPA between Mauritius and Kenya
Intuit News Alert- DTAA and IPPA between Mauritius and Kenya
Intuit Consultancy
 
Intuit News Alert- Automatic Exchange of Information in Tax matters
Intuit News Alert- Automatic Exchange of Information in Tax mattersIntuit News Alert- Automatic Exchange of Information in Tax matters
Intuit News Alert- Automatic Exchange of Information in Tax matters
Intuit Consultancy
 
Intuit News letter - May 2014
Intuit News letter - May 2014Intuit News letter - May 2014
Intuit News letter - May 2014
Intuit Consultancy
 
Intuit Newsletter - April 2014
Intuit Newsletter - April 2014Intuit Newsletter - April 2014
Intuit Newsletter - April 2014
Intuit Consultancy
 
Intuit News Letter - March 2014
Intuit News Letter - March 2014Intuit News Letter - March 2014
Intuit News Letter - March 2014
Intuit Consultancy
 
Doing Business in U.A.E 2014
Doing Business in U.A.E 2014Doing Business in U.A.E 2014
Doing Business in U.A.E 2014
Intuit Consultancy
 

More from Intuit Consultancy (20)

Introduction to VAT in GCC
Introduction to VAT in GCCIntroduction to VAT in GCC
Introduction to VAT in GCC
 
Government notifies India-Fiji DTAA
Government notifies India-Fiji DTAAGovernment notifies India-Fiji DTAA
Government notifies India-Fiji DTAA
 
Intuit News Letter - July 2014
Intuit News Letter -  July 2014 Intuit News Letter -  July 2014
Intuit News Letter - July 2014
 
Doing Business in Ethiopia
Doing Business in EthiopiaDoing Business in Ethiopia
Doing Business in Ethiopia
 
Doing Business in Burundi
Doing Business in BurundiDoing Business in Burundi
Doing Business in Burundi
 
Doing Business in Botswana
Doing Business in BotswanaDoing Business in Botswana
Doing Business in Botswana
 
Doing Business in Benin
Doing Business in BeninDoing Business in Benin
Doing Business in Benin
 
Doing Business in Angola
Doing Business in AngolaDoing Business in Angola
Doing Business in Angola
 
Doing Business in Oman
Doing Business in OmanDoing Business in Oman
Doing Business in Oman
 
Doing Business in Saudi Arabia
Doing Business in Saudi ArabiaDoing Business in Saudi Arabia
Doing Business in Saudi Arabia
 
Doing Business In Bahrain
Doing Business In BahrainDoing Business In Bahrain
Doing Business In Bahrain
 
Doing Business in Kuwait
Doing Business in KuwaitDoing Business in Kuwait
Doing Business in Kuwait
 
Intuit News Alert
Intuit News AlertIntuit News Alert
Intuit News Alert
 
Intuit Newsletter - June 2014
Intuit Newsletter - June 2014Intuit Newsletter - June 2014
Intuit Newsletter - June 2014
 
Intuit News Alert- DTAA and IPPA between Mauritius and Kenya
Intuit News Alert- DTAA and IPPA between Mauritius and KenyaIntuit News Alert- DTAA and IPPA between Mauritius and Kenya
Intuit News Alert- DTAA and IPPA between Mauritius and Kenya
 
Intuit News Alert- Automatic Exchange of Information in Tax matters
Intuit News Alert- Automatic Exchange of Information in Tax mattersIntuit News Alert- Automatic Exchange of Information in Tax matters
Intuit News Alert- Automatic Exchange of Information in Tax matters
 
Intuit News letter - May 2014
Intuit News letter - May 2014Intuit News letter - May 2014
Intuit News letter - May 2014
 
Intuit Newsletter - April 2014
Intuit Newsletter - April 2014Intuit Newsletter - April 2014
Intuit Newsletter - April 2014
 
Intuit News Letter - March 2014
Intuit News Letter - March 2014Intuit News Letter - March 2014
Intuit News Letter - March 2014
 
Doing Business in U.A.E 2014
Doing Business in U.A.E 2014Doing Business in U.A.E 2014
Doing Business in U.A.E 2014
 

Recently uploaded

Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
Christian Dahlen
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
jeffkluth1
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
Aggregage
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
my Pandit
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
LuanWise
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
SEOSMMEARTH
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
CA Dr. Prithvi Ranjan Parhi
 
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
APCO
 
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
Aleksey Savkin
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
Lacey Max
 
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdfHOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
46adnanshahzad
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
bosssp10
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & InnovationInnovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Operational Excellence Consulting
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
Top Forex Brokers Review
 

Recently uploaded (20)

Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
 
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
 
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
 
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdfHOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & InnovationInnovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & Innovation
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
 

Doing Business in Ghana

  • 1. FACT SHEET Ghana Ghana officially called the Republic of Ghana; it is a multinational state and unitary presidential constitutional republic, located in the sub region of West Africa. Ghana's wealth of resources, democratic political system and vibrant economy, makes it undoubtedly one of Africa's leading lights. Gaining the world's confidence with a clam political transition and a grounded and firm commitment to democracy has helped in expediting Ghana's growth in foreign direct investment (FDI) in the latest years. Ghana has attracted the interest of well-known international businesses, investing in all sectors of economy. All these investors have come to Ghana because they know that Ghana have a wonderful favorable social, political and economic environment in which they can invest, develop and be successful. Company Incorporation in Ghana: 1. An LLC can be wholly owned and not less than two directors, at least one director must be resident in Ghana. 2. In the case of joint ventures with Ghanaian shareholders, each non-Ghanaian must invest a minimum of US$10,000 3. All firms must require an auditor, who should be a member of the Institute of Chartered Accountants, but should not be an officer or servant of the firm or be an employee or partner of such persons. 4. The Ghana Investment Promotion Center (GIPC) is responsible for registering all Enterprises in Ghana. Licensing in Ghana: 1. Incorporation of the Company is done at the Registrar General’s Department. License to operate business is to be applied for from the Accra Metropolitan Assembly [AMA] after incorporation. Accounting and Tax: 1. The income tax rate applicable to non-resident individuals is 20% and the corporate tax rate is 25% - 30% 2. The tax paid on the capital gains is calculated after the company has sold its asset and VAT is 15% 3. Dividend tax rate is 8% of dividend to be paid to shareholders
  • 2. FACT SHEET Ghana Type: Private Limited Liability Company Under Ghana law, foreigners can own 100% Share Capital Services the stated capital is $500,000 and for Trading the stated capital is $1bn. Directors Minimum Two Shareholders Minimum One Memorandum and Articles of Association Yes Can the entity hire expatriate staff in Ghana Yes Secretary Minimum One How long to open Corporate Bank Account One Week Timeframe for Incorporation One month Tax Registration Certificate Required Yes Statutory audit required Yes Annual Return Must be filed Annual Tax Must be filed Access to Ghana double tax treaties Yes For more details, please contact bc@intuitconsultancy.com You can also visit www.intuitconsultancy.com