STEP 1: REGISTRATION WITH REGISTRAR GENERAL’S DEPARTMENT
Incorporate a company at the Registrar General’s Department and obtain the following:
a. Certificate of incorporation and TIN number
b. Company Regulation
c. Certificate to commence Business
STEP 2: MINIMUM EQUITY CONTRIBUTION
Under Act 865, foreign investors are required to comply with the minimum equity requirements. This can be either in cash or in capital goods relevant to the investment; or a combination of both.
The minimum foreign equity requirement is as follows:
-US$200,000 for Joint Venture with Ghanaian partner having not less than 10% equity participation
-US$500,000 for 100% foreign ownership
-US$1,000,000 for Trading Activity with a minimum of 20 skilled Ghanaians employed by such an enterprise.
There is no minimum equity requirement for foreigners interested in the following sectors: manufacturing, export trading and portfolio investment.
Exemptions are applicable to persons who have lost their Ghanaian citizenship by virtue of assumption of citizenship in another country. Foreign spouses of Ghanaian citizens who meet certain requirements are also exempt from the minimum equity requirement. Contact email@example.com for more information.
STEP 3: REGISTRATION WITH GIPC
The Investor then registers with the GIPC (after paying the relevant fees) for the process to be completed. This procedure takes five (5) statutory working days to complete, provided the registration forms and all supporting documents are in order.
Wholly Ghanaian-owned enterprises are also encouraged to register with GIPC to benefit from the incentives provided for in the GIPC Act, 2013 (Act 865)
STEP 4: REGISTRATION WITH GHANA REVENUE AUTHORITY (GRA)
All enterprises must register directly with the Ghana Revenue Authority for purposes of fulfilling statutory tax obligations.
STEP 5: ENVIRONMENTAL IMPACT ASSESSMENT CERTIFICATE
Applicable enterprises must register and obtain an environmental permit from the Environmental Protection Agency (EPA).
Registration with other relevant Agencies: companies are to comply with regulatory requirements within their various sectors of operation eg. mining, oil and gas and export.
NEW EXEMPTION PROCEDURES
The Exemptions Act 2022 (Act 1083) specifies new provisions and modalities for the application of tax exemptions and other waivers as well as the scope of exemptions.
NB: Relevant portions applicable to GIPC exemptions can be found in Sections 14-16.
Click here to read/download the Act
NOTE: ALL APPLICATIONS MUST BE SUBMITTED ONLINE VIA firstname.lastname@example.org