A multinational state, Ghana is located in the sub-region of Western Africa and shares its borders with Burkina Faso, Ivory Coast and Togo. Being one of the largest economies in Western Africa; its democratic political system and a wealth of resources makes registering a company in Ghana a popular choice. The economic growth of the country has expedited over the years with the major contributors to its GDP being Agriculture, Industry and Tourism. Additionally, Ghana has signed Double Tax Avoidance Agreements with France, Italy, Germany,South Africa, Britainand Belgium. Following are a few reasons why starting a business in Ghana is an ideal option for entrepreneurs.
The economy of Ghana is developing and simultaneously attracting Foreign Investment in many sectors.
It has an abundance of mineral resources.
The Ghana Investment Program Center (GIPC) promotes national as well as International business.
The sectors such as Telecommunication, Financial Services and Innovation are also booming in Ghana.
REQUIREMENT TO OPEN A COMPANY
Minimum 2 Directors
A wholly owned foreign company should invest a share capital of USD 50,000
A locally registered address
A detailed overview of the business plan
Memorandum of Association
Articles of Association
Passport copies of the Directors
Drafting of documents required for company incorporation
Assistance in opening a Corporate Bank Account
Provision of a local partner (if required)
Provision for a local registered address
Company Secretarial Services
Registering the company with the Tax Authorities
Post Incorporation services (if required)
Setting up a business in Ghana takes approximately 2-3 weeks.