Company Formation in Ghana – SK Patodia

Advantages of Company Formation in Ghana

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

BASIC REQUIREMENTS

  • Minimum 2 Directors
  • A wholly owned foreign company should invest a share capital of USD 50,000
  • Company Secretary
  • A locally registered address
  • A detailed overview of the business plan

DOCUMENTS REQUIRED

  • Memorandum of Association
  • Articles of Association
  • Passport copies of the Directors

OUR SERVICES

  • Name Reservation
  • 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)

TIME PERIOD

Setting up a business in Ghana takes approximately 2-3 weeks.
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