Form A comprises general information on the business you want to register. There are various forms of business entities that can be registered under the laws of Ghana and it is therefore imperative to choose the right legal structure that best serves your business intentions. Before taking this step, it is important to find out all the different types of registration available and also the documents needed for the registration process. Click one of our member below to chat on. The entertainment industry isn’t the only place Ghana excelled in 2017, they also recorded great achievements economically and business wise, Ghana ended 2017 with a great GDP and amazing per capita income. 5) Get Your Business License: Your business needs a license to operate in Ghana. 5) Get Your Business License: Your business needs a license to operate in Ghana. An external company is a company formed outside of Ghana and seeks to register a place of business in Ghana. Partnership 3. The business ground in Ghana has also been identified and described as very fertile, despite the low population and landmass, Ghana makes up for it with a high individual purchasing power and peaceful environment. For more details please click on the User Guide or Demonstration Video icons above. It is free to obtain. Then you should deposit a minimum amount into the account. It is a legal obligation of most jurisdictions and ensures that a business is operating under the lawful obligations of its control. How To Register & Start A Business In South Africa, Start a Travel Agency Business – Complete Guide, How to Register & Start a Business In Kenya. It takes 24hrs to confirm availability. Visit the metropolitan Authority to apply for your business license. Find out more here. 3) Get the commissioner for Oaths to authenticate your forms: After getting the forms from the registrar of companies, you should proceed to the office of the commissioner for oaths. All Rights Reserved. The steps are not just for foreign investors but local investors as well. It typically takes 1-3 days to complete. In recent years, the country’s government has also introduced a series of business-friendly reforms. PARTNERSHIP REGISTRATION. 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. TIP: We are helping business owners like you build websites for their businesses to attract more customers, manage inventory & sales, track revenue & expenditures. To successfully register your business, you will need have the following: Tax identification number (TIN) (You can get this at the Ghana Revenue Authority Offices) Consent letter from qualified Auditors (Any Chartered accounting firm) To register your business name, you need to The commissioner for oaths office located in the Registrar General’s Department is in charge of oaths which would be sworn within a day. Did you know you must register your business if you are trading under a business name Example Writing Service. To set up a corporate bank account successfully you would have to submit the required documents. Home; Invest In Ghana; Step 1: Business Registration at Registrar General's Department (RGD) All enterprises are expected to fill out the relevant Application Forms, which serve as the Company’s Regulations. Procedures for Registering NGO in Ghana Applicants may purchase a set of prescribed regulatory documents and a set of form 3s from the Registrar General’s Department at GH₵9.50 or download all business registration forms online, http://rgd.gov.gh/index.php/forms/. The courier or delivery business is fast rising in Ghana. It is a basic requirement to register your business in Ghana. List of Registered companies and services in Ghana. An important aspect of business registration in Ghana is obtaining the Taxpayer Identification Number (TIN) for the company’s directors, secretary and shareholders. He, therefore, urged the Management and Staff of the Department to adopt innovative approaches, in order to maximise revenue for the government and ensure customer satisfaction. This portal is provided by the Registrar-General's Department as a public service. The Ghanaian government encourages entrepreneurs through diverse incentives and business friendly policies, so if you are thinking of venturing into business in Ghana, then you are on the right track. © 2017 – 2021 - Mfidie.com. In Ghana, to register a business or company you have to apply to the office of the Registrar General Department. The costs and time duration stated below are subject to change as different circumstances affect the cost and duration of most business incorporation application. Ghana is one of the countries with the fastest growing economy in Africa. The Start up Process: Below, the startup process is explained. It is important to register your new business before commencing any transactional activities in Ghana. The following guide outlines the process of starting your business in Ghana. Contact Us. To apply, you would submit the company’s certificate of incorporation and a comprehensive document showing company’s employee names and salary along with their social security number. In 2017 Ghana was highlighted as one of the countries in Africa with top notch entertainment industry. This is more commonly known as an offshore company. Sole proprietorship 2. It is free to obtain. The GIPC is responsible for registering all Enterprises in Ghana. First, pick up a registration form (Form A) at the Registrar General Department at the cost of GHS3.50. It would take 48hrs to get a tax identification number approved for you. You can check for company name availability at the registrar of company’s office and if it is available you can begin the process of registration by submitting your company documents. The team typically replies in a few minutes. 6) Your Site is inspected: It is normal for a representative or an officer of the metropolitan authorities to visit your business office or site for thorough inspection After the inspection a report would be submitted to the Revenue accountant, a subcommittee would then be set up to look into the report and recommend adjustments where necessary before approval. Description. If you’d like to write for us, contact us for PR or to submit an article click here. There are a few steps you will need to take to set-up and successfully launch a business. Registering a business in Ghana can give you a lot of benefits, It is the requirement of the law that you should register your business if you want to do legitimate business in Ghana. Mfidie.com - Technology Blog in Africa - Tech in Ghana; News, Gadgets, Reviews, FinTech, Gaming. 10 Top Businesses You Can Start Anywhere Without Money. The first step is to decide which of them you want to establish: Company limited by shares A company is a legal entity separate from the directors who run its day to day affairs and owners of the company Find out more here . E) Names of company auditors and secretaries and their addresses. The type of business organisation used may depend on considerations such as limiting liability, tax, capital requirements, and control. Professional Risk Manager/Adviser | Content Writer | Entrepreneur and a contributor @ Smpreneurs.com Contact me for business! The cost of application isn’t fixed as different kinds of business attract different prices. This is the last steps but also not the least; it is a very necessary step that every company owner must take. However the basic price is 270GHC. Decide on the business to establish According to the Registrar General’s Department, there are five (5) groups of businesses you can register in Ghana. Shepherd Morttey is an SEO Expert in Accra and Abuja with over 7 years of experience working with businesses that want to see their Google search rankings surge. The above steps are the steps taken while setting up a legal business in Ghana. Thank you for making Mfidie.com Ghana's Biggest Tech Blog.You are the reason we produce quality digital content. Search for Registered with Addresses, Phone numbers, Reviews, Ratings and Photos on Ghana Business Directory Being a business model very easy to set up, it’s one of […] At the launch of the e-Registration System at the Banquet Hall, State House, in Accra, Vice President Bawumia described the system as the “starting point to make Ghana the most business-friendly nation in Africa.”. It is a contribution done monthly towards retirement. In this article, we would look at a step by step guide on how to start up your own business in Ghana, The Ghanaian government has made it easier for whosoever wishes to do honest business in Ghana to do so and the laws guiding business start-ups has been clarified. We can help you too. The first thing you need to do before registering your business is to search for your company name at Registrar General’s Department (RGD) to ensure it has not been taken already. 1) Get your T.I.N (tax Identification number): this is a very important step and the very first steps towards starting your business in Ghana. How to Register a Business in Ghana There are different types of vehicles available to an entrepreneur to launch the business venture. F) Nominal capital How to Register a Business in Ghana online [2020 Working Tutorial], Download Online Guides to help you in your Business Registration Online, Portal User Guide – Portal User Account Registration. Application takes 7 days or a week to complete. COMPANY REGISTRATION . Application Procedure: … B) Nature of business The Registrar General’s Department Portal offers all users the ability to submit online requests for Business / Company Registration. After the search, you can apply to have your name reserved for a period of 30 days. Smpreneurs.com short for Smart Entrepreneurs is a business web resource launched on the 3rd of April 2017 to help entrepreneurs with all the business ideas, information, kits, tools, guides, & services needed to successfully start and manage a business effectively in Nigeria, Africa & any where in the world. One of such ways is becoming their own employers by establishing sole proprietorship businesses. Register Business; Raise Capital; Get Insurance; Home » Africa » 60 Best Business ideas & Investment Opportunities in Ghana. In this article, i am going to show you how you can set up your own delivery business and start making some money in Ghana or anywhere you may be in the world by just following these 5 steps; Niche; A Scoo G) An affidavit showing the nominal capital is at least GHC500. Starting a Business in Ghana . “The Nana Addo Dankwa Akufo-Addo’s administration has embraced this digital transformation and will lend his support to ensure the smooth operation of this process for improved customer satisfaction. The RGD Portal offers all users the ability to perform an online Business / Company Name Searches. After the oath swearing, the registrar of companies would register your company with the Ghanaian internal revenue services. Each requirement should be duly fulfilled and all necessary documents provided. Before you register a company in Ghana, you must have a company name. Although the time frame and costs stated are on the average what is available now. How to register a limited liability company in Ghana. The Registrar General’s Department of Ghana (RGD), provides sundry services including business registration, marriage … Ghana’s Registrar General Department (RGD), the body responsible for registering businesses, has successfully implemented an online registration of businesses, issuance of certificates to commence business and the registration of marriages. If Yes, here are 50 best small business ideas & investment opportunities 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. Vice President Bawumia said information and communication technology (ICT) is critical in the 21st Century and gave the assurance that Ghana would leverage on technology to effect digital transformation. You’ll currently register your company in Ghana following the below-listed steps. The ease of doing business reported by the World Bank has rated Ghana at 108 out of 190 countries in 2017. Then sign up and log in on the RGD Portal and start filling the online form. After the form is completed, go to a nearby office and make a payment of GHS 60 to complete the process. This article will walk you through the necessary steps needed to complete this. The Registrar General’s Department Portal offers all users the ability to submit online requests for Business / Company Registration. Read Also: Doing business in Ghana: 3 tips to secure your online business and earnings. “The importance of ICT cannot be overemphasised in this 21st Century and Ghana will leapfrog other countries and catch up with the rest of the world,” he said. To legally register a business entity, you’ll need to apply to the Registrar General’s Department (RGD). 2) Register your company name with the registrar of company: After getting your tax identification number approved, you then need to get a company name. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Fill the form, including a valid National ID, a Tax Identification Number (TIN) and the details of the business (Nature and the … Then sign up and log in on the RGD Portal and start filling the online form. Scroll down to read more on Mfidie.com.Follow us on Twitter, FB, IG, Telegram & YouTubeWe accept Guest Posts. He said the e-Certificate and e-Payment system would facilitate the online registration of businesses and prevent the long delays associated with business registration. Previously, you needed approval from the Ghanaian Investment promotion Center (GIPC) before you could start a business but this has been changed as you can go ahead and set up your business without initial permission from the GIPC. This is done in order to avoid a run in with the authorities in future or a litigation resulting in shutting down your business. Ghana’s economic upswing is due in no small part to the oil deposits discovered off the coast. Do you meet all the requirements? Registration of Business Name. The form can be picked up from the in-house bank. How to register a company in Ghana Access the internet and download a sole proprietorship form from Ghana revenue authority official website. You will have your completed business registration in 14 to 28 working days. The required documents to be submitted are as follows the certificate of incorporation, the certificate to commence business along with company representatives’ signatures. Now you are ready to become a part of the business in Ghana. You would also be required to fill forms for tax purposes during this process and also submit an official letter from an auditing firm. Fill the form, including a valid National ID, a. How To Generate A Profitable Business Idea, Five Things Which Every Successful Entrepreneur Does Every day, Business ideas for Full-time worker? The first step in starting a business in Ghana is to legally register the business entity at the Registrar General’s Department (RGD). In order to do business in Ghana, you will need to apply for licenses and permits for the necessary businesses you are registered for and your location of operation. Do you want to start a business in Ghana as a foreigner but you lack ideas? Zenith Bank PLC, Ekizone Limited, D) Names of company directors Business registration is the first formal step in starting a business in Ghana. Business registration is just proof of ownership of a business. Companies Limited by share… Apart from being keen on Online Consumer Behaviours, he loves to discover how the online can influence offline sales and conversion. Visit the metropolitan Authority to apply for your business license. It typically takes 1-3 days to complete. Ghana is a developing country which focuses on agricultural and industrial growth, as such, business registration in Ghana plays a critical role. These are the various forms of business registration under the laws of Ghana; 1. The can be gotten at any Ghana Revenue Authority or the Registrar General’s Department (RGD) with a copy of your national identification card. There are five main options available to the entrepreneur in Ghana: 1. Business registration in Ghana is undertaken by the Companies Registry in the Registrar General’s Department (RGD). Top 5 Business Ideas Full-Time Workers Can Do During Weekends, How To Write A Business Plan & Why You Need One, 11 Top Reasons Why You Need a Business Website, Four Mistakes Beginners Make in Exportation Business and How You Can Avoid Such Mistakes, Start Toilet Paper Roll Production Business – Complete Guide, Automated Toilet Paper & Facial Tissue Production Machines – Complete Set, 15 Various Ways To Raise Capital For A New Business Startup, How to make Hand Sanitizer and Sell At The Comfort Of Your Home, Businesses you can do during a local or global pandemic, 4 Well Paying Side Businesses That You Don’t Know Existed. To register for a business online in Ghana: Using the online services provided by the Registrar General’s Department Online Portal, you can do the following services too: There are also a lot of “boring” but informative tutorials on the portal to aid individuals in the process. 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. STEP 1: Name search of the company at RGD. He is the founder of Mfidie.com, the biggest tech-focused blog in Ghana, a former EIT at MEST Africa and current CTO at ZuriHQ.com. 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). With songs like One corner and Michael Dapah’s Man’s not hot, Ghana definitely had a lovely 2017 in the entertainment industry. C) Names of shareholders and their addresses and shareholding percentage Merry Christmas and a Happy new year to you. Vice President Dr Mahamudu Bawumia, on Thursday, launched the automated and online portal of the Registrar General’s Department to enhance business registration processes. 4) Set up A Bank Account: The next thing you should do would be to set up a bank account for your company. Just like with registration, applying for your permits and licenses is much easier in Ghana compared to other countries. Nevertheless, each business sector has its own specific laws which must be adhered to, but for this article we would be looking at the general processes involved in starting up your own business In Ghana. The Registrar General’s Department Portal offers all users the ability to submit online requests for Business / Company Registration. 0 (0) The level of unemployment in Ghana is constantly growing at an alarming rate, and this has prompted young individuals to look for alternatives to make ends meet. How to register a business online in Ghana. However, make sure the … However the basic price is 270GHC. Fill your details in the form and submit it to either income tax and VAT office or the registrar general department offices. The registration laws of Ghana have made provision for 5 different classes of registration. In order to register your company, follow the steps listed below: 1. 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). 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. 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). All the resources, ideas and information you need to run a business. Follow the steps outlined here for a successful business registration in Ghana: On the first day, you need to obtain an incorporation certificate by checking the availability of the company and submitting company documents Also get a commissioner of oaths to authenticate the forms required to start business For more details please click on the User Guide or Demonstration Video icons above. Every potential business owner in Ghana should endeavor to get a business license, without it you might run into problem with the … Using the online services provided by the Registrar General’s Department Online Portal, you can do a: Name Search; Name Reservation; Name Reservation Extension Starting a business in Ghana would be not only an amazing business investment, but also a very profitable one. 7) Apply for social security for yourself and your employees: The social security and national investment trust (SSNIT) application is done so as to make provisions for retirement. Every potential business owner in Ghana should endeavor to get a business license, without it you might run into problem with the metropolitan authorities. The cost of application isn’t fixed as different kinds of business attract different prices. Business registration is the process of obtaining legal authorization to conduct business within your chosen jurisdiction. To get your Tax identification number, you need to first obtain a recognized Identity card, which is usually issued for free and proceed to the office of the registrar General or the Ghanaian revenue Authority to fill a form for your tax identification number. Obtain the Incorporation Certificate. You will be issued a form called the Form A and on which you would provide the following information, a) Company name The task of business registration in Ghana is carried about by the Registrar General’s Department of Ghana which has been […] The RGD Portal offers all users the ability to submit online requests for Business / Company Registration. Efforts by the government of Ghana and the Registrar Generals Department to digitize the process of Business Registration in Ghana is being implemented and as a basic requirement, registrants are required to provide their e-mail addresses to facilitate the flow of the information about the registration process. Shepherd is available for consultations on [email protected] or via LinkedIn. There are various forms of business entities that can be registered under the laws of Ghana and it is therefore imperative to choose the right legal structure that best serves the intended business intentions. 1016177173, Hi! They are stated below: