Becoming an entrepreneur in Ghana is a sure way to start your business and kickstart your dream of being your own boss.
In this guide, we bring you the process you can follow to register your legitimate business in Ghana and begin your journey into making some money.
1. Choose A Suitable Name To Give The Company
The first step is to go to the Registrar General’s Department and conduct a name availability search and reservation. This can take anything from 1 to 5 days. The reserved name is only available for 30 days. A business limited by shares must have a name that finishes with either “Limited” or “Ltd.” except special permission has been requested.
Search For Legal Names may be rejected by the Registrar General’s Department if the name is too similar to current names, misleading, unpleasant, unattractive, or infringe on existing trademarks or business marks, according to the company. It is suggested.
2. Submit Your Tax Identification Number
At this stage, you go ahead to submit your Tax Identification Number (TIN). The people involved in establishing the company including the (Member(s)/Shareholder(s), Company Secretary, Director, Auditor, Council Members, Process Agents, Local Managers, Partners, Sole Proprietors) are all to submit theri TIN number.
It is needed to submit at least one of the following documents to the application.
- Bio-data page of passport
- Voters Identification Card
- National Identity card
- Drivers Licence
3. Complete your RGD documents
After receiving the TIN number, the next step is to download and complete the following forms.
- Returns of Particulars of the company limited by shares registration form
- Form 4 for company registration
- Regulations of a Private company limited by shares
The registration process would need you to provide the following details.
- Company name
- Registered address
- Postal address
- Place of business
- Business objects or activities
- Auditors details
- Authorised and issued shares
- Stated capital
- Shareholding structure
- Personal details of directors, secretary and shareholders (nationality, date of birth, occupation, residential address)
4. Pay your filing fees and capital duty
After all of the following forms have been finished and signed, they are submitted to the RGD for filing fees and capital duty payment. In Ghana, capital duty is calculated as 0.5 percent of a company’s reported capital.
5. Collect Business Registration Certificates
The documents are checked and lodged with the RGD when the filing fees and capital duty have been paid. Anticipate to get your original certificate of incorporation, as well as a certificate to begin business, in a few weeks if there are no issues.
Thank You for reading this post from Latest Ghana as online entertainment and news portal from Ghana. Don’t forget to recommend our site, Latest Ghana to your friends and family who might also profit from the information on our website and check out our other articles because we have more information to bring to you via your devices.
I believe you have any comments or suggestions to drop about this article, kindly make use of the comment box below and reach us for more discussion.
Latest Ghana is on the mission to promote anything latest from Ghana; Latest Entertainment News, General News, Sports, Insurance, Banks, Mortgage, Farming, Scholarship, Education and Schools Admission, Product pricing, Food, Fashion, Health, Business and more.