How companies are formed in Ghana?
Establishment of Enterprises. Application for registration of a company in Ghana made directly, or through agents or solicitors, to the Registrar-General. A company is duly registered after the company’s regulations have been submitted to the registrar of companies and a certificate of incorporation issued.
What is needed to register a company in Ghana?
The process for all the other types of business entities in Ghana only vary slightly from the processes outlined below.
- Decide on a name.
- Obtain Tax Identification Number for all participants.
- Complete your RGD documents.
- Pay your filing fees and capital duty.
- File at the RGD.
How much does it cost to start a company in Ghana?
Fees and timelines in 2021 Ghana company incorporation costs in Year 1 amount to US$6,950 and annual company costs in Year 2 and thereafter amount to US$0. The average total fees per Ghana engagement amounts to US$18,650, including company formation, company secretary and corporate bank account.
What are the types of companies in Ghana?
Although there are seven general types of businesses, in Ghana, only six of them are well recognised by the Registrar General’s department.
- Company Limited Shares.
- Company Limited by Guarantee.
- Company Unlimited by Shares.
- Sole Proprietorship.
- Incorporated Partnership.
- External Company.
- Corporation.
How do I start a company limited by shares?
There are several things you need to set up a private limited company:
- The name and address of your business.
- The names of at least one director and shareholder.
- The articles of association, which is the agreement to create the business and the rules pertaining to it.
How do I register a company in company law?
To register and incorporate a company, an application needs to be filed with the Registrar of Companies. The application is to be accompanied by the names of the members, memorandum of association and articles of association and other important documents.
Why will a registrar refuse to register a company?
The Registrar may refuse to register a company where: the Regulations are not in order (e.g. where there are breaches of the Companies Code); the objects are unlawful; the subscriber(s) is/are incompetent (on grounds of infancy or unsound mind);
How long does it take to register a company in Ghana?
about 7 to 21 days
5. Receive Certificate of Incorporation, Certificate to Commence Business and certified copies of Form 3, Form 4, and the Regulations when the registration is complete. A TIN will also be generated for the company. It takes about 7 to 21 days to register a company.
What is the biggest company in Ghana?
Top 10 Companies
| Rank | Company | Country |
|---|---|---|
| 1 | Scancom Ghana Limited (MTN) | Ghana |
| 2 | Olam Ghana Limited | Ghana |
| 3 | Total Petroleum Ghana Limited (TPGL) | Ghana |
| 4 | Ecobank Ghana Limited | Ghana |
How do I register a private limited company in Ghana?
Steps to Registering a Company Limited by shares in Ghana
- Step 1 – Company Name search at RGD.
- Step 2 – Taxpayer Identification Number (TIN) registration for all company directors, secretary and shareholders.