A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or they can be non-profit organizations that operate to fulfill a charitable mission or further a social cause.
How To Register A Business In Ghana
Get your Tax Identification Number (TIN)
How to get a TIN:
- Provide a coloured copy of a National ID card
- Secure your TIN in a Bank, any Ghana Revenue Authority branch or the Registrar General’s Department.
Register your business at the Registrar General’s Department
The following are required:
- Name of your company
- The kind of business that you intend to engage in
- The company name, names & addresses of shareholders, their percentage shareholdings, respective occupation, and any directorships in any other company
- The full names of the first directors of your company. A company must have a minimum of 2 directors and at least one director must be a resident in Ghana, must be of sound mind and of legal age which is not younger than 21.
- The company secretary and auditors’ full names and addresses.
- The number of company shares that is to be registered and the stated capital
Open a Business Bank Account
The following will be required:
- Company regulations
- Certificate of incorporation
- Certificate to commence business
- Signatures of the authorized company representatives
- Reference from Auditors
- Proof of residence of Authorized Signatories
- Completed account opening forms
- 2 passport-size photographs of Signatories
- ID’s and TIN of Directors/Signatories
- Company TIN
Apply for Business Operating Permit from the Metropolitan /Municipal / District Assembly
Requirements:
- Purchase application form from the Cash Offices of the various sub-metros
- Complete in full the application form and submit it to the Revenue Mobilization Officer (RMO) at the Assembly’s main office.
- Must have registered with the Registrar General’s Department and have been issued with Business Registration Certificate.
- Registration Certificate from other recognized bodies as may be applicable.
- Tax clearance Certificate from Internal Revenue Service (IRS).
Procedure:
- A joint team from Finance Department, Environmental Health Division and City Engineer’s outfit will inspect the premises of the applicant within 5 business days of submission of application.
- The inspection team makes appropriate recommendations to the Assembly within 2 business days from the day of their inspection.
- Upon approval by the Assembly, license is issued to applicant at a prescribed fee.
6. Register for Social Security
How to register:
Book an appointment at the nearest SSNIT office.
Take the required documents to the nearest office.
Certificate to Commence business
Company’s Regulations
Tax Identification Number for the company/ business entities
Profile of Directors or Local
Managers
Copies of the Directors’ or Local Manager’s valid ID (e.g. Voter’s ID, passport, driver’s license)
Directions to Taxpayer’s Premises using the Ghana Post (GPS).
List of employees with their SSNIT numbers, basic salaries, and contributions.
- The SSNIT officer will fill a form with the required details and examine the documents. Application will be processed once everything is in order.
- After processing, SSNIT will send the following to the company:
- A confirmation letter with the company’s registration number; and
- A certificate of membership to signify registration.
How do I register a small business in Ghana?
Step 1: Company Name search at Registrar General’s Department (RGD) and obtain.
Step 2: Apply to the Registrar-General’s Department to obtain Incorporation.
Step 3: Collect Business Registration Certificates. …
Step 4: Register with the Ghana Investment Promotion Centre (GIPC) …
REGISTRATION. …
STRATEGIC PROJECTS. …
EXEMPTIONS.