top of page

Ghana

Legal form:

LLC, LLP, Inc.

Delivery:

4 weeks

Price: $

$100

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Ghana

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Ghana

Capital
Official languages
Population 
Currency

ISO 4217

Accra

English

Approximately 30 million

Ghanaian Cedi

GHS

FAQ

Q: What is the process for forming a company in Ghana?

A: The process for forming a company in Ghana involves registering the company with the Registrar General’s Department, obtaining a tax identification number, and opening a bank account.


Q: What are the different types of companies I can form in Ghana?

A: The most common types of companies in Ghana are the LLC (Limited Liability Company), PLC (Public Limited Company), and partnerships.


Q: What is an LLC?

A: An LLC is a type of company where the liability of the shareholders is limited to their share capital contribution.


Q: What is a PLC?

A: A PLC is a type of company that can issue shares to the public and has more stringent reporting requirements.


Q: What are the minimum requirements for company formation in Ghana?

A: The minimum requirements for company formation in Ghana include having at least two shareholders, a registered office address, a minimum share capital of GHS 5000, and at least two directors.


Q: How long does it take to form a company in Ghana?

A: The time it takes to form a company in Ghana can vary, but typically takes around 10 business days.


Q: What are the tax implications of forming a company in Ghana?

A: Companies in Ghana are subject to a corporate tax rate of 25% on their taxable profits. There is also a value-added tax of 12.5% on goods and services sold in Ghana.


Q: What are the ongoing compliance requirements for companies in Ghana?

A: Companies in Ghana are subject to ongoing compliance requirements, including filing annual returns, maintaining proper accounting records, and renewing their business registration annually. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.

Economy

"Ghana's economy has been steadily growing over the past few years. According to the World Bank, the country's GDP grew by 6.3% in 2019, making it one of the fastest-growing economies in the world. The country's inflation rate has also been relatively low, averaging around 8.5% in 2019. The country's unemployment rate has also been decreasing, dropping from 11.6% in 2018 to 10.2% in 2019.

The country has also seen an increase in foreign direct investment (FDI) over the past few years. In 2019, FDI inflows to Ghana totaled $3.2 billion, a significant increase from the $2.3 billion in 2018. This increase in FDI has been largely driven by the country's strong economic growth and its efforts to attract foreign investors.

Overall, Ghana's economy has been performing well in recent years, with strong economic growth, low inflation, and decreasing unemployment. The country has also seen an increase in foreign investment, which is helping to drive economic growth."

Taxation

Ghana is a country located in West Africa with a tax system that includes both corporate and personal taxation.


Corporate taxation in Ghana is currently at a standard rate of 25%. However, there are some deductions and allowances available, such as those for research and development, investment in machinery and equipment, and charitable donations. Companies with an annual turnover of less than GHS 2 million are subject to a lower rate of 1%.


Individuals in Ghana are subject to a progressive tax system that includes both national and local taxes. The tax rates for national income tax range from 0% to 35% depending on the income level. Local taxes, which vary by municipality, are typically in the range of 1%-3%.


The tax year in Ghana runs from 1 January to 31 December, and tax returns must be filed by the end of April of the following year. Taxpayers can file their returns electronically or on paper. Tax payments are typically due in four instalments, with the first instalment due in April, the second in June, the third in September, and the final instalment in December.


Taxpayers in Ghana can choose to pay their taxes either monthly or in a lump sum. Monthly payments are based on the previous year's tax assessment and are paid on the 15th day of each month. Lump sum payments are due in April, June, September, and December and can be paid either online or at a bank.


In addition to income taxes, there are also taxes on capital gains, dividends, and other types of income. Ghana also has a value-added tax (VAT) system, which is similar to the sales tax system in other countries. The VAT rate in Ghana is currently set at 12.5%.


It is important to note that tax laws and regulations in Ghana are subject to change. Taxpayers should consult with a tax professional or the Ghanaian tax authority for the most up-to-date information on tax rules and procedures.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page