Choosing the right business structure is crucial for a smooth business journey. Evaluate each structure based on your goals and management preferences.
Appointing at least two directors who have attained the legal age is mandatory. Remember that one of the directors should be Ghanaian.
This next step involves selecting and registering a valid and trademark-free business name with the competent authority.
Registering with the Ghana Revenue Authority (GRA) should be your next step for securing a Tax Identification Number (TIN) for members.
A GIPC certificate plays a vital role in fostering business growth by facilitating unmatched benefits, such as tax exemption, easy availability of credits, and automatic expatriate quotas.
If your entity falls under the notified category, you will be required to obtain industry-specific approval from the competent authority. This certificate is unrelated to establishment permits.
Corporations adhering to the minimum capital threshold and having a valid GIPC Certificate can open corporate accounts.
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