Ghana is a strategically positioned and business-friendly jurisdiction for company registration, attracting investors with its stable political environment, growing economy, and access to West Africa’s vibrant markets. The country has streamlined its legal and regulatory frameworks to facilitate business establishment and growth, making it an appealing destination for both local and international entrepreneurs.

Ghana’s location enhances its strategic importance. Positioned as a gateway to West Africa, it provides access to a regional market of over 350 million people, with trade benefits through ECOWAS (Economic Community of West African States) and preferential agreements like the African Continental Free Trade Area (AfCFTA). The country’s free zones also offer incentives such as tax holidays, duty-free imports, and simplified customs procedures, encouraging foreign investment.

Infrastructure development is a key advantage. Ghana boasts a robust transportation network, including major ports like Tema and Takoradi, well-connected road systems, and improving energy reliability. Its expanding digital infrastructure and young, educated workforce further support industries ranging from technology to manufacturing.

Manimama ensures a seamless company registration process in Ghana. Trust us to provide expert guidance and support, so your business can thrive from day one in Ghana. Start your journey with confidence, knowing you have the best team by your side.

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Legal Opinion about Ghana as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

“Ghana’s stable political landscape, robust economy, and commitment to fostering a pro-business environment position it as an excellent jurisdiction for company formation. Its strategic location as a gateway to West Africa, coupled with attractive incentives in free zones and a growing talent pool, makes Ghana particularly appealing to entrepreneurs and investors alike. Manimama is ready to assist you with seamless business registration in Ghana, leveraging our expertise to navigate the regulatory landscape efficiently and ensure your success in this vibrant market.”

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

Company formation
Registered address for the 1st year
Annual accounting requirement bookkeeping

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Annual Services

Company renewal and registered address
Annual Government Tax
Mandatory Financial Beneficiary Report

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Other Services

Set of corporate documents (certified/apostille)
Nominal service for 1 year
Offshore banking

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Key Numbers about Incorporations

minimum 2

directors for a company

up to 3 weeks

timeline for a company registration

no

minimum share capital

25%

corporate income tax (CIT) rate

up to 35%

personal income tax (PIT) rate

15%

value added tax (VAT)

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Set up Your Company in Ghana in Several Steps

Step 1. Initial setup

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration

Verificate and reserve of the company name
Each must submit a Statutory Declaration & Consent Letter with the registration Form. The Secretary must also submit a consent letter
Submit completed forms at the Company Registration Counter for Verification and Capturing or submit application Online
Obtain the Certificate of incorporation from the Registrar of Companies, Memorandum and Articles of Association
Open a corporate bank account

Requirements for Company Formation in Ghana

Before deciding to set up a new company in Ghana, read the information below to understand the characteristics of a Limited Liability Company (LLC):

Shareholders: the company is required to have at least 1 shareholder. Both local and foreign individuals or entities can act as shareholders.

Director: two directors must be appointed, one of the directors must be ordinarily resident in Ghana

Company secretary: it is mandatory.

Minimum share capital: there is no minimum capital requirement for locally owned companies; for foreign-owned companies, the minimum stated capital is $500,000 USD for wholly foreign-owned entities.

Legal address: a registered office in Ghana is mandatory and must be provided during the registration process.

Registered agent: appointment of a local registered agent, who must be a management company, is compulsory. This agent maintains and stores all company documentation.

Liability: the liability of its shareholders is limited to the amount of capital they have invested in the company through their shares.

Accounting: companies are required to maintain proper financial records and prepare annual accounts. Annual filings and tax compliance with the Ghana Revenue Authority (GRA) are mandatory.

Taxes in Ghana

Corporate income tax (CIT)

The general corporate income tax (CIT) rate is 25%.
Mining and upstream petroleum companies pay CIT at a rate of 35%, while companies principally engaged in the hotel industry pay a reduced rate of 22%.
The CIT rate for companies engaged in non-traditional exports is 8%, while banks lending to the agricultural and leasing sectors pay a CIT rate of 20% on income from those businesses. Lottery operators are also subject to a 20% income tax on gross gaming revenue.

Personal income tax (PIT)

Residents are subject to tax at rates ranging between 0% and 35% on the following annual graduated scale of income:

0% - up to 5,880 GHS;
5% - next 1,320 GHS;
10% - next 1,560 GHS;
17,5% - next 38,000 GHS;
25% - next 192,000 GHS;
30% - next 366,240 GHS;
35% - Exceeding 600,000 GHS.

Non-residents pay taxes at the flat rate of 25%.

Value-added tax (VAT)

The standard VAT rate is 15%.
However, supplies of a retailer of goods whose annual turnover is at least GHS 200,000 but does not exceed GHS 500,000 are taxed at a flat rate of 3%.
A flat rate of 5% is also applicable on the taxable supply of immovable property by a taxable person: for rental purposes other than for accommodation in a dwelling or in a commercial rental establishment, or who is an estate developer.

Double taxation avoidance agreements in Ghana: ‍United Kingdom, France, Germany, South Africa, Italy, Netherlands, Belgium, Denmark, Switzerland.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Ghana:

Expertise in Regulations of Ghana

1. Manimama has an in-depth understanding of Ghana' legal and regulatory framework.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with laws of Ghana.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently asked questions

What are the advantages of registering a company in Ghana?

Advantages include a favorable tax regime, political and economic stability, a robust legal system, and access to international markets through various trade agreements.
How long does it take to register a company in Ghana?

The company registration process in Ghana is relatively swift, often completed within 3 weeks, provided all required documents are in order.
What are the main steps to register a company in Ghana?

The main steps include choosing a company name, preparing the incorporation documents, submitting the application to the Registrar of Companies, and obtaining the Certificate of Incorporation.
Is there a minimum capital requirement for a Limited Liability Company?

No, there is no minimum capital requirement for an Authorized Company in Mauritius.
Do Limited Liability Companies need to have a local director?

Yes, Limited Liability Companies (LLCs) in Ghana are required to have at least one local director who is a resident of Ghana.
Are there any residency requirements for shareholders?

No, shareholders can be of any nationality and do not need to reside in Ghana.
What are the tax obligations of a Limited Liability Company in Ghana?

The corporate income tax (CIT) rate is 25%, personal income tax (PIT) is progressive up to 35%, and the standard Value Added Tax (VAT) rate is 15%.
Can a foreigner own 100% of a company in Ghana?

Yes, foreigners can own 100% of a company in Ghana without any restrictions.
Do I need a registered office in Ghana?

Yes, every company must have a registered office address in Ghana where official documents can be served.
Is it necessary to visit Ghana to register a Limited Liability Company?

No, it is not necessary to visit Ghana. The registration process can be completed remotely through a registered agent.

Semen Kaploushenko

KUNA, CBDO

“Thanks to Manimama OU's efforts, I was able to resolve my problem in no time”.

Vadym Grusha

Trustee Wallet, CEO

“The team of lawyers demonstrated a high level of professionalism and in-depth knowledge in their field”.

Yuriy Soshenko

WhiteBit, CLO

"The result exceeded my expectations and I am sincerely appreciative of the help I received”.

Manimama as the Best Solution for Your Company Formation in Ghana

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Ghana, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Ghana and pave the way for your business success.