Starting a business in Ghana as a foreigner can be one of the most rewarding decisions you make in 2025. Ghana is one of the most attractive investment destinations in West Africa. With political stability, a growing middle class, and a pro-business environment, it offers immense opportunities for foreign entrepreneurs looking to establish a presence in Africa. Whether you are interested in trading, manufacturing, or service delivery, Ghana welcomes international investors, but the process requires careful planning and adherence to local regulations.
At Kharis Global Group, we support foreign investors throughout every stage of the setup process. Here’s a simplified, step-by-step guide to help you understand what it takes to start a business in Ghana as a non-Ghanaian.
Step 1: Decide on the Type of Business Entity
The most common business structures available in Ghana include:
- Limited Liability Company (LLC) – ideal for most foreign investors
- Branch Office – for companies expanding into Ghana
- Joint Venture – partnering with a local Ghanaian business
- Sole Proprietorship – not available to foreigners
Most foreign investors choose an LLC because it provides flexibility, legal protection, and full foreign ownership.
Step 2: Meet the Minimum Capital Requirements
Foreign investors are required to meet the following minimum capital requirements:
- $200,000 USD for a wholly foreign-owned company
- $500,000 USD for a trading company (import/export)
- $1,000,000 USD for joint ventures with a Ghanaian partner (foreign partner must hold at least 60%)
- $50,000 USD for businesses with Ghanaian majority ownership
Note: Capital can be in the form of cash or capital goods.
Step 3: Register with the Registrar General’s Department (RGD)
Company registration is handled by the RGD. The process includes:
- Choose a business name and conduct a name availability search
- Prepare the company’s Constitution
- Provide details of shareholders, directors, and company secretary
- Obtain a Tax Identification Number (TIN) for all company officials
- Pay registration and stamp duty fees
Once completed, you will receive a Certificate of Incorporation and Certificate to Commence Business.
Step 4: Register with the Ghana Investment Promotion Centre (GIPC)
Foreign-owned companies must register with the GIPC, which provides legal protection, investment guarantees, and access to incentives. The GIPC registration is mandatory for all foreign investments and helps legitimize your presence in Ghana.
Documents required include:
- RGD registration certificates
- Proof of minimum capital (bank statement or transfer receipt)
- Business plan
- Passport and personal details of shareholders
Step 5: Open a Corporate Bank Account
A corporate bank account in Ghana is required to deposit your minimum capital and run business operations. Most banks will ask for:
- Company registration documents
- GIPC registration (if applicable)
- Passport of signatories
- Proof of business address
Our team at Kharis Global Group can guide you in choosing the right banking partner.
Step 6: Obtain Business Permits and Licenses
Depending on your industry, you may need additional licenses from sector-specific regulators, such as:
- Food and Drugs Authority (FDA) – for food, cosmetics, and pharmaceuticals
- Ghana Standards Authority (GSA) – for product standards
- Environmental Protection Agency (EPA) – for environmental permits
- Tourism Authority – for hospitality businesses
Step 7: Register for Tax and Social Security
Register your company with:
- Ghana Revenue Authority (GRA) for tax compliance (VAT, corporate tax, etc.)
- Social Security and National Insurance Trust (SSNIT) to make employee contributions
You will receive your TIN, VAT Certificate (if applicable), and other relevant documents.
Step 8: Apply for Work and Residence Permits
As a foreign director, manager, or investor, you’ll need to apply for:
- Work Permit from the Ghana Immigration Service
- Residence Permit for long-term stay
At Kharis Global Group, we assist clients with a seamless and expedited permit application process, avoiding unnecessary delays.
Step 9: Set Up Office and Recruit Staff
Now you can proceed to:
- Lease an office or commercial space
- Hire local or expatriate staff (ensure all labor laws are complied with)
- Begin operations and marketing
We provide HR advisory, and corporate logistics to help your business hit the ground running.
Step 10: Stay Compliant
Compliance is key when starting a business in Ghana as a foreigner. Foreign businesses must file annual returns with the RGD, submit audited accounts to GRA, and maintain compliance with local labor, tax, and immigration regulations.
Kharis Global Group offers ongoing compliance services, business advisory, and renewal support to ensure your business
remains legally protected.
Why Choose Kharis Global Group?
Starting a business in a foreign country can be complex. We make it simple.
Our end-to-end services include:
Business registration
Work & residence permits
Investment compliance (GIPC)
Office setup and staffing
Legal and tax advisory
Relocation support
Source: Ghana Investment Promotion Centre (GIPC)
Registrar General’s Department
Ghana Revenue Authority
Your Success in Ghana Starts with the Right Partner.
Contact Kharis Global Group today to schedule a consultation.
juwairahb6@gmail.com
www.kharisglobalgroup.com
+233256979913