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LLC Free Zone LLC PLC Joint Venture Branch Office Rep Office
Other Entity Name Limited Liability Company EPZ Company Public Limited Company Partnership Branch Representative Office
Company Setup Time 15 days 15 days 15 days 15 days 15 days 15 days
Bank Account Opening 10 days 10 days 10 days 10 days 10 days 10 days
Government Grants Available Yes Yes Yes Yes No No
Government Contracts Bidding Yes Yes Yes Yes No No
Legal Liability Yes Yes Yes Yes No No
Client Required to Travel No No No No No No
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Corporate Structure Explained

Ghana Limited Liability Company (LLC)

  • An LLC requires one shareholder and two directors. Both types can be foreign, but one of the directors must be a resident of Ghana. The minimum share capital required to complete the incorporation is USD 500,000 for a wholly-owned foreign company and USD 1,000,000 for a trading company. Foreign investors wishing to invest in a joint venture with a Ghanaian national require USD 200,000.

Ghana Public Limited Company (PLC)

  • A PLC is recommended when clients wish to list their company on the public market. Ghana’s public limited company (PLC) must have a minimum share capital of USD 500,000. In the case of a trading company, the share capital required is USD 1,000,000.
  • At least one shareholder and two directors of any nationality must be appointed. One of the directors must be a resident of Ghana and must file annual financial reports and statements.

  • Publicly-listed companies can sell their shares to the public on the Ghana Stock exchange.

Branch Office (External Company)

  • A branch must be authorized to accept documents on behalf of the parent company by one representative of any nationality, who must be a resident of Ghana. The branch must have a registered address in the country to which all communications and notifications must be addressed. Statutory records must be kept in that office.

Free Zone Company

  • An entity in a free zone of Ghana can be 100% foreign owned and does not require a resident director.
  • There is no specific minimum capital investment required to establish a company in a free zone. Investors must demonstrate the ability to fund their business activities.
  • Clients interested in starting a company in a free zone can invest in any business sector, except gas and crude oil, exploration of precious metals, timber related activities and plastics manufacturing.
  • Free zone companies are entitled to incentives that include a 100% exemption from the payment of direct and indirect duties and taxes on all imports and exports. There are no import licensing requirements and no restrictions on the repatriation of dividends and net profits.

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