Requested Equity & Bank Account

REQUESTED EQUITY

The requested equity depend of the nature of the registered activity:

the following sectors: manufacturing, export trading and portfolio investment.

than 10% equity participation,

investment of foreign capital not less than the amount ($500,000.00) in cash or capital goods or a combination of both by way of equity capital in the enterprise.

(Capital Goods)

equipment and goods) all documents covering such imports should be in the name of the registered company and evidenced by the following, which should be submitted to GIPC for registration purposes: o Bill of lading/ Airway Bill (original) o Destination (Ghana) Inspection Certificate o Custom Bill of Entry (original document) o Import Declaration Form (IDF) o Certified/Final Invoices o Evidence of Capitalization – form 6,7 & 8 from the Registrar Generals’ Department o Original receipt of payment for duty & other fees

• There is no minimum equity requirement for foreigners interested in
• US$ 200,000 for Joint Venture with Ghanaian partner having not less
• US$ 500,000.00 for a wholly foreign-owned enterprise with an
• US$ 1,000,000.00 for a foreign company engaging iii. Equity in kind
• In the case of equity in kind (in the form of imported machinery,

OPENING A BANK ACCOUNT

A registered company will open 2 corporate accounts (foreign and local) with a local bank of her choice. The following will be required:

Initial deposit For Dollar Account – USD 1,000 For Pound Account – GBP 1,000 For Euro Account – EUR 1,000 Bank Transfer – Effect a bank-to-bank transfer of minimum foreign equity requirement, which will be converted into local currency (Ghana Cedis). This transaction should be confirmed to the Bank of Ghana by the investor’s local authorized dealer bank. Bank of Ghana in turn confirms this transaction to GIPC for the company’s registration purposes.

• Company regulations
• Certificate of incorporation
• Certificate to commence business.
• Signatures of the authorized company representatives
• Reference from Auditors
• Proof of residence of Authorized Signatories
• Completed account opening forms.
• 2 passport-size photographs of Signatories
• ID’s and TIN of Directors/Signatories
• Company TIN