The Only Way Is Ghana has partnered with Swift Law, a legal tech platform that allows its clients to register a company name (in a week!) or intellectual property in Ghana simply by filling out a online form. Last week Swift Law started providing you with 6 steps to setting up a business in Ghana. This and every Thursday for the next 4 weeks, so stay tuned for this vital information.
If you have any pressing questions they are also on hand to answer your related questions in The Only Way Is Ghana forum.
Doing business in Africa is never an easy task so to have honest people/company to help facilitate this process can be invaluable.
So step 2 is…Decide on a name
First step is to perform a name availability search and reservation at the Registrar General’s Department (RGD). This typically takes 1-5 days. A reserved name is valid for 30 days only. Unless special permission has been sought a company limited by shares, must have a name that ends with either “Limited or” Ltd.” For instance using the word “corporation” in your company name will be deemed misleading by the RGD as it is reserved for only government owned companies.
The RGD may reject names which in its opinion are too similar to existing names, misleading, offensive, undesirable or violates existing trademarks or business marks. It is advisable to submit alternate company names. Be creative with the company names in order to avoid them being all deemed too similar to existing company names or trademarks by the RGD.
Our focus for this 6 week course will be on a limited liability company, although the process is largely similar for the other legal entities.
If you have any questions related to registering or setting up a business in Ghana, Swift Law they are on hand to answer your questions in The Only Way Is Ghana forum.