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. Two weeks ago Swift Law started providing you with 6 steps to setting up a business in Ghana. This and every Thursday for the next 3 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
So step 3 is…Obtain a Tax Identification Number for all participants
In Ghana, all participants (Member(s)/Shareholder(s), Company Secretary, Director, Auditor, Council Members, Process Agents, Local Managers, Partners, Sole Proprietors) of any business entity are first required to obtain a Tax Identification Number (TIN) by registering with the Ghana Revenue Authority (GRA). It typically takes 1-3 days to complete. It is free to obtain.
You are required to submit one of the following forms of identification in addition to your application:
- Bio-data page of passport
- National Identity card
- Drivers Licence
- Voters Identification Card
One may also apply to the registrar of the GRA for permission to use another form of identification.
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.