Starting a business in Ghana

Legal Forms of Companies

Limited Liability Company (LLC)

Number of partners: Two directors (one Ghanaian resident) and one shareholder (any nationality) minimum
 
Capital (max/min): USD 500,000 for a wholly foreign-owned company, USD 1 million for a trading firm. Foreigners investing in a joint venture are required to make a minimum contribution of USD 200,000
Shareholders and liability: The liability of the partners is limited to the initial investment.

Public Limited Company (PLC)

Number of partners: Between two and fifty
Capital (max/min): USD 500,000 for a wholly foreign-owned company, USD 1 million for a trading firm. Foreigners investing in a joint venture are required to make a minimum contribution of USD 200,000
Shareholders and liability: Liability is limited to the shares.

Partnership

Number of partners: Minimum two, maximum twenty
Capital (max/min): No minimum capital required
Shareholders and liability: Liability is unlimited for active partners, limited for sleeping partners.

Unlimited Liability Company

Number of partners: Minimum one
Capital (max/min): No minimum capital required
Shareholders and liability: Liability is unlimited.

Business Setup Procedures

Source: Doing Business - Latest available data.