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Jan-Feb, 2021                                                                                 Page 5

         SOLE PROPRIETOSHIP & REGISTRATION IN GHANA


                                           apply online  by attaching required
                                           documents:                           The registration fees are:
                                           ·      Filled registration form A    ·      ¢50 for a business name
                                           ·      Re-Registration form A        ·      ¢25 for filling the D form
                                           ·      Registration form D           ·      ¢25 for annual renewal
                                                                                ·      ¢10  for  Certificated True
                                           Here you can find all the needed         Copy
                                           forms.  They  consist  of  the
                                           following requirements:
                                           ·      Business name
                                           ·      General nature of the sole
                  Ato Tandoh
            Business & Entrepreneurial         proprietorship  business  (e.g.,
              Development Consultant           manufacturing,  service,
               hree  friends  asked  me        c o m m e r c e ,   t r a n s p o r t ,
                                               construction, and others)
               about sole proprietorship
       Tform of business within a          ·      The  principal  activity  of
       space  of  three  weeks  so  I  told    the business
       them to wait for this edition of  ·        Date of commencement of
       the  Noticeboard,  where  I  will       business
       give  them  the  lowdown  on  the  ·       B u s i n e s s   l o c a t i o n   You  can  make  payments  via
       subject.  So  Solomon  and  you         information  (city,  region,  NITA's  Ghana  Electronic
       guys ........ I hope it serves you      street, house/appartment)        payment  platform  (GEPP)  with
       well. Let me know if you have  ·           Sole  proprietor  personal    multiple payment methods.
       further questions.                      details  (surname,  first  name,   The  RGD  has  incorporated  two
                                               middle  name,  date  of  birth,   types of certified certificates for
       A sole proprietorship is a form of      gender,  occupation,  marital    online business registration:
       business  where  the  business's        status, etc.)                    ·      Digital  Certificates:
       ownership and management are        ·      Residential  addresses  of        available for 14 days and to be
       in the control of the same person.      the  business  person;  this         used electronically within 14
       The proprietor is the sole owner        includes where the proprietor        days;  they  can  be  requested
       of  the  idea  and  has  full                                                again after 14 days at a fee of
       ownership rights of the business.                                            Ghc10.00 per document if the
       They are responsible for all the                                             need be.
       debts and profits incurred in the                                        ·      Hardcopy  Certificates:
       business.                                                                    also made available to portal
       In  Ghana,  sole  proprietorship                                             users;  the  Certificates  are
       businesses  are  more  common                                                made  available  at  the  office
       than any other form of business.                                             depending on the region it was
       If you have been thinking about                                              completed  in  during  the
       starting  a  business  as  a  sole                                           online registration process.
       proprietor, the following article
       may help you with information                                            Tax  registration  for  sole
       on how to do so.                                                         proprietors in Ghana
                                                                                Yo u   w o u l d   n e e d   a   Ta x
       How  to  register  a  sole              lives; city, street, district, and   Identification Number (TIN)
       proprietorship                          other details.
       A  sole  proprietorship  business                                               We are on
       probably  the  easiest  form  of  The  business  name's  availability
       business  to  set  up. You  should  can  be  checked  using  a  name        FACEBOOK &
       begin by choosing your business  search function at the RGD    , but the
       name.  Head  into  The  Registrar  final approval of the name lies to            LINKEDLN
       General  Department  (RGD)  or  the RGD.                                                        Continue on pg 6
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