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If you’re looking to move abroad, but you don’t have the budget, don’t panic. Some countries do offer the possibility of enjoying an excellent quality of life along with a low cost of living. So here are some tips for living overseas for cheap from Jerry Nelson, a US expat blogger living in Argentina.

My housekeeper has her own chauffeur. Really. He brings her by the condo once a week and lingers in the automobile while she spends several hours tidying up the mayhem, which has taken me a week to create.

I’ve offered and encouraged her driver to come inside and join me on the mezzanine for matè (a traditional South American infusion), but he chooses to wait in the car.

Regardless of his reason for ‘social distancing’, when was the last time you heard, in America, of a maid having her own driver? My hunch is you never have.

Having a housekeeper who has her own chauffeur isn’t a sign of my being rich. It’s a gauge of life which is available once the twisted chains to America are separated.

The prices are decent. More than reasonable, really.

A gallon of milk? $1. A litre of soda? Eighty-cents. How about a breakfast of four empanadas, coffee and a medialuna (croissant)? $2.58.

A nice steak dinner is lomo — the Argentine version of ribeye — baked potato, salad and dessert—$ 7.75.

What about travel costs? A person can fly from Buenos Aires to Washington DC for less time and money than it takes someone to journey from Washington DC to Los Angeles to see their parents and crazy Uncle Henry.

Travel overseas enough, and you’ll see something in the Americans you meet. Most of the people I know in the states are handcuffed to repetitive tasks, uncertain relationships or uneducated about the world beyond the horizon.

The expats I’ve met have visited almost 150 nations and rarely show evidence of boredom, worry, or regret. Almost all seem to be the personification of what an Australian man told to be on a dirt road in the Outback. “Don’t spend time, enjoy it!”

Americans’ poverty line stands just a tad over $12,000 a year — for a single adult with no kids. $12K won’t get you far in Oakland, but it will get you a full year of awe in one of these three nations. In each of these $1,000 a month covers housing, food, and access to exploits which Americans can hardly imagine.

Everything is super-cheap in South America’s least-visited country. A room in a five-star hotel runs $5 a night, and they will let you take a (leashed) alpaca for a ramble at no cost.

Landlocked behind Peru and Chile, Bolivia is an even greater bargain than backpacking sanctuaries like Cambodia.

Bolivia has the largest Native American culture in South America, and they practically created the frugal experience such as Cholita. In Cholita wrestling, the Bolivian counterpart to America’s WWE, women battle it out for your entertainment. The cost to watch a match is about five-cents.

Bolivian natives never look to be in a rush. They manage to maintain links to their 3,000-year-old ancestors. In the past 185 years, they’ve had almost 200 heads of state. They’re not in a big hurry to put the past behind them.

Mountain biking on the treacherous road leading from Coroico to La Paz is a blur of microclimates which tosses mud in your face. Given the nickname, “death road,” the highway was dug into the side of a mountain in the 1930s and connects the Amazonian rainforest to La Paz.

No. Not Atlanta. The former Soviet republic which gives ‘cheap’ a new meaning. Tbilisi, the capital, overflows with cafes and wine bars. A nice bottle goes for $5 and a hotel room for $8 at Fabrika, a former Soviet-era garment factory since converted into a dazzling hotel and community centre.

Most expats shell out $150 a month for a nice apartment. But don’t talk politics. It’s better to debate white versus red in the wine-crazed nation.

This West Indies paradise has plenty of exotic beaches to nice places to relax. Welcome to the Caribbean. Going local means navigating retirement in style and luxury. Get into the national dish made with coconut milk oil residue and enjoy the one-pot stew of breadfruit, callaloo, okra, cabbage, fish, dumplings, turmeric — and anything else on hand.

A traffic circle near Grand Anse Beach bounds an outdoor marketplace named “Wall Street” with banks on opposite ends. The circle attracts locals busy buying open-air-grilled meat and fish for beverages sold directly from blue and red ice chests in pickup beds.

Late at night, cars blare music and parties. The distant calypso music fills the barbecued night air and therein lies your cue to follow the music of steel drums. To see it all and do everything, plan on spending about $20.

The takeaway
From Sean Connery to Daniel Craig, each James Bond has lived, worked and played in the world’s top-shelf vacation spots. Part of the reason is no one wants to believe that a world-class spy would work anywhere other than world-class regions. James Bond in Cheboygan doesn’t have the same flair.

But I believe that Bond couldn’t afford to live his lifestyle in America, so he goes overseas where life is cheaper and living well is less expensive.

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International Customer Service Week – Customer Appreciation Post

Customers are a foundational part of the activities of every successful organization. The importance of the Customer can be conceptualized and likened to the root system of a tree. They provide businesses with leverage and control in the market share of whichever industry that they operate in. Yes, indeed customers also provide businesses with feedback and first-hand insights on the quality of services over the years.

In that regard, we can agree that the relationship between a customer and an organization or service provider should be mutually beneficial and not merely a parasitic one.At GroConsult the needs of our customers are paramount and play a vital role in aiding us to maintain our level of excellence in operations. Therefore we cannot downplay the contributions of our customers to the growth of our vision

For this and many other reasons, we would like to appreciate your involvement with the firm by saying a big thank you to both existing and potential customers. GroConsult deeply acknowledges your commitment to our cause and your involvement with us.

Growing Businesses Delivering Results

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5 tips to effectively manage a remote workforce
People around the world are getting a crash course in managing a remote workforce due to the novel coronavirus and you can expect some growing pains ahead.

But like any crisis there are opportunities and new ways of doing things that will emerge. If anything the novel coronavirus may have simply accelerated trends in the workplace that were already happening.

Here are 5 tips to manage a remote workforce effectively

A remote workforce buys you a lot of flexibility. The downside for remote workers is that the day may never seem to end if they don’t follow healthy work habits. The upside is your teams can scale up based on workflow not a schedule that’s dictated by commutes and operating hours. You can use this flexibility to win in the field vs. less nimble competitors.

The knock on remote work is that you don’t get those chats over coffee and cohesive culture. To replicate that you need to make sure you’re visible on Slack, have an open door (messaging) strategy and make use of video conferencing. This communication theme is easier said than done but it needs to be emphasized. Open office hours via video conferencing may be worth a try so your remote team can get adjusted. Also keep in mind that you’re never going to be able to communicate enough so aim for continuous improvement.

Face-to-face meetings should usually have a written follow-up so there’s a record and less confusion. With a remote team, this best practice is even more important. You have to work harder to make sure people are on the same page.

Most enterprises have a handful of video conferencing tools, team management platforms and chat apps. Pick the ones that work and go with them. YAT (yet another tool) is a curse for remote workforces. It is best to use the collaboration tools that folks are using already. Collaboration doesn’t have to be fancy.

After some growing pains, it’s likely that you’ll find your team happier and more productive. Pay attention and think through how the future of work for your team needs to evolve. Enterprises are likely to use this novel coronavirus crisis as a big A/B test for expenses ranging from sales and marketing to travel to commercial real estate holdings. The old way of doing things may not make sense in the future.

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Which countries are luring expats with visas?

While many countries are playing it safe regarding their border closures, others are currently introducing new visas to attract visitors and expats, skilled professionals in particular. The United Kingdom has just announced a new visa for healthcare professionals from August 2020. Canada is also coming up with a new bill along the same lines.

The UK wants to attract more foreign professionals and students
With the new Health and Care Visa, the British government is looking to improve its healthcare system. This visa mainly aims at attracting the best health professionals from around the world and allowing them to join the National Health Service (NHS) network rapidly, including in social healthcare. Fees applicable to this new visa are lower compared to Tier 3 visas intended for highly qualified professionals. Also, applicants are exempt from the Immigration Health Surcharge. The government points out that Health and Care Visa applications will be processed within 3 weeks following receipt of biometric data from applicants. Those who are not eligible can still request the refund of the Immigration Health Surcharge provided that payment has been made by March 31st, 2020. The UK government has granted an additional fund of £ 1.5 billion to the healthcare sector to address the labour shortage.

The UK immigration and visa policy are also subject to changes that will take effect at the end of the Brexit transition period, that is, from January 1st, 2021. This point system applies to healthcare workers, skilled workers, young graduates as well as international students coming from the European Union and third countries. To qualify and benefit from the same rights as Britons, foreign professionals must obtain at least 50 points after securing a job offer that is on the eligible professions list. Qualified professionals should have level RQF3 or higher skills, have a good command of English and earn a salary of at least £ 25,600. However, there are exceptions for those earning less but more than £ 20,480.

Besides, the Global Talent Scheme will be accessible to nationals of the EU, the European Economic Area, the Swiss, as well as highly qualified scientists and researchers even if they haven’t secured a job yet. A new pathway will also be available to students graduating in the UK from summer 2021. They will be authorised to work in the UK or to look for a job for 2 years or 3 if they have a PhD.

Canada: strengthening the health sector
Although Canada is not likely to reach its target of welcoming more than 340,000 expatriates this year – owing the sharp drop in immigration rate to the COVID-19 crisis – the country still has wants to attract more foreign professionals. The Canadian government is looking to grant permanent residence to asylum seekers who are currently working in the health sector. This bill will soon be brought to parliament as a sign of recognition for the contribution of asylum seekers to the fight against the pandemic and to the Canadian economy.

The world’s first digital nomad visa
With the evolution of technology, digital nomadism is becoming increasingly popular around the world. The COVID-19 crisis has also forced thousands of employees in most countries to work from home during the lockdown. According to data from Global Workplace Analytics, nearly 30% of the global workforce could have to work remotely several days a week by 2021. What if you could also work remotely?

Estonia took a revolutionary step by launching the world’s first digital nomad visa. This visa is valid for one year and should allow employees and freelancers to work remotely while taking advantage of the country’s mild climate and pleasant environment. With this new visa, Estonia aims at attracting at least 2,000 digital nomads, especially those from non-EU countries. It’s worth noting that Estonia has been facing a brain drain for the past few years and is now focusing on young entrepreneurs.

If you have always dreamed of living and working on a remote island, Barbados, located in the Caribbean Sea, is another interesting option. The Barbados Welcome Stamp, which will soon be launched, is a 1-year visa intended for digital nomads. Holders of this visa will also be allowed to work in Barbados from abroad for 12 months.

Russia: relaunching tourism in 2021
While Russia plans to keep its borders closed until further notice, the government is currently reviewing its visa policy, especially regarding tourism. As of January 1st, 2021, nationals of 53 countries will be eligible for a single-entry tourist visa with a 16-days duration. This electronic visa will be free of charge for children and comes with a fee of around $ 50 per adult. The application can be made online, on the Russian Ministry of Foreign Affairs website, and will be processed within 4 days.

Egypt has also introduced an electronic visa system for visitors. Applicants from eligible countries no longer have to go to an embassy to apply for a visa. Egypt reopened its borders on July 1st, 2020, taking all necessary measures to prevent a second wave of COVID-19.

Article translated from Quels pays proposent de nouveaux visas pendant la crise ?


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The Key To A Stress Free Life As An Expat

Jerry Nelson is an American expat writing his way through life in Buenos Aires, Argentina. This week, he tells us a little about the challenges he has faced as an expat and how he has dealt with them. Transport, shopping, language… Argentinian punctuality (or lack thereof!). Here are his keys to living a stress-free expat life!

My editor gave me a challenge. Write a piece about the 5 greatest challenges I’ve faced as an Expat in Argentina.

Simple enough assignment, right? Then why did it take me 4 days, 3 rewrites, and multiple cups of coffee to come up with a post with which I was happy?

Easy. There is a key to leading a stress-free life as an Expat — anywhere. A person doesn’t even need to be an Expat. The solution works even on the Crosstown Express when it’s crowded and running late.

The rebuttal to stress, anxiety and frayed nerves works in every aspect of life, but in keeping with the assignment, let’s look at 3 areas:

Shopping, and
Just how do you get from here to there? A bicycle is always an option, but only for relatively short distances. In Buenos Aires, where traffic lights and white lines are only a suggestion, bike riding can be a contact sport making it hazardous.

Not speaking the language makes taking public transportation challenging. If you can’t read the signs, it’s hard to tell exactly where to get off. Maps are available and the ones here are written well and in such a way that figuring out what bus line to take is made easier.

For me, taxis are the easiest solution anytime I leave the barrio. I just have to make sure to write the address down before I leave home. The cab drivers can read my writing, but they can’t understand my ‘foreign’ dialect.

There are shortcuts though, it just took a while to figure them all out.

The subway is my favorite though. The ‘subte’ can only go two directions — back and forth. The choices are easy and with a light-encoded map which displays the next stop, everything is a piece of cake.

But when you get off the subway at the destination, it’s back to trying to figure out which way to turn next.

Life in Buenos Aires in 2020 is kind of like living in the 1960s Brooklyn. Everything is a specialty store and there isn’t a ‘big box’ store near.

If you want meat, go to the butcher. Looking for fresh bread? The baker is just around the corner. Looking for men’s shoes? The men’s shoe store has a wonderful selection, but if you want a pair of women’s shoes as a gift, the lady’s shoe store is around the corner. No challenge here.

I still don’t speak Spanish. I know enough words to be able to ask where the bathroom is, but not enough to find the ketchup in the “mercado”.. Yes, there are limits to this manner, but between polishing my pantomime skills and blending them with the few words I know, I can get by.

But even pantomime only goes so far and it can get embarrassing to pantomime “where’s the bathroom”, especially if it’s an emergency.

But still, Argentines are friendly and understand and appreciate even the smallest, weakest attempt to learn the language.

When it’s time to start missing the home country, 2020 is the best year to do it. Between relatively inexpensive long distance, Skype, Zoom and tk, it’s easy to stay in touch with the folks ‘back home’.

Weekly phone calls to talk with parents or children are cheap and most kioskas, or small convenience store type outlets sell compatible SIM cards.

Don’t expect magazine subscriptions from home to make it through customs on a regular basis. The men and women in the dark blue sports jackets grab those as soon as the periodicals hit the city.

Give up the need to control
Stress and anxiety in addition to frustration and anger tend to stem from unresolved control issues. Someone, or something, doesn’t behave the way you want. The result is more frustration, stress and anxiety.

As a 30+ year member of Alcoholics Anonymous, a line from the Serenity Prayer sums it up for me. “Accept the things I cannot change…”.

The short version? Screw it.

If you can’t change it, screw it. The world doesn’t march to the beat of my drum. No amount of foot-stomping will change that.

Need to… ? Mañana
Okay. Maybe there is this one thing that it is difficult to deal with!

“mañana”. It seems to be Argentina’s answer to everything.

Need the WIFI connection fixed? mañana.

Need tickets to America? mañana.

The laid back atmosphere of Latin America helps to make sure that nothing gets done on time. But that may be a good thing.

Unlike America, where everything is ‘rush and do it now,’ Latin America has not angered every single decent country on the planet.

Close kin
A close cousin of “Mañana”, is punctuality. There is none. Anywhere.

Invited to a party at a friend’s house to begin at 8pm? Don’t even bother showing up before 9:15. If you do, you’ll be the only guest there and will need entertain yourself, in the living room, looking for something to do.

Either that or ask your host if you can help. And then ask every ten minutes because it’s better to be a nuisance than a lump sitting on the love seat, taking up space, until the party starts — maybe mañana.

Shopping? Ignore the hours posted on the door. If the sign says the store will open at 9am, that’s not for you. That’s for the employees. The workers are expected to be there at nine and begin preparing for that day’s work. Basically, you won’t get in until 9:45. Deal with it and welcome to Argentina Time.

Source :

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The post-COVID-19 cost of living on the rise around the world

While the health crisis and the subsequent economic crisis have caused prices across the world to rise, different countries have found different ways to deal with this phenomenon. In Abu Dhabi, for example, authorities are investing massively in the agro-industry to boost local food production. Sweden and the Netherlands have also been the least affected by the rise in prices while in Saudi Arabia, the VAT has been increased to 15%.

The UAE wants to cut down the cost of living
Abu Dhabi will mostly rely on foreign talent to boost its economy after the crisis. Today, the expat exodus affecting Middle East countries is having a direct impact on their economy. The United Arab Emirates have therefore decided to bet on an affordable cost of living to attract more professionals in the near future. Local authorities are considering the slashing down of prices relating to education, accommodation and entertainment. In addition, they are planning to inject funds into research and innovation in the agro-industry. A budget of $ 100 million has already been earmarked for companies looking to build vertical farms.

It’s worth noting that expensive cities, such as Dubaï and Abu Dhabi, drop down to the 23rd and 39th places respectively in the latest Mercer Cost of Living Ranking.

Hong Kong is the world’s most expensive city in 2020
According to the Mercer report, Hong Kong is now the world’s most expensive city for expats. Surprisingly this year, Ashgabat, the capital of Turkmenistan, comes in second, followed by the legendary Tokyo, Zurich, Singapore, New York, Shanghai, Bern, Geneva and Beijing. Note that the ranking takes into account the prices of more than 200 products and services, including rent, transport, leisure and food, in 400 cities around the world. On the other hand, Tashkent, Bishkek, Windhoek and Tunis are some of the world’s cheapest cities.

Cairo, ranked 126th, is cheaper than Tel Aviv, for example. In Africa, meanwhile, Ndjamena, the capital of Chad, retains attention, while Tunis remains cheaper compared to other major cities.

Europe looks more affordable for expats, mainly because of the eurozone crisis that Italy and France have been facing since the end of 2019. Paris, Milan, as well as Frankfurt, are also much cheaper, according to the report. London, ranking 19th, remains in the top 20 most expensive cities despite the Brexit.

In the Americas, New York remains the most expensive city, followed by San Francisco and Los Angeles. Ottawa, Toronto and Vancouver became more affordable in the past year, like San Juan, San José and Montevideo in South America.

Sweden and the Netherlands the least affected by price changes
According to a recent survey by Ipsos, the prices of food, products and services increased significantly in more than 20 countries during the COVID-19 crisis. Argentina, South Africa, Mexico, Turkey, Chile and Belgium are the countries with the highest rises. Overall, more than half of the respondents believe that the prices of food, groceries and household supplies have increased in recent months.

Most respondents in Turkey, Chile and Malaysia also agree that the utility bills, including water, electricity, heating, air conditioning and telecommunication services, have skyrocketed during the COVID-19 crisis. An increase in the prices of hygiene, health care and leisure products and services was also noted in these countries. On the other hand, one in four respondents in Hungary and South Korea has seen a price drop since the beginning of the crisis. Many respondents in Japan and Russia also feel this way.

In Sweden and the Netherlands, however, nearly half of the respondents believe that prices have remained unchanged — which suggests that the economic impact of the crisis was mitigated.

Rising prices in Saudi Arabia with a 15% VAT
Various factors account for the rising prices in many countries. However, most people agree that they were compelled to buy more expensive products due to a shortage in the supply of products they are used to. Add to that the cost of delivery during the lockdown when businesses were closed, and people weren’t allowed to move around. It’s also worth noting that isolation and remote work during the lockdown resulted in higher electricity bills.

In Saudi Arabia, the value-added tax (VAT) on all products and services rises from 5% to 15%. This came as a blow for the whole population, including expats who are currently facing a salary cut.

What you should expect after the crisis
The COVID-19 crisis will obviously have a long-term impact on the global real estate market. Taking into account current border and travel restrictions and the slowdown of immigration, property prices are dropping quickly, even in countries like Australia, the United Kingdom and the United Arab Emirates. Since the supply looks greater than the demand, governments are providing property investment incentives. Some of these measures are low-interest rates on bank loans, cutting down of service fees, etc. The UK, for its part, is slashing down stamp duty so that young people get the chance to become homeowners. However, the situation is likely to change soon, taking into account the gradual lifting of border restrictions. In many countries, property prices have started rising.

The Netherlands seems to be the only country with a profitable real estate market during the COVID-19 crisis. In fact, an 8.8% price increase in prices was noted during the past few months. The Netherlands has one of Europe’s most in-demand real estate markets. In 2019, the Dutch government implemented measures to increase the number of constructions in major cities in order to meet the growing demand. Currently, a property in the Netherlands costs $ 380,000 on average. In France also, the prices of new homes in big cities like Paris, Marseille, Lyon and Toulouse remained stable during the crisis. On average, prices range from 361,400 euros for a studio to 785,600 euros for a 3-room apartment.


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Post-crisis: Study finds expats now prioritise health and well-being

A study by Allianz Care found that financial priorities of 52% of expats interviewed had changed as a result of the crisis. More than half of them stated that health and well-being was now a priority for them. Family also weighs more in the balance these days, expats say.

The COVID-19 and its resulting health and economic crisis has sure changed the way we see life. The unprecedented lockdown, closure of borders and halt to almost all economic activity will definitely cause shifts in our way of life for the years to come. How will this crisis impact expat choices? Already, an survey found that 38% of expats were planning to head home after the crisis. Another study by Allianz Care has only just found that expat financial priorities had also changed following the crisis. Indeed, 52% reported having seen a shift in their priorities because of the crisis and 53% of these explained that they would be spending more on health and well-being now than they did before the COVID-19 crisis. The news was reported by the news outlet, International Investment.

“2020 has been a life-changing year for many of us across the world as we deal with the implications of COVID-19. Massive lifestyle changes have forced on us almost overnight, which in turn have forced us to re-assess how we live our lives and re-evaluate what’s truly important. The same is absolutely true for expats who are living and working across the globe. This comes across strongly in the increasing prioritisation of health and family”, said Paula Covey, chief marketing officer for health at Allianz Partners to International Investment.

Other than that, the survey also found that the profile of the “expat” is slowly changing. While in past surveys, Allianz Care tended to find that most expats moved abroad temporarily on work assignments and for high pay positions, it seems to be changing. Indeed, expats seem to have a higher interest in finding long term work abroad. Paula Covey mentioned that 76% of expats mentioned having changed jobs since living abroad and 58% were planning to remain in their country long-term. A study by had also found last year that only 35% of 3, 500 expats had plans to return home at the time of their expatriation.

Expats mainly living in the United Kingdom, Canada, the United Arab Emirates and Singapore were surveyed. Most of them, 49%, mentioned they had initially moved abroad in search of better pay and financial benefits. For others, it was the search for a better quality of life that led them to move abroad. 71% of respondents had moved abroad with their families.


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Question 1: List of statutory payments/allowance, legal status value (days %), base threshold, comments
Answer 1: The statutory payments include the salary (Minimum wage: 65 000 FCFA = $120 USD), transport allowance

Question 2: Taxes, is VAT/GST/ Turnover tax applicable? If yes, please state the percentage of the tax, if yes, please state the percentage of the tax. Is VAT/GST applicable to total invoice or to service fee?
Answer 2: VAT is currently at 18%

Question 3: Please list other taxes if applicable, value (%), tax base, comments
Answer 3: see tables below

Wage tax 1.5% applicable on 80% of net income (net income = RB X 80%) or 1.2% on gross income
National contribution for the economic, cultural and social development of the Nation 0 to 50 000 0
50 001 to 130 000 1,5 %
130 001 to 200 000 5 %
More than 200 000 10 %

General income tax Net taxable income (R) = [80% B – (IS + CN)] x 85%
Contribution payable by employers EC proper for expatriate staff salaries: 11.5%
National contribution for the economic, cultural and social development of the Nation (CN) – Local staff: 1.5%
– Expatriate staff: 1.5%

Learning tax – Local staff: 0,5 %
– Expatriate staff: 0,5 %

Additional tax on continuing vocational training – Local staff: 1,5 %
– Expatriate staff: 1,5 %
Transport allowance Minimum 30 000 CFA ($55 USD)
SSNIT 5.4%
Question 4: Which day is payday?
Answer 4: End of the month or the last Friday of the month

Question 5: Is there any specific legislation regarding commission/bonus payout?
Answer 5: Commissions / bonus payout are taxable at the same rate as the salary and have no limit

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Business Registration In Ghana

There are various forms of business entities that can be registered under the laws of Ghana and it is therefore appropriate to choose the right legal structure that best serves your business intentions. These are the various forms of business registration under the laws of Ghana.

  • Unlimited Liability Companies
  • Limited Liability Companies
  • Companies Limited by guarantee
  • Sole Proprietorship
  • Partnership firms
  • External Company

With the automation at the Registrar General’s Department (RGD), business registration has become fairly easy.

All business registration forms are downloadable at  or on-sale at the RGD. Register your company in Ghana with ease, by simply following the steps outlined below:

Steps to Registering a Company Limited by shares in Ghana

STEP 1: Conduct a company name search at the Registrar General Department

The possibility of choosing the same name for your business as someone else is quite high. It is therefore very essential that you conduct a name search of your company at the Registrar General’s Department, to ensure that the name is available. Should the name be available, there is a period of thirty days during which the selected name can be reserved, upon request.

The name of your business is key, as it should reflect the nature of your business or at least be relevant to your business activities. The Registrar General’s Department is highly likely to reject any names that sound offensive or too similar to other existing businesses.

STEP 2: Taxpayer Identification Number (TIN) registration for all company directors, secretary and shareholders

Download TIN forms @ . All company directors, secretary and shareholders are required to register and obtain a TIN for the purposes of business registration. Complete TIN forms and attach a copy of photo ID (Drivers, passport bio-data, voters ID). TIN numbers are created within 24 to 48 hours at no charge at any Ghana Revenue Authority office.

TIN numbers can also be created for corporate organizations This situation becomes necessary when the shares of the company being registered are held by a corporate entity. In such a scenario, the corporate organization will obtain a TIN Form for Organizations and dully complete same and attach a letter of introduction. A TIN number will subsequently be created for the corporate shareholder.

All persons or organisations are required to have one TIN number for all their registered businesses; in case you decide to register more than one business entity or you serve as a director on several business organisations. Information required to complete an individual TIN form include;

  • Name
  • Occupation
  • Photo ID details
  • Mother’s maiden name
  • Residential and postal address (Digital/Ghana Post Address of the company)
  • Contact

STEPS 3 : Complete form 3, form 4 and Company Regulations  

These forms can be accessed on and require information such as company name, contact, business objectives, principal place of business, stated capital, postal address, auditor’s details as well as personal details of the director, secretary and shareholders.

Some vital information required to complete the forms includes:

  • Company name
  • Registered address
  • Postal address
  • Principal place of business
  • Business objects or activities
  • Contact
  • auditors’ details
  • Authorized and issued shares
  • Stated capital
  • Shareholding structure
  • Personal details of directors, secretary and shareholders (nationality, date of birth, occupation, residential address)

According to the Companies Act 1963, Act 179, all c0mpanies are required to have at least two initial directors and a secretary during the company registration process. At least one of the company directors or secretaries must be resident in Ghana. After forms are duly completed, the directors, secretary and shareholders have to append their signatures on relevant pages before submission.

STEP 4: Making the required payment:

After filling the forms with the needed details, there is a need to submit the forms at the nearest Registrar General around your region. There are two main statutory fees to be paid and these fees are:

*incorporation and filing fees

* stamp duty: which is 0.5% of the company’s stated capital.

NOTE:  The minimum stated capital for Limited Liability company owned by a Ghanaian is 500 cedis.

STEP 5: Pick up business registration certificates

Upon submission of forms, one should expect to have the process completed in less than a month thus between 2 to 4 weeks, after which the following documents will be issued;

  • Certificate of incorporation
  • Certificate of commencement `               `
  • Form 3 & 4
  • Company regulations

These are the legal documents of proof of company’s existence in Ghana. The documents will indicate clearly the business name, activities, business address, directors’ details, company TIN as well as shareholders information among others. The business certificates can be used for any business transaction or open a corporate bank account with any of the commercial banks in Ghana.

Can a foreign investor start a company in Ghana?

Yes, any foreigner can start a company in Ghana as long as that investor has valid paperwork and right financial backup.

Can a foreign Company open a branch in Ghana?

Yes a foreign company can open a branch in Ghana with 2 options, thus as a Ghanaian company or either as extension of the foreign company.

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Global Business Economy

The global economy can be envisioned as one largely connected portrait of different markets; linked together by the need to transact. However, this need varies amongst communities, sects and ethnicities yet the benefits of transactions differ from individual to individual. Business is one of the many ideologies that bridges in the gap in culture and merges differences between people. Depending on the nature of business, it may require multiple interactions between the parties involved or just a onetime interaction. Knowing that most of the world’s fundamental systems rely directly or indirectly on business for maintenance and proper function makes it safe to acknowledge that business has been a key element of human existence even in prehistoric times.

Business is a blanket term for all beneficial exchanges that are characterized by the interchange of goods and services for money or kind payment, today’s world is gradually coming to the realization that money is a broader term than we envisaged . This blanket term of business when broken down into fundamentals has transactions as a focal point. Therefore so far as transactions occur business will always play a dominant role in the existence of humanity as a race.

Without need for a service or a good a transaction cannot be completed and without someone to supply the needed good or service, it can also not be completed. Business is therefore a means of providing value added solutions to people who are willing and able to appreciate these solutions in cash or kind payment. Now where there could be a course for discussion is determining how valuable the solution is and how much money or kind payment a person is willing to part with to gain the solution.

At certain points in history, humanity realized the need to engage in meaningful exchanges of goods and services produced on a large scale hence the need for states to become industrialized and commercial. With the mindset of maintaining power and influence in their ability to match and meet the demands of other countries. Meaning that the most provident nation could leverage on their ability to provide as a means of controlling the decisions of other nations who were dependent on them. This idea or concept bears similarity to other economic and international trade theories such as the mercantile theory (primarily used as a mean of maintaining wealth and influence back in the sixteenth century. This is a traced path of how business could usurp all other activities and gain control of world power and influence, leaving authority in the hands of the nation that best meets the need of many countries in the world.

Amidst the key elements of the business revolution is the most important member…People… Just as people have changed over the years, the dynamics of business have improved with a number of principled organizations showing obeisance to business ethics.

Time has proven that business should be easier to conduct and should certainly be regulated by a set of rules domestically and internationally that protect the best interests of all parties involved. This in turn makes it easier to regularize and monitor business activities to maintain orderliness in society.

We live in a fast paced business world that gives us the opportunity to conduct business right from the comfort of our homes and also exchange information anywhere across the globe. The world is making continuous strides to expand the scope of business and develop it further into an all-inclusive aspect of life. And limits of business knowledge could only further and further as the days pass.