In spite of all the investments which followed after the independence in industrialization, infrastructure as well as a series of restructurings, Ghana is still far behind in organization setups and procedures. The country's inability to meet these requirements is largely because of the character and nature of her integration within the international system where she has been assigned the job of exporting primary products, and the consumer of manufactured imported goods through over the liberalization of her economy.

Nevertheless, anyone who wishes to open a business, more specifically a construction company in Ghana, they must jump by way of a plethora of hoops to be able to get it going. Let's take a look-at the method through that you can set up a construction company in Ghana.

Acquire a Tax ID#

Since the year 2012, every entrepreneur must have a TIN in order to start a business. It takes 2 days at max to get a TIN. For anyone who is going to start a construction company in Ghana you must acquire a Tax Id for your business.

Check for the availability of Company Name

Well this one is definitely a no brainer. You need to look into the list of registered construction companies in Ghana and ensure that your particular construction business is not using the exact same name as any of the previously registered companies.

Submit Company Documents to acquire certificate of competency - Discover More Here - http://revistas.usantotomas.edu.co/index.php/index/user/viewPublicProfil... , of Incorporation

After ensuring of the uniqueness of the name, the entrepreneur must come to the customer support office to submit the company documents for registration. Then the applicant may get the prescribed Form A from the bank and submit it back to the bank after filling it. After careful scrutiny the registrar issues the registration certificate along with the original form to be submitted as being an attachment.

The incorporation documents are comprised of the following forms which can be download from http://www.rgd.gov.gh.

Get your Certificate Authenticated

You may need to authenticate your obtained certificate in front of a Commissioner of Oaths.

Obtain Certificate to Commence Business

After getting the company incorporated, all the pending documentation has to be submitted within 28 days. The registrar of companies now registers new companies automatically with the IRS.

Deposit paid-in capital in an account

After all that the following documents are required with the paid-in capital in a bank-account:

Copy of company regulation.

Incorporation Certificate

Certificate to Commence Business

Signatures of Authorized Company Personnel.

Sign up for Business Licenses

Every sort of Business License costs different. Also the accompanying documents vary depending on what category your business falls in. In case you are a construction company in Ghana you must apply for a construction business license.

Get your Work environment Inspected

Being a affordable construction company, your official premises need to be very much up to the mark when it comes to security. Have a workplace visit your premises and report the findings to the RAMA (Review Accountant of the Metropolitan Assembly), who then submits the report to the Revenue Mobilization Subcommittee of the Assembly.