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PROCEDURE FOR ESTABLISHMENT
SUMMARY Free zone investors do not require any minimum capital investment. However, investors must indicate their ability to fulfill the minimum 70% export requirement. New investors are required
to go through the following steps to obtain a free zone license: Incorporate a company in Ghana with the Registrar-General’s Department and obtain Certificates of Incorporation and Commencement of Business Obtain and complete the GFZB Application Form and submit together with the following documents:
o Business Plan
o Copy of Certificate of Incorporation
o Copy of Certificate to Commence Business
o Copy of Companies Code
o Evidence of possession or lease of real property or intent to acquire such property
o Memorandum of Understanding (MOU) with prospective clients
o Environmental Protection Agency Permit (where necessary)
o Evidence of Funding/Capital Transfer
o Any other relevant document
The GFZB shall notify the applicant of the status of his/her application for License within 28 working days of receipt of complete application
A license specifying authorized activity to be undertaken (i.e. Developer, Manufacturer, Commercial or Service Industry) by applicant shall be issued to the successful applicant. The investor is required to start operations within 6 months of receiving approval to operate as a Free Zone Enterprise/Developer. An initial/renewal license fee shall be paid as follows:
Activity Initial Fee Annual Renewal Fee
Developer US$4,000.00 US$2,400.00
Manufacturing US$2,000.00 US$1,600.00
Service US$3,000.00 US$2,000.00
Commercial US$5,000.00 US$4,000.00
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