FREQUENTLY ASKED QUESTIONS
Below are answers to Frequently Asked Question by our general audience, if you need additional help or clarification, please use the Online Chat link available in the bottom right.
What does the Ghana Free Zones Authority do?
The Ghana Free Zones Authority promotes investment through the provision of conducive business environment and attractive incentives.
Where is the Ghana Free Zones Authority located?
The GFZA Head Office is located at 5th Link Road East Cantonment, close to NAFTI Hostel, near American Embassy in Accra. The Free Zone enclaves are located in Tema,Kumasi and Takoradi.
Is there any obligation to have a Ghanaian partner to be able to establish a Free Zone company in Ghana?
No. A free zone company in Ghana can be 100% foreign owned, 100% Ghanaian owned or investors from different countries coming together to form a company or a joint venture between a Ghanaian and a foreigner.
Do Ghanaians also qualify to be in the free zone?
Yes. Ghanaians qualify to be in the free zones only if they can export atleast 70% of their products.
What is the minimum capital requirement needed toinvest in a free zone company?
Free Zone investors do not require any minimum capital investment. However, an investor should be able to show evidence of funding and investors must indicate their ability to fulfill the minimum 70% export requirement.
How does a company become a Free Zone Company? Or what are the procedures to become a free zone company?
Investors are required to go through the following application procedure to obtain a Free Zone license:
a. Incorporate a company in Ghana with the Registrar General’s Department
b. Obtain and complete the GFZA Application Form (US$ 100) and submit with the following:
i. Business Plan
ii. Copy of Certificate of Incorporation
iii. Copy of Certificate to Commence Business
iv. Copy of Company’s code
v. Evidence of possession/lease of real property or intent to acquire such property
vi. MOU with potential clients
vii. Environmental Protection Agency Permit
viii. Evidence of Funding/Capital Transfer
ix. Any other relevant document
c. After completing the application and submitting it with all the necessary and required documents, and upon receipt, GFZA will notify the prospective investor of the status of his/her application for license within 28 working days.
How long does it take to get a Free Zone license?
After completing the application and submitting it with all the necessary and required documents, and upon receipt, GFZA will notify the prospective investor of the status of his/her application for license within 28 working days.
What incentives do licensed free zone companies get?
There are monetary and non-monetary incentives. The monetary incentives offered include:
a. 100% exemption from payment of direct and indirect duties and levies on all imports for production and exports from free zones.
b. 100% exemption from payment of income tax on profits for 10 years which will not exceed 8% thereafter.
c. Total exemption from payment of withholding taxes from dividends arising out of free zone investment.
d. Relief from double taxation for foreign investors and employees where Ghana has a double taxation agreement with the country of the investors or employees.
Non-monetary incentives include:
a. No import licensing requirements.
b. Minimal customs formalities.
c. 100% ownership of shares by any investor – foreign or national in a free zone enterprise is allowed
d. There are no conditions or restrictions on repatriation of dividends or net profit, payments for foreign loan servicing, payments of fees and charges for technology transfer agreements and remittance of proceeds from sale of any interest in a free zone investment.
e. Free Zone investors are permitted to operate foreign currency accounts with banks in Ghana.
f. At least 70% of annual production of goods and services of Free Zone Enterprises must be exported, consequently up to 30% of annual production of goods and services of a free zone enterprise are authorized for sale in the local market.
g. Free Zone investments are also guaranteed against nationalization and expropriation.
Where can a Free Zone company be located?
A Free Zone company can be located either in any of the Export Processing Zones (EPZ) or anywhere in Ghana upon the approval of the Ghana Free Zones Authority (GFZA). In essence, the whole of Ghana is accessible to potential investors who have the opportunity to use the free zones as focal points to produce goods and services for foreign markets.
What sectors can free zone companies invest in?
The following priority sectors have been identified by the Board based on the comparative advantages of the country. These sectors are however not exclusive. Investors can invest in any other sector of their choice with exception of plastic manufacturing, Timber related activities and enterprises engaged in the exploration of extraction of precious metals, gas and crude oil.
a. Agro Food Processing (Fruits, vegetables and coca)
b. Information & Communication Technology (Data processing and transcription, call centers, software development and computer assembling)
c. Textile/Apparel manufacturing (including accessories for garment industry and footwear)
d. Sea Food Processing
e. Jewelry/Handicraft Production
f. Light Industry/Assembling Plant
g. Metal Fabrication
What is the cost involved in obtaining a free zone license?
The GFZA application form costs US$100.00. In addition to the application form fee, the following fees are also paid based on the sector.
a. A Developer’s license fee of US$5,000.00 or its equivalent in Ghana Cedis is charged by the GFZA in the first instance and a renewal fee of US$4,000.00 or its equivalent in Ghana Cedis is paid annually by the Developer.
b. Investors wishing to set up enterprises (for Manufacturing , Commercial or Services activities) will need to obtain the relevant Enterprise License:
c. An Enterprise fee of :
i. US$3,000.00 for Manufacturing
ii. US$4,000.00 for Service
iii. US$10,000.00 for Commercial
or its equivalent in Ghana Cedi is charged by the GFZA in the first instance and a renewal fee of:
i. US$2,500.00 for Manufacturing
ii. US$3,000.00 for Service
iii. US$5,000.00 for Commercial
or its equivalent in Ghana Cedi is paid annually by the Enterprise Operator.
Will a foreign investor be allowed to bring some skilled labors to Ghana to train local staff?
This is allowed only if the said skill that is being brought to Ghana is proven not to be available in Ghana.
Do special labor law apply to Free Zone companies?
No, Free Zones companies are subject to the same labor laws as any other company in Ghana. They enjoy the same rights and privileges as non-free zone companies.
Is the Ghana Free Zones Authority private or public?
Ghana Free Zones Authority is a public agency under the Ministry of Trade and Industry.
Do Free zone companies pay property tax?
Yes, free zone companies pay property tax.
How long has the Ghana Free Zones Authority been in existence?
The Ghana Frees Zones Authority has been in existence since 1995 by an Act of Parliament, Act 1995 LI 1618. The Act was passed in September 1995 and the Secretariat commenced operation in August 1996.
UNDERSTAND THE FREE ZONES AUTHORITY ACT
The GFZA was established on 31st August, 1995 by an Act of Parliament to enable the establishment of free zones in Ghana for the promotion of economic development; to provide for the regulation of activities in free zones and for related purposes.
UNIQUE ADVANTAGES YOU ONLY GET FROM THE FREE Zones Authority
Investors are invited to come to Ghana and allowed our easily and abundant labour force be a source of competitive advantage for you as you explore and develop larger markets for your goods and services.
NEWS & EVENTS
Ghana FREE Zones Authority GETS NEW OFFICE COMPLEX
The Minister of Trade and Industry, Dr. Ekow Spio Garbrah has on behalf of President John Mahama commissioned an office complex for the Ghana Free Zones Authority(GFZA) in Cantonments, Accra.
The Republic of Ghana is located in West Africa and bordered by Côte d'Ivoire (Ivory Coast) to the west, Burkina Faso to the north, Togo to the east and the Gulf of Guinea to the south. The word Ghana means "Warrior King" and derives from the Ghana Empire in pre-colonial times.
The Ghana Free Zones Authority (GFZA) was established on 31st August, 1995 by an Act of Parliament–1995 (Act 504), to enable the establishment of free zones for the promotion of economic development; to provide for the regulation of activities in free zones.
Access a wide range of downloadable content including reports, videos, photos, brochures, articles, speeches and more from the Ghana Free Zones Portal. All downloads require Adobe PDF Reader. If you do not have it installed on your system, please install Adobe Reader.
Click here to access the Ghana Free Zones Authority Annual Reports. All downloads require Adobe PDF Reader. If you do not have it installed on your system, please click the Adobe Logo to download Adobe Reader. For additional information, please contact us here.
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The GFZA Head Office
5th Link Rd, East Cantonments
[Near US Embassy]
Postal Address - P.O.Box M626
+233 302 780535 | 785037
+233 24 2174534
+233 302 780536 | 780537
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GFZA launches new Head Office
The GFZA has unveiled its new Head Office in Accra. See pictures from the event and more here and do not forget to visit anytime you are in the area.
GFZA launches new Website & Portal
The GFZA has just launched its new web portal with features such as online portal access for GFZA Enterprises, Live Chat, Online Business Registration forms for download, social media presence and a whole lot more.
Visit the site and let us know what you think or send in suggestions.