GIPC ACT PDF

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GHANA INVESTMENT PROMOTION CENTRE ACT – (ACT ) . Section – 17 – Application Of Act. This Act does not apply to mining and petroleum. Under the Ghana Investment Promotion Centre Act, (Act ), any enterprise in which there is foreign participation is required to register with the Ghana. Ghana Investment Promotion Centre ACT, Act E-mail ยท Print. Ghana Investment Promotion Centre ACT, Act Click to download full document.

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Republic of Cuba 3-November 3. Section – 30 – Immigrant Quota.

Section – 14 – Annual Report. Ghana is open for business again!

Ghana Investment Promotion Centre ACT, 2013 Act 865

Section – 28 – Guarantee Against Yipc. Section – 40 – Interpretation. Section – 5 – Meetings Of The Board. Section – 6 – Committees Of The Board.

Laws & Regulations โ€“ Ghana Investment Promotion Centre โ€“ GIPC

Any enterprise which desires to avail itself of the incentives provided under section 23 of this Act but whose plant, machinery, equipment or parts thereof are not zero-rated under the Customs Harmonised Commodity and Tariff Code scheduled to gipf Customs, Excise and Preventive Service Law, PNDCL may submit an application for exemption of import duties, sales tax or excise duties on the plant, machinery, equipment or parts at to ach Centre.

The Kingdom of Spain 6-October โ€” The details are indicated in the following tables. Section – 37 – Transitional Provisions. The Swiss Confederation 8-October January 6. The Board may, on the recommendations of the Chief Executive, create such departments in the Centre as it may consider necessary for the efficient discharge of the functions of the Centre.

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Section – 3 – Functions Of The Centre. Subject to this section an enterprise to which this Act applies shall be guaranteed unconditional ac through any authorised dealer bank in freely convertible currency of- a dividends or net profits attributable to the investment; b payments in respect of loan servicing where foreign loan has been obtained; c fees and charges in respect of any technology transfer agreement registered under this Act; and d the remittance of proceeds net of all taxes and other obligations in the event of sale or liquidation of the enterprise or any interest attributable to the investment.

Key Investment related legislation in Ghana includes the following: Section – 26 – Priority Areas. In the words of H. Socialist Republic of Romania September 4.

Damages are compensatory, not punitive, and an Independent Court system ensures equitable protection of rights. Republic of Benin May Laws applicable to the operation of business in Ghana conform to international standards and best practice.

Mediation, arbitration and bipc alternative forms of dispute resolution are readily available and routinely used. Section – 10 – Responsibility For The Centre. Leave a Reply Cancel reply.

Ghana Investment Promotion Centre Act – GhanaLegal – Legal Portal for Ghana

Republic of Guinea May- The Centre shall provide to acct enterprise such assistance and guidance as the enterprise may require and shall act as liaison between the enterprise and relevant government departments, agencies and other public authorities. Section – 25 – Incentives For Special Investments. Section – gpic – Dispute Settlement Procedures. Ghana is a member of the Multilateral Investment Guarantee Agency MIGA of the World Bank, which provides investment guarantees against non-commercial risks for investments in developing countries.

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Section – 18 – Enterprises Reserved For Ghanaians. Section – 36 – Repeals And Saving.

The successful implementation of these several initiatives will create an industrialized economy that creates jobs; a modernized agricultural sector that emphasizes value addition and an integrated business infrastructure that truly cranks up the private sector as the engine of growth. Section – 31 – Assistance To Enterprise. Section – 24 – Exemption Of Non-zero-rated Items.

Laws & Regulations

Doing Business and Applicable Laws in Ghana Laws applicable to the operation of business in Ghana conform to international standards and best practice. The vision and policy direction of the new government is one of hope, jobs, wealth creation, ggipc a robust economy that supports a thriving private sector.

There are also numerous Public sector Gipd, Departments and Agencies as well as private legal, business consulting and accounting firms, which provide expert guidance on doing business in Ghana.