Official Name: Sierra Leone
Sierra Leonean Leone
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- Helping to prepare your documents
- Start to finish your company registration process
- Immigration services
Sierra Leone, located on the west coast of Africa, has a rich history, diverse culture, developing economy, and a democratic political system. This page provides an overview of these aspects, showcasing the resilience and progress of Sierra Leone.
History: Sierra Leone’s history is deeply intertwined with the transatlantic slave trade and European colonization. The region was a significant hub for slave trading in the 18th and 19th centuries. In 1787, the British established a settlement in Freetown for freed slaves, laying the foundation for the nation. Sierra Leone gained independence from Britain in 1961 and has since experienced periods of political instability and a devastating civil war. However, the country has made significant strides towards peace, stability, and national reconciliation.
Culture: Sierra Leone is known for its rich cultural diversity, with over 18 ethnic groups contributing to the country’s cultural tapestry. Each group has its own traditions, languages, music, and dances. The vibrant sounds of palm-wine music and the energetic moves of traditional dances, such as the “Bondo” and “Sowie,” are integral parts of Sierra Leonean culture. The country also celebrates various festivals, including the colorful “Bintumani” and “Festival of the Arts,” which showcase the talents and heritage of the Sierra Leonean people.
Economy: Sierra Leone’s economy is primarily based on agriculture, mineral resources, and emerging sectors such as tourism and fisheries. The country is rich in natural resources, including diamonds, gold, iron ore, and bauxite. Agriculture plays a vital role, employing a significant portion of the population and producing crops such as rice, cocoa, coffee, and palm oil. The government is actively working to diversify the economy, attract foreign investments, and promote sustainable development.
Politics: Sierra Leone is a democratic republic with a multi-party system. The President, elected by popular vote, serves as the head of state and government. The Parliament represents the legislative branch and ensures checks and balances within the political system. Sierra Leone has made considerable progress in consolidating democratic governance, holding regular elections, and fostering peaceful transitions of power. The government is committed to enhancing good governance, promoting human rights, and combating corruption.
In conclusion, Sierra Leone’s history, culture, economy, and political system showcase the country’s resilience and determination to overcome challenges. The rich cultural heritage and diversity of the Sierra Leonean people contribute to a vibrant society. The nation’s economic potential, from its natural resources to emerging sectors, presents opportunities for growth and development. Sierra Leone’s commitment to democratic governance and stability lays the foundation for progress and the pursuit of a brighter future. Whether exploring its cultural festivals, admiring its natural beauty, or engaging with its welcoming people, Sierra Leone offers a unique and rewarding experience for visitors.
Which organization is the company registration authority in Sierra Leone?
For information on company registration rules, you can contact the Office of the Administrator and Register General (OARG) in Sierra Leone.
Which type of company is most used in ٍSierra Leone?
Limited Liability Company used for all types of services.
What is the corporate income tax?
Do we need a local partner to register a company?
No. All shareholders and directors can be 100% foreign.
What is the minimum capital required to register a company in Sierra Leone?
How long does it take to register a company in Sierra Leone?
About 5 months
How much does it cost to register a company in Sierra Leone?
About 17 thousand dollars
Do we have to have an office and a physical address to register a company?
Yes. Having a physical office is one of the requirements for registering a company in Sierra Leone.
Should company executives or shareholders reside in Sierra Leone?
No. No need to stay.
The benefit of company registration in Sierra Leone
- Company can be register with a shareholder and a director.
- Shareholders and directors can be of any nationality.
- Sierra Leone is politically and economically stable.
- Company registration process between 2 to 4 weeks.
- Customs exemption for access to the large US market under the African Growth and Opportunity Act (AGOA) & the European Union.
- Government incentives such as 3 years of customs exemption for the import of equipment and machinery, 3 years of tax exemption for the employment of workers.
- Government incentives for free zones such as exemption from customs duties on exports and imports, 3 years tax-free.
The disadvantage of company registration in Sierra Leone
- Obtaining the necessary licenses for the company is time consuming.
- $ 2,000 for a work visa for managers and employees.
- A long time of 10 to 16 weeks to obtain a work visa.
- Lack of educated and skilled manpower.
- Widespread corruption in the private and public sectors of Sierra Leone.
Type of company registration
Limited Liability company (LLC)
Public limited company (PLC)
The company registration process
- Submit a company registration application
- Specify the name of the company and check in the Office of the
- Administrator and Register General (OARG)
- Preparation and adjustment of the company’s articles of association, including the approved name, type of company, goals and activities of the company, names of managers, names of shareholders and the amount of their shares, address and telephone number of the company
- Payment of company registration fee
- Opening a company bank account and depositing company capital
- Prepare the seal and logo of the company
- Company registration in the Office of the Administrator and Register General (OARG)
- Obtaining company certification
- Forming a file at the National Revenue Authority (NRA) and obtaining a tax code
- Obtaining work and business licenses
- Forming a company file in the Ministry of Labour and Social Security