Sierra Leone company registration costs for an LLC in Year 1 amount to US$5,200. Average company registration engagement fees approximate US$16,100 including i) company setup ii) opening an account to enable business banking in the country iii) government fees.
Refer to the sample draft invoice below.
|LLC||PLC||Branch office||Rep office|
|Average Engagement costs||US$16,100||US$18,200||US$16,700||US$10,900|
The average Sierra Leone company registration period is 31 weeks as outlined below:
|Engagement planning||2 weeks||3 weeks||2 weeks||2 weeks|
|Company incorporation period||20 weeks||20 weeks||22 weeks||21 weeks|
|Bank account approval||5 weeks||5 weeks||5 weeks||5 weeks|
|Internet banking approval||2 weeks||2 weeks||2 weeks||2 weeks|
|Incorporation completion||1 week||1 week||1 week||1 week|
|Total engagement period||30 weeks||31 weeks||32 weeks||31 weeks|