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Fees and timelines in 2023

Fees

payment by instalmentSierra Leone company registration costs for an LLC in Year 1 amount to US$5,200. Average company registration engagement fees approximate US$17,100 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.

Different Sierra Leone entity typesCostDraft invoice
Tax resident LLCUS$17,100View invoice PDF
PLCUS$19,200View invoice PDF
Branch of a foreign companyUS$17,700View invoice PDF
Representative officeUS$11,900View invoice PDF

Other fee considerations

Timelines

The average Sierra Leone company registration period is 31 weeks as outlined below:

Service LLC PLCBranchRep Office
Engagement planning2 weeks3 weeks2 weeks2 weeks
Company incorporation period20 weeks20 weeks22 weeks21 weeks
Bank account approval5 weeks5 weeks5 weeks5 weeks
Internet banking approval2 weeks2 weeks2 weeks2 weeks
Incorporation completion1 week1 week1 week1 week
Total engagement period30 weeks31 weeks32 weeks31 weeks

Sierra Leone business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our business registration services in Sierra Leone, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
SLCoC SLOARG CBoSL SLNRA SLSEZ SLIEPA
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