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Fees and timelines in 2024

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 types Cost Draft invoice
Tax resident LLC US$17,100 View invoice PDF
PLC US$19,200 View invoice PDF
Branch of a foreign company US$17,700 View invoice PDF
Representative office US$11,900 View invoice PDF

Other fee considerations

Timelines

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

Service LLC PLC Branch Rep Office
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

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