Fees and timelines in 2021
Sierra 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|
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|