At Foster Swiss we will advise you in the best way to register your company abroad. The main facility we have of setting up a company in Sierra Leone is that it can be created with a director and a shareholder and you do not need to pay initial capital. In addition, there is no nationality or residence requirement for directors or shareholders.

Sierra Leone is a politically and economically stable country with significant economic potential attractive to foreign investors. The government of Sierra Leone recently reduced the number of procedures for starting a business, thus shortening the registration period to at least 2 weeks.

Entrepreneurs looking to establish their businesses in Sierra Leone will benefit from bilateral trade agreements between Sierra Leone and other countries and enjoy duty-free access to larger markets such as the United States under the African Growth and Opportunity Act (AGOA) treaty and the European Union through the Everything but Arms (EBA) treaty.

Some of the incentives offered by the Sierra Leone government to foreign entrepreneurs include 3-year exemption from the import tariff for the import of plants, equipment and machinery, as well as a 3-year tax exemption for foreign employees when bilateral agreements apply.

Entrepreneurs registering their businesses in Sierra Leone's Special Economic Zone (SEZ) will enjoy incentives including exemption from import and export duties, 3 years of exemption from corporate income tax, expedited government processes such as location registration, immigration and customs services.

Although the duration of opening a business in Sierra Leone has been significantly reduced to about 2 to 4 weeks, the process of obtaining business licenses remains long and constitutes a major impediment to investment. Each company must obtain a general business license and an additional industry-specific license for its intended operations.

With Foster Swiss international consultant with presence in more than 130 jurisdictions in the world on 5 continents, it advises and supports its clients in their purpose of expansion, and accompanies throughout the process and in each of the procedures such as obtaining for foreign investors work permits, as well as residence permits issued by the Ministry of Labor of Sierra Leone.

For more information on this topic or any requirement related to our services, you can contact directly through info@fosterswiss.com