Source-cited draft: company formation & entity choice for Sierra Leone (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
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Common entity types
Private company limited by shares, public limited company, company limited by guarantee, unlimited company, sole proprietorship and partnership (business name)Companies Act 2009 (https://www.sierra-leone.org/Laws/2009-05.pdf)
Most common vehicle
Private company limited by shares (Ltd)Companies Act 2009
Minimum share capital
No mandatory statutory minimum for a private company; a nominal share capital is typically used on registration ((approx — confirm))Companies Act 2009
Minimum directors
At least two directorsCompanies Act 2009 (https://www.sierra-leone.org/Laws/2009-05.pdf)
Company secretary
Every company must appoint a company secretaryCompanies Act 2009 (https://www.sierra-leone.org/Laws/2009-05.pdf)
Registration authority
Office of the Administrator and Registrar-General (OARG), FreetownCompanies Act 2009
Incorporation documents
Memorandum and Articles of Association plus prescribed registration forms filed with the OARGCompanies Act 2009
Tax registration
Obtain a Taxpayer Identification Number (TIN) from the NRA after incorporationIncome Tax Act 2000
Social-security registration
Register as an employer with NASSIT before paying staffNational Social Security and Insurance Trust Act 2001
Incorporation timeline
Typically around 1–2 weeks once documents and name reservation are complete ((approx — confirm))Companies Act 2009
Annual return
File an annual return with the OARG and maintain statutory registersCompanies Act 2009
Financial statements
Prepare annual financial statements; audit required depending on size/type of company ((approx — confirm))Companies Act 2009
Local business licence
Obtain an annual business/trade licence from the relevant local council ((approx — confirm))Local Government Act 2004
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
Companies in Sierra Leone are formed under the Companies Act 2009 and registered with the Office of the Administrator and Registrar-General (OARG) in Freetown. The private company limited by shares is the most common vehicle for business.
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Other Sierra Leone computations in the OpenAccountants Tax Library.