Investment Guide
Overview & Environment
- Government reforms are improving investment conditions.
- Political stability since 2002 supports investor confidence.
- Legal system based on English common law.
- NIB promotes investment and facilitates licensing.
Business Formation & Procedures
- Register with the National Investment Board (NIB).
- Obtain sector-specific licenses (e.g., mining, energy).
- Land is leasehold, up to 99 years for mining/agriculture.
- Incentives include tax holidays and duty exemptions.
Legal & Regulatory Reforms
- Reforms target reducing delays and increasing transparency.
- Contract enforcement and dispute resolution improved.
- Judicial independence is being strengthened.
Hiring in Sierra Leone
- Young, adaptable workforce with rising literacy.
- Employment law aligned with common law, with sector variations.
- Work permits required for expatriates.
- Labor rights include wages, safety, and collective bargaining.
Paying Taxes
- Offers tax holidays, exemptions, and incentives.
- Tax system includes VAT, income, and customs duties.
- Sierra Leone Revenue Authority oversees tax collection.
- Reforms aim to simplify administration and reduce corruption.
Visa Information
- Visas required for entry, available at embassies or borders.
- Types: Tourist, Business, Work, and Residence permits.
- Work permits based on employer sponsorship.
- Bilateral agreements ease travel for investors.