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FAQ


1. Do I need to register my business before I start a business? 

.Ans- Yes.  It is an offence to operate a business without registration . 

2. How do I register a company? 

Ans-You can register a business at the OARG by going through the following processes: 

For Sole Proprietorships/Partnerships 

Conduct Business Name Search

 Fill out a combined business application form

 Pay registration fees

 Obtain certificate and TIN (Tax Identification Number) 

For Companies 

 Conduct Business Name Search

 Submit Statutory Notices of

-      Registered office of the company

-      Share Capital

-      Shareholders declaration

-      List of Directors

-      Consent of Directors to act as Director

-      Memorandum and Article of Association

 Fill out business registration form

 Obtain Certificate and TIN 

3. How long does it take to register a business in Sierra Leone? 

 Ans-1 day 

4. Can I register a company in the Provinces?  

Ans- Yes, you can register a company at the OARG Offices in Bo (1 Fenton Road, Bo)   Makeni (34 Frontier Road, Makeni) and Kenema, (25 Hanga Road, Kenema). 

5. How much does it cost to do a company name Search?  

Ans- Company name search is free of charge. It can be done online or at the OARG. 

6. Can I register a company online?   

Ans- You can register a company online by simply going to our website www.oarg.gov.sl and follow the instructions. Company name search can also be done on our website, except that the applicant has to come to the OARG to make payment. 

7. What additional documents do I need in registering a Business? 

 Ans- A copy of a valid ID card/passport/Driver’s License. You will be expected to produce the original document for verification. 

8. What is the minimum share capital requirement for registering a company?  

Ans- Minimum capital is Le 1,000,000.00 

9. What is the maximum share capital requirement for registering a Company? 

Ans:  No limit 

10. How much does it cost to register a Business?   

 Ans- Go to http://www.oarg.gov.sl/Statutory%20Fee%20for%20Business%20Registration.html       for schedule of fees. 

 11. Do I need to pay any tax in advance?    

Ans- No. You will be issued Tax Identification Number (TIN) as soon as you register a company