The Ministry of Trade and Industry has introduced new requirements for business registration in Sierra Leone, affecting both new and existing businesses. These changes are designed to improve transparency, combat fraud, and align with international best practices.
Key updates include:
- Enhanced due diligence requirements for company directors
- Mandatory disclosure of beneficial ownership information
- Streamlined online registration processes
- Stricter compliance requirements for annual filings
For existing businesses, there's a grace period to comply with the new requirements, but it's important to start the process early to avoid any disruptions to your operations. Our corporate law team can help you understand these changes and ensure your business remains compliant.
If you're planning to start a new business, we can guide you through the entire registration process, from choosing the right business structure to completing all necessary documentation. We also provide ongoing corporate legal services to help your business thrive.