Frequently Asked Questions
Find answers to common questions below:
Table of contents
  • · What is the GO‑FOR‑GOLD program?
· What is the GO‑FOR‑GOLD program?
The GO‑FOR‑GOLD (GFG) program is Sierra Leone’s flagship initiative combining Permanent Residency and Special Naturalization with verified foreign direct investment (FDI) and gold‑backed participation. It represents citizenship by partnership and participation in national development.
· Why was the program initiated?
The Program was created to form part of President Bio’s 2025–2028 vision to attract responsible FDI and build a sustainable investment‑migration ecosystem.
· What makes this program unique in Africa?
It is the first of its kind to link citizenship to active economic participation through a fully digital process, a gold‑backed investment PR option, and integrated company incorporation/corporate bank account establishment.
· Is the program active now?
Yes. Following a six‑month pilot and 13 successful Special Naturalizations – with families - it operates under Section 27(a) of the Citizenship Act while final legislation is being gazetted and promulgated.
· Is the GFG Permanent Residency program enhanced too?
Yes, the class of Special Dependants can now be included in an application for standalone GFG PR at US $ 20,000 per Special Dependant.
· Under what law is citizenship granted?
Section 27(a) of the Sierra Leone Citizenship Act 1973 empowers the President to cause any person to be registered as a citizen, granting discretionary authority for citizenship by exception.
· What legal updates are pending?
Two key measures are the Amendment to the Citizenship Act 1973 introducing a new Section 8(3) and a Second Schedule (d), and the Citizenship (Special Naturalization) Regulation 2025 establishing the process and program details formally.
· What is the Special Naturalisation Protocol?
It is the operative administrative framework under which qualified investors are granted citizenship pending final legislative enactment, confirmed by the Chief Immigration Officer on October 21, 2025.
· Who may apply?
Any nationality other than North Koreans may apply.
· Why include a “+1 Business Partner”?
It reflects real‑world investment behavior where co‑investors act together, encouraging joint ventures and expanded FDI inflows. No proof of prior business partnership relationship is required to qualify for the +1 Business Partner Incentive.
· Are multi‑spouse families accepted?
Yes. The program’s structure accommodates multiple‑spouse families and extended relatives common in various cultures.
· How are funds handled?
All funds are held in escrow with parties licensed in West Africa or Hong Kong until due diligence clearance and issuance of a Letter of Approval by the Chief Immigration Officer.
· What happens if an application is refused?
Funds are refunded from escrow less administrative and due‑diligence costs in accordance with program policy.
· Who conducts due-diligence?
Harod Associates Ltd (UK) - a global investigative firm specializing in CBI/RBI vetting.
· What checks are included?
Identity verification, source‑of‑wealth analysis, sanctions/PEP screening, litigation, criminal checks, corporate records, and OSINT media sweeps.
· How long does due diligence take?
Approximately two weeks per application.
· Why was Harod chosen?
Harod has completed over 2,000 CBI cases with a 15 % high‑risk detection rate and IMC‑certified investigators.
· Is the Application process 100% online?
Yes. The entire workflow, including document certification, section 9 Citizenship Act Declarations and Oath of Allegiance, are managed digitally via Zoom through the Application Hub.
· What are the main stages?
Initial KYC → Document upload → Escrow deposit → Due Diligence → Notarized s.9 Citizenship Act Declaration & Oath of Allegiance → Letter of Approval → Company name choice →Passport / Certificate of Naturalization issuance →Company Incorporation and Corporate Bank Account Opening
· What is the total timeline?
Typically, 30–60 days for Letter of Approval and 60–90 days for Passport / Certificate of Naturalization issuance.
Who signs the citizenship certificate?
The President of Sierra Leone. Interim confirmation is issued by the Chief Immigration Officer.
· Why include a company and bank account?
To ensure every new citizen has an immediate economic footprint and can engage in legitimate trade or investment activity.
· When is the entity and it’s bank account transferred to the applicant?
Upon receipt of the Letter of Approval from the Chief Immigration Officer.
· Which investment sectors are encouraged?
Natural resources, sustainable agriculture, renewable energy, real estate, tourism, and technology infrastructure, public private partnerships
· Will current citizenships remain valid after the new law is enacted?
Yes. All grants under Section 27(a) are fully valid ab initio and confer status pari passu civibus praesentes.
· What effect will the new law have when enacted?
It will codify the process permanently, enshrining Special Naturalisation within the Citizenship Act.
· How is integrity of the program maintained?
Via independent due diligence, escrow fund controls, and government oversight by SLID and the Office of the President.
· Can citizenship be revoked?
Yes, if obtained by fraud, misrepresentation, or concealment of material facts.
· What benefits accrue to Sierra Leone?
A Commonwealth and ECOWAS citizenship, visa‑free access across West Africa, and tangible participation in Sierra Leone’s growth.
· What application process tools are available?
AI Voice and Chat Assistant, secure Application Hub, and Zoom‑based notary verifications.
Is data protection assured?
Yes. The system is GDPR‑aligned and maintains strict confidentiality protocols.
· Why is this Special Naturalisation program different from other CBI, CBM and CBE initiatives?
To the best of our current knowledge, the Sierra Leone GO-FOR-GOLD (GFG) Special Naturalisation Program is the first initiative of its kind in the world to combine legal innovation, economic participation, and digital transformation in the citizenship-by-investment space. Specifically, it:
A. Has been strategically designed and priced to fulfil its founding purpose - to create the practical conditions necessary to attract sustainable foreign direct investment (FDI) into Sierra Leone.
B. Includes a fully incorporated limited-liability company and corporate bank account for every approved applicant, both of which are activated immediately upon issuance of the Letter of Approval by the Chief Immigration Officer.
C. Introduces a “+1 Business Partner Incentive”, allowing a Main Applicant and a designated business partner to each participate at a reduced contribution of USD 85,000 per partner, encouraging genuine co-investment and long-term collaboration.
D. Productizes a “Citizenship by Exception” framework, operating under Section 27(a) of the Citizenship Act pending the forthcoming statutory amendments that will formalize the Special Naturalisation pathway in law.
E. Brings the entire application process online, incorporating AI-powered voice and chat agents that guide applicants and partners contextually throughout each stage of preparation and submission.
F. Provides fully customized and branded Official Partner portals and client-information systems, ensuring a unified global presentation and secure digital workflow.
G. Organizes regular official delegations to Sierra Leone, enabling new and intending citizens to meet senior government officials, explore investment opportunities, and experience first-hand the country’s position as a credible frontier economy for growth and innovation.
H. Allows participants to offset program fees through the purchase of up to 20 kg of physical gold bullion over five years at a 2 % discount to market, reinforcing the gold-backed foundation of the initiative.
I. Has been rigorously market-tested to optimize its specifications, features, and benefits prior to formal programmatic launch - ensuring that its structure meets both investor expectations and national development priorities.
What is the discount for investing in gold as one of the options to qualify for GO-FOR-GOLD Permanent Residency?
Purchase 1 kg at 2% below market to qualify for PR; after 12 months you may bid on up to 19 kg over 4 years at 2% below spot.
How is my investment in gold secured & what happens if there are problems in Sierra Leone or a change of government?
Gold is stored with the Central Bank of Sierra Leone (independent statutory corporation) and insured against loss arising from adverse government change; a portion of national reserves is vaulted offshore to further improve security.
What proof do I get of my ownership of the gold?
You receive a Certificate of Deposit and an Assay Report issued by the relevant statutory agencies.
How can I be sure there are no negative taxation consequences for me becoming a Citizen or Permanent Resident under the GO-FOR-GOLD program?
Sierra Leone taxes are principally source-based. The page cites:
· Income Tax Act, 2000 (Sections 89–91) on source of income, foreign employment income exemption, and foreign tax credits;
· GST Act, 2009 (Section 99) on TINs;
· Notes on self-reporting, audits, capital inflows/outflows, and Tax Residency Certificates via the National Revenue Authority. See the detailed excerpts HERE.
Can I get a passport in Sierra Leone?
Yes—via three GO-FOR-GOLD pathways to Citizenship (and thus a passport):
· Fast Track Naturalization (≈90 days) – requires contributing economically to Sierra Leone.
· Heritage Naturalization (≈60 days) – for those proving African ancestry by specified DNA test.
· Upgrade Naturalization – after obtaining PR via gold investment.
Can I upgrade from Permanent Residency to Citizenship later if this makes sense for me?
Yes—upgrade route is available
Do both Permanent Residency & Citizenship in Sierra Leone automatically qualify me for residency throughout ECOWAS?
Sierra Leonean citizens benefit from ECOWAS protocols including visa-free travel (≈90 days), right of residence, right of establishment, freedom of movement, employment opportunities, access to education/healthcare, customs-union benefits, and regional programs. Member states listed include Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Togo. (Long-stay rules/residence permits may apply per country.)
What exactly is the GFG Club & what value will it add to my Permanent Residency or Citizenship?
An exclusive club for GO-FOR-GOLD PR/Citizenship holders, offering 5-year access to discounted 99.99% bullion purchases (stored in government reserves or available for export), business/government networking, concierge support, incorporation support, curated introductions, and invitations to exclusive events.
What is included in the GO-FOR-GOLD Permanent Residency & Citizenship program fees?
All-inclusive structure covering government contributions, documentation preparation, legal compliance, and official government fees for Passports/PR Cards—designed for transparency with no hidden costs. 3rd Party Due diligence is an additional cost.
What are the 7 key reasons for the introduction of the GO-FOR-GOLD Permanent Residency & Citizenship programs?
1. Modernization of Immigration Services (SLID systems, regional offices, integrated NINs).
2. Strengthening Global Standing (e.g., MoU with Belgium; potential travel facilitation).
3. Pathways with Investment Potential (discounted gold purchases).
4. Sovereign Wealth & Resources (gold/diamonds; intrinsic value beyond visa-free counts).
5. Lessons from Rwanda (narrative shift via resilience/investment).
6. Inclusivity & Diaspora Engagement (HNWI + ancestry).
7. ECOWAS Integration (regional mobility; note regional shifts acknowledged).
What is third-party due diligence?
Independent background screening by Harod Associates to confirm good standing, financial integrity, and eligibility.
Why is due diligence necessary?
To protect program integrity and ensure applicants meet global compliance standards, protecting both applicants and the Government from reputational/legal risks.
Who conducts the due diligence checks?
All checks are conducted by Harod Associates, appointed by GO-FOR-GOLD and approved by the Government of Sierra Leone (GO-FOR-GOLD does not conduct or influence findings).
Who is required to undergo due diligence?
Every applicant over 18.
What information is required for the due diligence process?
The information provided in your application documents (supplied to the third-party provider).
Are the due diligence fees included in the program cost?
No. Fees are paid separately and drawn from escrow; if unsuccessful, DD fees are non-refundable
How much are the due diligence fees?
· US $5,000 for up to 5 applicants
· US $10,000 for 6–10 applicants
· US $900 per additional applicant above 10.
How long does the due diligence process take?
Approximately 2 weeks (by the external provider).
Why is there an incorporated company included?
In line with President Julius Maada Bio’s directive to encourage Foreign Direct Investment, every GO-FOR-GOLD program includes a Sierra Leone-incorporated company with a corporate bank account
Is there an additional cost for the company incorporation?
No. It’s included in the program fee and includes a registered office and a nominee for the first year.
What happens after the first year?
From year two, renewal fees for registered office and nominee services apply at standard rates, USD 2,500 p/a.
Can I choose my own company name?
Yes, subject to availability and Sierra Leone naming rules.
What types of entities can be set up in Sierra Leone?
Sierra Leone allows incorporation of a local company or registration of a branch of a foreign corporation. Both can be done remotely.
How many shareholders are required to open a company?
A minimum of two shareholders (individual or corporate) is required.
How many directors are required?
At least two directors are required; any nationality is allowed, but one must be a Sierra Leone resident aged 40+. Nominees can be provided.
Is a Company Secretary required?
Yes. A Company Secretary is mandatory and can be provided as a service.
Does a company need a registered office in Sierra Leone?
Yes. A registered office address in Sierra Leone is required.
How long does incorporation take?
Corporate documentation generally completes within 5–10 working days.
Can a foreign company open a branch instead of incorporating a subsidiary?
Yes. A branch can be registered by submitting the charter/M&A, resolutions, director list, and a Sierra Leone service address. Registration usually completes within 30 days.
Is capital structure flexible?
Yes. Authorised capital can be arranged freely and increased as needed.
Are beneficial ownership records required?
Yes. Beneficial ownership must be maintained and recorded.
What is the standard corporate income tax rate?
The standard CIT is 25%.
Are there reduced corporate tax rates?
Yes. For manufacturing outside the Weåstern Area, the rate is 15%. CSR projects may receive partial exemptions.
Is there a tax on branch profits?
Yes. Branch profits repatriated abroad attract an additional 10% tax.
What are the withholding tax rates?
Dividends 10%, interest 15%, royalties 25%, contractors 5.5% (resident) / 10.5% (non-resident), rents 10%.
Are dividends between group companies exempt from withholding tax?
Yes. Dividends within resident group companies are WHT-exempt.
What is the GST rate?
The standard GST (VAT) rate is 15%; exports are zero-rated. Digital/e-commerce turnover tax is 1.5%.
Is capital gains tax applicable?
Yes. Capital gains are taxed at 25%, with certain exemptions.
Can profits and capital be freely repatriated?
Yes. Sierra Leone allows free repatriation of after-tax profits and capital. Foreign loans may also be repaid freely if registered.
What are the thin capitalisation rules?
A 3:1 debt-to-equity ratio applies mainly in mining; enforcement elsewhere is limited.
What is the preferred ownership structure for tax efficiency?
A foreign parent company owning a Sierra Leone subsidiary is the recommended structure.
Why is a foreign parent preferred?
Because capital contributions and zero-interest shareholder loans flowing into Sierra Leone are non-taxable, while dividends into Sierra Leone are taxable.
Are capital contributions taxable?
No. Capital contributions are treated as capital and are not taxable in Sierra Leone.
Are dividends received into Sierra Leone taxable?
Yes. Dividends received by a Sierra Leone company form part of taxable income unless relief applies.
Can the foreign shareholder fund the Sierra Leone company through loans?
Yes. Zero-interest shareholder loans are permitted and not taxable.
Is a zero-interest loan taxable in Sierra Leone?
No. Because no interest is charged, there is no taxable income and no withholding tax.
Can a foreign subsidiary lend money upward to its Sierra Leone parent?
Yes. Upward loans are allowed, and if zero-interest, they are not taxable in Sierra Leone.
Is loan principal taxable when received?
No. Loan principal is not treated as income and therefore not taxed.
Is loan principal taxable when repaid?
No. Repayments of principal are not taxed.
Is interest on loans taxable?
Yes. If interest is charged, withholding tax may apply. Zero-interest loans avoid this.
Can a Sierra Leone company earn offshore income?
Yes. Offshore profits can be held offshore and do not need to be booked locally unless repatriated.
Does Sierra Leone tax worldwide income?
Sierra Leone taxes worldwide income only to the extent it is repatriated or booked in Sierra Leone.
What is the most tax-efficient way to extract profits from SL?
Via repayment of shareholder loans (tax-free), not via dividends (which attract 10% WHT).
What happens if the Sierra Leone company must pay dividends?
Dividends paid to a foreign shareholder attract 10% withholding tax.
Can offshore activities be conducted through the SL company?
Yes. SL companies may hold international assets, contracts, and operations..
Is Sierra Leone good as a global profit centre?
It is better used as a structural node rather than the main global profit centre.
Is expert tax advice required before implementation?
Yes. Clients and partners should obtain Sierra Leone local tax/legal advice and foreign-jurisdiction advice.
To open a bank account in Sierra Leone, is a Sierra Leone Tax Number required?
A TIN number certificate or TAX number is required to open a corporate account but it is not required for a personal account.
Do you need a TIN to apply to both Company AND Personal Bank account activations?
No. It applies to only company accounts and not personal accounts.
Is there a cost implications to applying for a tax number in Sierra Leone?
No. There is no official cost applicable, but the process can be slow.
As a director/ shareholder of the included incorporated company, is the new citizen provided with a tax number as a part of this process
Yes. They will be provided a Tax number via company incorporation. process
Is there a minimum net worth requirement for the Special Naturalisation Protocol?
Yes. Each applicant is expected to have an estimated net worth of approximately USD 1 million, from which the applicable program fees may be paid.
Will I be required to submit proof of my net worth at the start of the application?
Why is proof of net worth not required upfront?
The due-diligence process is designed to compile sufficient supporting information from publicly available sources, reducing the need for applicants to provide detailed financial documentation in advance.
How is an applicant’s net worth assessed in practice?
For most qualifying applicants, net worth can be reasonably inferred through structured searches of public records such as company registries, property registers, and other asset databases.
Name Change Option – Cost for a Family
The Legal Change of Name option is priced at USD 10,000 for the main applicant and USD1,000 for each accompanying family applicant..

For a family of three adults (main applicant + spouse + adult child), the total would therefore be USD 13,000.
TRC Option – Annual Renewal Fees
The Tax Residency Certificate (TRC) package includes, in Year 1:
  • Issuance of an official Tax Residency Certificate by the National Revenue Authority (NRA)
  • A minimum USD 1,000 annual tax contribution
  • Administrative processing support
For subsequent years:
  • The minimum annual tax contribution remains USD 1,000 per tax payer, subject to NRA requirements.
  • A service/administration fee applies if you wish us to manage the renewal process.
Renewals are assessed annually in accordance with Sierra Leone’s tax framework, ostensibly to glean if you have become tax resident in Sierra Leone by spending more than 182+ days in country in the relevant tax year.
Tax Residency & Worldwide Taxation
Under Sierra Leone’s Income Tax framework:
  • Tax residents are generally taxable on worldwide income.
  • Non-residents are taxable only on Sierra Leone–source income.
Tax residency is determined by statutory residence tests (including physical presence thresholds and other criteria).
A TRC holder who has no physical presence in Sierra Leone during the tax year and does not meet other residence criteria would generally not be considered tax resident under the standard statutory tests, and therefore would typically only be taxable on Sierra Leone-source income (if any).
Our reference to a “territorial effect” reflects the practical outcome for non-resident TRC holders who do not trigger statutory residence tests. It is not a blanket statutory exemption from worldwide taxation, and we do not represent it as such.
We do not rely on unpublished rulings; we operate within the NRA’s existing legal framework.
“Documentary Substance” (Lease / Utility Bills)
We do not provide artificial or fabricated residential documentation.
The program includes corporate substance (registered office, nominee director/shareholder where applicable) for company compliance purposes.
Personal residential proof (lease agreements, utility bills in your own name) is not included and is not required for citizenship or company incorporation under our framework.
Certificate of No Criminal Conviction (CNCC)
For the GO-FOR-GOLD Fast Track pathway:
  • A police clearance certificate is not a standard document requirement.
  • However, all adult applicants are subject to independent third-party due diligence where criminal background checks are undertaken.
If, in a specific case, authorities request additional documentation, including police clearance, this would be handled accordingly. No direct application to the Hong Kong Police is undertaken unless specifically required by SLID.
HSBC Hong Kong Bank Statement as Proof of Residence
A recent HSBC Hong Kong bank statement showing your residential address (issued within the last six months) is acceptable as proof of current residential address for the main applicant. Utility bills are also acceptable alternatives.
Sierra Leone Company – Costs After First Year
The company incorporation included in the package covers:
  • Incorporation
  • Registered office
  • Nominee services (Year 1)
From Year 2 onward:
  • Annual renewal and maintenance fees apply.
  • If managed through us, the annual service fee is USD 2,500.
  • Clients may independently manage their company in compliance with Sierra Leone law if they prefer.
We do not provide accounting or tax advisory services. Any accounting, tax filing, or banking fees are separate and depend on the service provider chosen.
USD 1,000,000 Net Worth Requirement
The USD 1 million net worth threshold applies to the main applicant only. Dependants (spouse and adult child) are included under the principal applicant’s financial standing and are not required to independently meet the USD 1 million threshold.
Family Nationalities & Confidentiality
French and Chinese nationalities do not create an issue under Sierra Leone law. Sierra Leone does not prohibit dual citizenship under this program. However, applicants are responsible for understanding the nationality laws of their existing countries (e.g., China’s position on dual nationality).
Regarding confidentiality:
  • Applicant data is handled under strict data protection standards.
  • Information is shared only with relevant Sierra Leone authorities and authorized due diligence providers.
  • Disclosure may occur if required by law.
Confidentiality is strong and professionally managed, but no citizenship process can be described as “absolutely confidential” in the sense of being immune from lawful disclosure.
Passports – Biometrics & Validity
Sierra Leone issues biometric-enabled (e-passport) travel documents. Under Sierra Leone Immigration procedures, biometric data capture - including fingerprints - forms part of the passport issuance framework. At present, however, as the Government undertakes a broader national upgrade of its biometric infrastructure, biometric data is not collected as part of the overseas passport issuance process. Biometric enrolment is currently conducted in-country only and is required for the issuance of National Identity Cards and Driver’s Licences. It is anticipated that, in due course, biometric data will again be required for passport issuance. When implemented, biometric enrolment is expected to be facilitated on behalf of the Government of Sierra Leone through a contracted global biometric services provider, offering international collection centres for the convenience of citizens worldwide.
Current passport validity is 5 years.
Company incorporation and certain administrative steps can be handled remotely; biometric passport issuance will require compliance with immigration procedures in force at the time of issuance.
Source of Funds / Source of Wealth Documentation
All applicants are subject to third-party due diligence. While the application includes a declaration of net assets exceeding USD 1 million, supporting documentation may be requested during the due diligence process.
Brokerage statements, bank statements, proof of account ownership, and professional investor certification (as you described) are typically appropriate forms of documentation to support source of wealth and source of funds.
Final sufficiency is determined by the independent due diligence provider.
Can additional documents be requested later in the process?
In some cases, the due-diligence partner may request one or two additional supporting documents to complete a satisfactory due-diligence report. This is the exception rather than the norm.