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.