A New Official Partner Program For Single Applicants
Simplify your pipeline - Lower cost. Streamlined process. Maximum impact.
How the Single Applicant Program Works
Expedited Onboarding Through Frictionless Process.
Same Reliable Timeline.
- Lower Program Fee: USD 100k entry for a single applicant. Standard USD 5k for Due Diligence.
- KYC & DD Upfront: Applicants complete KYC and Due Diligence early to speed processing time to approval.
- Funds Ready: Applicants must have funds available before application, and be ready to place into escrow on clearance through due diligence.
- Notary Service: In order to streamline the process and reduce courier timelines use of our complementary certification service is required.
- Passport Application: Forms are completed in advance, on anticipation of approval.
- Stable Commission: 15% on program fee and additional concierge services
- Incorporated Company: Each applicant is provided a company incorporated in Sierra Leone, with a corporate bank account.
- Processing Time: Once we have paired your applicant with a second applicant in this program, your application moves through a now-expedited timeframe. This is achieved because funds are in escrow, due diligence, certification, and passport application forms are already complete. The only potential delay is us finding the match.
GO-FOR-GOLD Back-Of-House Process / Logic
- Program available to a small, selected group of official partners for beta-testing. (I suggest Daniel, Jennifer, Citizen X and Passportivity). This program is not available for direct applicants.
- Partner applies for S.A.P through built-for-purpose portal, with application process sequence configured for speed.
- Process as follows:
- Partner Applies on behalf of client, and uploads passport
- Passport sent for regular KYC
- KYC approval automatically triggers Due Diligence Invoice, and opens 'main applicant and upload stages'
- Partner uploads Proof of Payment of Due Diligence Invoice. Partner completes forms.
- On completion of forms, notary receives document pack, arranges in-person certification session. Notary sends hard copies to Sierra Leone
- Case officer uploads details to Harods. Due Diligence process begins.
- Case Officer completes passport application form on behalf of applicant - couriers to official partner to get signature from applicant. Partner returns same to Sierra Leone.
- Due Diligence report uploaded. Client receives ESCROW agreement.
- Client signs ESCROW, and uploads Proof of Payment.
- Applicant selects Company Names.
- APPLICATION HELD AT THIS STAGE UNTIL SECOND S.A.P APPLICATION IS IN PROCESS
- Process repeated for EVERY S.A.P.
- Case officer (via Sierra Leone) compiles applications for submission.
- Sierra Leone completes Passport Submission on approval by CIO.
GO-FOR-GOLD Revenue Upside and Costs
Revenue:
- USD 100k per applicant. USD 5k For Due Diligence per applicant (invoiced in advance - we ask Harods for a reduced fee for this program - it is USD 5k for a Main Applicant and +1 Currently)
- TOTAL USD 205k per "Application" - Currently it is USD 170k
- USD 205k includes service fee we charge for DD
Costs:
- Due Diligence - no costs to company - 5k outgoing for the pair
- Commission - USD 30k per "application" (not per applicant - so each partner gets USD 15k)
- Fee to Sierra Leone - As per current arrangement of Main Applicant
- Additional Company Incorporation / Corporate Bank Account through Aziz
Back of Envelope Calculation (not including Sierra Leone fees):
Revenue: USD 210k
Less:
Due Diligence: USD 5k
Commission: USD 30k
Gross Profit: USD 175k ……Current Gross Profit on Same Main Applicant and +1: USD 150k
Less: Sierra Leone Fee
Less: Additional Company Incorporation fee