Investment Policy Measures

7 results
Sierra Leone

Sierra Leone

15 Sep 2023

Lifts moratorium on exploration licences

On 15 September 2023, the Ministry of Mines and Mineral Resources issued an official notice to inform the public that it has lifted the moratorium on the issuance of Exploration Licences with immediate effect. The Notice called upon [...]

Sierra Leone

Sierra Leone

20 Apr 2023

Ratifies establishment of Koya Industrial Zone

On 20 April 2023, the Parliament ratified the establishment of the Koya Industrial Zone, a public-private partnership with Arise Integrated Industrial Platforms, a developer and operator of industrial parks with projects throughout [...]

Sierra Leone

Sierra Leone

11 Nov 2022

Provides incentives for export-oriented activities and lifts ban on mineral exploration

On 11 November 2022, the Minister of Finance presented the Government Budget for 2023, which includes several initiatives. Firstly, the budget provides incentives for export-oriented and import-substituting businesses to generate foreign [...]

Sierra Leone

Sierra Leone

14 Jul 2022

Adopts National Investment Board Act, 2022

On 14 July 2022, Sierra Leone adopted a National Investment Board Act that, inter alia, includes new provisions on (i) special incentives, (ii) investor obligations, (iii) investor protection, (iv) transfer of funds and (v) settlement [...]

Sierra Leone

Sierra Leone

11 Jan 2022

Finance Act 2022 reduces the income tax rate for mineral and petroleum operations

On 11 January 2022, the President of Sierra Leone assented to the Finance Act 2022. The Act, which came into effect on 1 January 2022, inter alia reduced the income tax rate for mineral and petroleum operations from 30% to 25% thereby [...]

Sierra Leone

Sierra Leone

18 Dec 2020

Finance Act 2021 introduces various tax changes

The President signed into law the Finance Act 2021, which introduces a number of tax amendments, including: a new digital services tax of 1.5% on the turnover of all digital and electronic transactions; the reduction of the corporate [...]

Sierra Leone

Sierra Leone

01 Jun 2011

Opens special economic zone

Sierra Leone opened West Africa’s first tax-exempt economic zone in May, in another part of the Government’s attempts to make the country more attractive to foreign investment. The First Step Economic Opportunity Zone—a 54-acre site [...]

Number of policy measures per economy (since 01 Jan 2010) 1 94