Liberia company registration

Liberia company registration

DOING BUSINESS IN LIBERIA

For over a decade, Healy Consultants has been efficiently and effectively assisting our Clients with i) business registration, ii) business licensing, iii) global banking solutions, iv) visa options and staff recruitments strategies and v) workspace rental solutions.

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and disadvantages

    Advantages of Liberia company registration

      business

    1. Liberia is a reputable, unsanctioned jurisdiction and is an ideal way to reserve international profits and legally minimize global tax. It is a well-respected African country whose registry managed by a USA entity:
      • Liberia is ranked as the 37th easiest country to do business by The World Bank;
      • Liberia is a compliant jurisdiction. It was the first African country to achieve Extractive Industries Transparency Initiative (EITI) compliance in 2008 as well as to include timber revenues to EITI. The United Nations also terminated its sanctions regarding traveling, asset freezing list, diamonds and timber;
      • European Union also repealed its sanctions in the past 10 years, related to funds frees, log and timber import, and diamond ban. Additionally, EU remains an active supporter of Liberian social and economic development as well as political dialog partner;
      • Liberia is a white-listed jurisdiction by OECD (Organization for Economic Cooperation and Development) since February, 2011. It is not considered as a ‘tax haven’ or many laundering jurisdiction by The Financial Action Force (FATF) or the Basel Committee’s Offshore Group of Banking Supervisors (OGBS) worldwide, including U.S. Liberian corporate register principles and guidelines are approved by Liberian Registry (LISCR) and OECD;
      • Liberia is popular jurisdiction for holding companies, non-resident corporations and real estate or commercial investments. The corporate register, administrated by LISCR, LLC is a privately owned corporation with regional offices worldwide that provides registered agent services for all non-resident companies. Therefore, no physical presence is required.
    2. Liberia Government requirements for company registry is simple and straightforward. Therefore it is easy and fast for international investors to set up their business in this jurisdiction:
      • Under Liberia company incorporation act, Liberia Corporate Registration requires a minimum of one shareholder, one director and one secretary of any nationality, who can be a natural person or a body corporate;
      • There is no minimum shared capital requirements for Liberia company formation;
      • Liberia Government does not require annual corporate financial statements and tax returns;
      • Liberian government does not have mandatory filing requirements disclosing shareholders’, secretaries’ and directors’ details. Therefore, there is no public register;
      • Liberia company can be incorporated within a week without our Client traveling to this country. Liberia Corporate Register Incorporations have been used worldwide for over 50 years and is one of the oldest global offshore corporate service industry.

    Disadvantages of Liberia company registration

    1. Total tax paid by Liberian full resident companies can be very high:
      • Corporate tax in Liberia can reach up to 47.8% if corporate structure is poorly planned. Liberia is ranked as the 118th easiest country for paying taxes by The World Bank Organization.
    2. Doing business in Liberia in certain industries could be difficult for foreigners because:
      • Even though this jurisdiction is not blacklisted, Liberian economy is still cash-based. US$ are considered as a legal tender and Liberia can be perceived as a facilitator of the US$ currency laundering;
      • Banking in Liberia is not a suitable option for international businessmen, instead Healy Consultants will be pleased to open a multicurrency international corporate bank account without our Client travel. To date, we enjoy a 100% approval record because of our global banking relationships and determination with global banks.
  • Best uses for a Liberian company

    1. Non resident entity: Liberia is a good place to form a non-resident entity, which can be used to trade products and services with African customers, free of any tax payable in Liberia;
    2. Shipping company: Liberia is a great jurisdiction to register a shipping company or for trading by sea. The Liberian International Ship and Corporate Register, administrated by Liberian Corporate Registry is ranked as the world’s second largest merchant fleet by the International Maritime Organization (IMO). It has a very extensive Quality Ship Register approved by U.S., Paris and Tokyo marine control authorities. In addition to its regional offices in the major maritime centers of the world, the Liberian Registry is also supported by a worldwide network of more than 400 Nautical Inspectors and Auditors.

Company registration

  • Time to incorporate: One week
  • Cost to set up: US$6430
  • Minimum capital: US$1
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 0%
  • Corporate tax base: Territorial
  • Shelf companies: Yes
  • Main company type: LBS

Contact us

For additional information on our company registration services in Liberia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Zhang Yi, directly:
client relationship officer - Zhang Yi
central bank of LiberiaMinistry of commerce and industryMinistry of finance development planningLiberia chamber of commerceLiberia national investment commissionliscr