Liberia Company - Offshore Company Formation

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Liberia Company - Offshore Company Formation JURISDICTIONS & FEES

• General
• Type of Company : Non-Resident
• Political Stability : Bad
• Standard Authorised Capital : No
• Tax on Offshore Profits : Nil

• Corporate Requirements
• Local Registered Office and Registered Agent Required : Yes
• Minimum Number of Directors / Managers : 1
• Local Directors Required : No
• Corporate Directors Permitted : Yes
• Minimum Number of Shareholders / Members : 1
• Local Shareholders Required : No
• Corporate Shareholders Permitted : Yes
• Company Secretary Required : Yes
• Bearer Shares Allowed : Yes, but not available

• Annual Requirements
• Filing of Annual Return : No
• Submit Audited Accounts : No
• Min. Annual Tax / Licence Fees : US$150
• Shelf Companies Available : No

Liberia - Offshore Company Formation GENERAL INFORMATION

• Liberia INTRODUCTION
  Liberia is situated on the West Coast of Africa and consists a land area of over 43,000 square miles between Sierra Leone, Guinea and the Ivory Coast, just north of the equator.. It has a population of approximately 2.5 million and its capital, Monrovia, is the centre of the country's Government and commercial activities. The Liberian dollar has the same value as the US dollar which freely circulates and there are no currency regulations or exchange controls. The country adopted a new constitution in 1985, following a military coup d'etat in April 1980, and elections for a President and both Houses were held in November 1985.

• Liberia LANGUAGE
• English is the official language of Liberia although there are sixteen indigenous languages, which are used throughout the country.

• Liberia TYPE OF LAW
• Liberian law was based on that of the United States of America and can be found in the Liberian Code of Laws of 1956 Common Law. A dual system of statutory law based on American/Anglo Common Law is used for the modern sector and customary law based on unwritten tribal practices is used for the indigenous sector.

Liberia Company Information

• Liberia Company TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
• Non-Resident Corporation

• Liberia Company TIME TO INCORPORATE
• One Day, but allow ten working days for receipt of documentation.

• Liberia Company RESTRICTIONS ON NAME AND ACTIVITY
• Any name is acceptable for a Liberian company, provided it is not identical to an existing company. The name must include the words "Limited" or "Corporation", but their equivalent in certain languages is permissible.

• Liberia Company CLASSES OF SHARES PERMITTED
• Registered shares, bearer shares, preference shares, redeemable shares, shares with or without a par value and shares with or without voting rights.

• Liberia Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
• No.

• Liberia Company LICENCE FEES
• The annual government licence fee is US$150.

• Liberia Company TAXATION
• Non-Resident Liberian corporations do not incur tax liabilities in Liberia if the income is derived from non-Liberian sources. Liberia has treaties with Germany and Sweden. Although these treaties do not extend to the Liberian Non-Resident Company.

• Liberia Company FINANCIAL STATEMENT REQUIREMENTS
• Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

If you would like further information concerning Liberia Company Incorporation, please contact our professionals and we will provide you with free advisory.

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