Liberia
FACT FILE
Location Western Africa, bordering the North Atlantic Ocean, between Cote d'Ivoire and Sierra Leone.
Time Zone Greenwich Mean Time (GMT)
Population 4,958,017 (May 2019 est.)
Capital Monrovia
Airport Roberts International Airport (ROB)
Language English (official)
Currency Liberian dollar (LRD)
Dialing Code +231
Centre's Expertise Corporate and Martime Registries since 1948.
Political System Presidential Representative Democratic Republic.
Legal System Mixed legal system of common law (based on Anglo-American law) and customary law. Dual system of statutory law based on American/Anglo Common law for the modern sector and customary law based on unwritten tribal practices for the indigenous sector.
Personal Income Tax None, if the income is derived from non-Liberian sources
Corporate Income Tax None, if the income is derived from non-Liberian sources
Exchange Restrictions None
Tax Treaties Netherlands, UK, Finland, Denmark, Faroe Islands, Greenland, Iceland, Norway, Sweden, Portugal, France, Ghana, Australia, India, South Africa and Poland. Liberia has a Double Taxation Agreement (DTA) with Germany
Permitted Currencies No restrictions
Minimum Authorised Capital None
Minimum Share Issues One
Shelf Companies Available
Incorporation Time Scale One to Three working days
Incorporation Fees USD 713.50
Annual Fees USD 450.00
Minimum Number One
Residency Requirements None
Corporate Directors Permitted
Meetings/Frequency Annually
Disclosure None
Bearer Shares Not Permitted
Minimum Number One
Public Share Registry No
Meetings Frequency Annually
Annual Return No; however, the corporations are required to keep their accounting records internally.
Audit Requirements None
Registered Office The LISCR Trust Company, 80 Broad Street, Monrovia, Liberia
Domicile Issues Free of charge re-domiciliation into Liberia.
Company Naming Restrictions Can be in any language using the Latin alphabet. The Registrar may however require an English translation if a foreign language name is used to satisfy him that the proposed name is not restricted. Cannot be similar or identical to an existing company. Following words are not permitted to be included in the entity's name: Bank, Insurance, School or University.