Easy to form and administer Liberia corporation in commercially tested jurisdiction with an established legal system closely affiliated to the US, without international banking restrictions or sanctions attached. Liberia Corporation exempted from income and withholding taxes, does not require annual reporting and audits, limits the shareholder’s personal liability. Corporation is frequently used for maritime purposes and international duty free export to the EU and the US.
RECURRING AND MAINTENANCE FEES AS FROM 2ND YEAR – $950
Please note: If applying for a corporate bank account you will need to order a full set of apostilled company documents when the account is opened outside of Liberia.
Non-resident Liberian entities are not liable for Liberian tax, unless beneficially owned by a person liable to taxation in Liberia, but cannot trade within Liberia or own real estate in Liberia, and cannot undertake banking, insurance, insurance broking or mutual fund business anywhere.
AUDIT AND FINANCIAL RETURNS
There is no requirement to file accounts for any type of Liberian entity. The normal books of record of a legal entity and financial records should be maintained to reflect the entity’s financial status and to satisfy the obligation to disclose information to, for example, the shareholders. The records can be maintained in any location selected by the directors/managers and can be in paper or maintained electronically.
There is a facility to make voluntary filings of directors (certificate of election), officers (certificate of incumbency), minutes, affidavits, bylaws and powers of attorney, where this is required by the corporation, for example to facilitate the opening of bank accounts. Again model documents and instructions are available from LISCR.
Filing requirements for a registered business company include directors, secretary and shareholders, with a requirement to file changes within 30 days and an annual filing (included in the arrangements for payment of the annual tax and fee of $450). All documents filed must be in the English language (or if not in English be accompanied by a certified translation, but both the English and the ‘foreign’ version are filed documents and can be used as official extracts from the Registry) and be properly executed (notarized and apostilled or legalized by a Liberian consul or Special Agent of the Bureau of Maritime Affairs (available at every LISCR office).
OUR SERVICES FOR THE COMPANY FORMATION IN LIBERIA INCLUDE:
- Name check and approval
- Filling incorporation documents with the Registrar of Companies
- Registration Forms
- A standard set of original corporate documents
- Payment of the Government fee
- Provision of registered office one year
- Provision of company secretary and registered agent for one year
- Rubber stamp
DOCUMENTS REQUIRED FOR THE COMPANY FORMATION
Please provide the following documents for all Directors, Shareholders, Beneficial Owners, Authorized Signatories:
- Notarized copy of valid passport.
- Original or Certified copy of utility bill / bank statement (as verification of residential address, dated within 3 months).
- Original or certified copy of Banker’s reference letter (dated within 3 months).
- In cases where shareholders and/or directors are corporate bodies, full apostilled set of corporate documents and Certificate of Good Standing (for companies registered more than 1 year).
RECURRING AND MAINTENANCE FEES AS FROM 2ND YEAR – $ 950
- Provision of registered office and registered address
- Provision of company Secretary & registered agent
- Payment of annual government fee
IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES
If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, Agent Legal will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.
Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.
Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.