Fact File

Fact File Supplied By:

Liberian Corporate Registry

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(s)

Roberts International Airport (ROB)

Language

English (official)

Currency

Liberian dollar (LRD)

Political System

Presidential representative democratic republic

International Dialing Code

+231

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.

Centre's Expertise

Corporate and Martime Registries since 1948.

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 Information Exchange agreements

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 issue

One

Shelf companies

Available

Timescale for new entities

1-3 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 entities name: Bank, Insurance, School or University