Liberia

Liberia

Liberia is a state located in the West Africa on the coast of the Atlantic ocean. It is one of the oldest countries and the first country which has proclaimed its independence in the African continent.

When planning to set up a company in Liberia and open an African bank account, please familiarize yourself with the following:

  • Liberia a member of the IBRD, ICAO, IFAD, ADB, ACP and others;
  • A capital is Monrovia;
  • 2 state languages: Liberian and English;
  • It borders with 3 countries: Côte d'Ivoire, Sierra Leone and Guinea;
  • A currency is liberian dollar (LRD);
  • Liberia is on the OECD white list.

Those, who are intended to open a business in this country, can request for professional personal advice on a company registration procedure in Liberia from YB Case experts.

Read also:
Best BUSINESS DIRECTIONS for a Liberian company

If you want to conduct business in this jurisdiction, we propose you to consider these the most profitable options:

  • Registering a mining company in Liberia (large reserves of iron ore, gold, diamonds, rare earth elements);
  • Setting up a shipping company in Liberia;
  • Opening a Liberian agricultural company (coffee, cocoa);
  • Registering a Liberian production company (raw wood and rubber).
Business entity types and taxation

In order to register a company in Liberia remotely and open a corporate account with a Liberian bank, you can choose the following legal forms:

  • Corporation (LLC);
  • Foreign maritime entity
  • Non-resident LLC
  • LLP
  • Private Foundation.
  • IBC.

Legal form

Corporate tax

Sales tax

Share capital

Corporation

25%

7%

500 000 USD

FME

25%

7%

1 USD

Non-resident LLC

-

-

1 USD

LLP

25%

7%

500 000 USD

Foundation

-

-

10 000 USD

IBC - - no requirements

YB Case specialists recommend you setting up an IBC in Liberia, as it can be the most advantageous solution and it can be set up without a personal visit to Liberia.

Registration requirements

If you decide to open a company in Liberia without a personal visit, you will need the following:

  • One director and shareholder of any nationality;
  • A legal registered address and the registered agent (pay attention to our customers: we provide qualified support services in resolving these issues).

How to start a business in Liberia

You can receive more information about this jurisdiction by asking for qualified advice on business organization process in Liberia from YB Case specialists.

Also, we can provide you with competent assistance in opening a bank account for Liberian IBC and registering the address in Liberia.

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