Liberia is to be found on the west coast of Africa, bounded by Sierra Leone, Guinea and Ivory Coast. It has a population of about 3.5 million and the capital is Monrovia. The language is English and the currency the Liberian dollar. The U.S. dollar is also widely used.
The Liberian offshore company has been in use for many years and is probably best known for its use in shipping operations, Liberia being a major flag of convenience.
An offshore company must be at least 75% owned by non-residents and it must not engage in business in Liberia. It must be formed through a government owned international trust company and have a registered agent in Liberia. Other than this there is no requirement for any officer to be a Liberian resident and all of the records may be held outside of the country.
| Liberia offshore company regulations |
| Type of entity |
Non-Resident |
| Type of law |
Common |
| Corporate taxation |
Nil |
| Double taxation treaties available |
Germany and Sweden |
| Share Capital |
| Usual currency |
U.S.$ |
| Permitted currencies |
U.S.$ |
| Minimum paid up |
$1 |
| Usual authorised |
$50,000 |
| Directors |
| Minimum number |
1 |
| Local resident required |
No |
| Records publicly available |
No |
| Corporate Director allowed |
Yes |
| Shareholders / Members |
| Minimum number |
1 |
| Records publicly available |
No |
| Location of Meetings |
Anywhere |
| Company Secretary |
| Required |
Yes |
| Local or qualified |
No |
| Accounts |
| Required |
No |
| Audit required |
N/A |
| Filing required |
N/A |
| Publicly available |
N/A |
| Other |
| Annual return required |
No |
| Change of domicile permitted |
Yes |
| Shelf companies available |
No |
| Time to incorporate shelf co |
N/A |
| Time to incorporate new co |
3-5 working days |
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