Liberia - LLC Company Incorporation
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| Company Type | Time to Incorporate | Cost |
|---|---|---|
| IBC | 1 day | £1260 |
Liberia Key points
- Only 1 day to incorporate
- Cost of incorporation is £1260
- An IBC company requires only 1 director of any nationality
- Only 1 shareholder required of any nationality
- There is no disclosure of director / shareholder information to government or public
- An IBC should conduct business outside of Liberia in order to be exempt from corporation tax
- We provide you with full expert assistance throughout every step of the company formation process
We can incorporate a Liberian LLC in as little as one day. The use of standard articles of incorporation, certificates of formation and other organisational documents facilitate the formation process with the Liberian Registry. In order to incorporate your Liberian LLC, please consider the following aspects:
Your Company Name
Company names may be in any language provided Roman characters are used. When naming a corporation, any standard corporate suffix is acceptable (Inc., Ltd., Corp...). We can reserve your company name in advance of formation for up to 120 days.Your chosen company name must be unique in Liberia and must not sound like any other company name already incorporate. We can check the availability of your company namequickly and free of charge using our company name check facility.
Directors and Shareholders
Liberian corporations require only 1 director and 1 shareholder of any nationaliy. If your company has three or more shareholders, there must be at least three directors. If there are less than three shareholders the number of directors must at least equal the number of shareholders. Any admittance or alteration in the structure from the point of formation must be reflected in the companies records.
Share Structure of the Corporation
Liberian corporations can be incorporated with registered shares and/or bearer shares with the facility to change from one to the other.
- Shares may be of par or no par value.
- Par value shares may be denominated in any currency.
- A standard formation is 500 registered and/or bearer shares without par value or US$50,000 of par value stock.
- If the capital structure is more than 500 Shares without Par Value, or has a total value of more than US$50,000.00, the formation cost will increase due to capitalisation tax.
Business Activity
Corporations often use a provision authorising any business activity permitted by the Business Corporation Act, as an objects clause. Therefore business not requiring a licence from Liberian Government authority can ensue.
Tax status
Liberia non-resident companies are not taxed on income coming from outside Liberia. You need to ensure Liberian residents do not have a significant beneficial interest in your company in order to preserve non-resident status.
Features of a Liberian LLC
- Non resident Liberian entities are not liable for Liberian tax.
- Beneficial ownership does not have to be disclosed to the authorities.
- There is no requirement for a Liberian corporation to file the names of directors or shareholders.
- No obligation requiring Liberian participation in the management of your company.
- There is no requirement to file accounts for any type of Liberian company.