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HONGKONG COMPANY BVI COMPANY USA C USA LLC UK LLP UK UK PRIVATE LIMITED COMPANY DELAWARE CORPORATION NEVADA CORPORATION SINGAPORE COMPANY GERMANY COMPANY CAYMAN ISLANDS COOK ISLANDS BAHAMAS COMPANY PANAMA CORPORATION BERMUDA COMPANY SAMOA COMPANY SEYCHELLES COMPANY NIUE COMPANY MARSHALL ISLANDS MAURITIUS(GBC1) MAURITIUS(GBC2) NIVIS COMPANY BELIZE COMPANY ANGUILLA COMPANY ISLE OF MAN JERSEY COMPANY LIBERIA COMPANY TURKS AND CAICOS VANUATU COMPANY CYPRUS COMPANY GIBRALTAR COMPANY SPAIN COMPANY RUSSIA COMPANY SWITZERLAND SHELF LIST WHAT IS OFFSHORE? USES OF OFFSHORE COMPANIES VIRTUAL OFFICE SERVICES USEFUL LINKS     JURISDICTIONS & FEES Liberia UTRUST Rating * General Type of Company Non-Resident Political Stability Bad Standard Authorised Capital No Tax on Offshore Profits Nil Corporate Requirements Local Registered Office and Registered Agent Required Yes Minimum Number of Directors/Managers 1 Local Directors Required No Corporate Directors Permitted Yes Minimum Number of Shareholders/Members 1 Local Shareholders Required No Corporate Shareholders Permitted Yes Company Secretary Required Yes Bearer Shares Allowed Yes, but not available Annual Requirements Filing of Annual Return No Submit Audited Accounts No Min. Annual Tax / Licence Fees US$150 Shelf Companies Available No GENERAL INFORMATION INTRODUCTION Liberia is situated on the West Coast of Africa and consists a land area of over 43,000 square miles between Sierra Leone, Guinea and the Ivory Coast, just north of the equator.. It has a population of approximately 2.5 million and its capital, Monrovia, is the centre of the country's Government and commercial activities. The Liberian dollar has the same value as the US dollar which freely circulates and there are no currency regulations or exchange controls. The country adopted a new constitution in 1985, following a military coup d'etat in April 1980, and elections for a President and both Houses were held in November 1985. LANGUAGE English is the official language of Liberia although there are sixteen indigenous languages, which are used throughout the country. TYPE OF LAW Liberian law was based on that of the United States of America and can be found in the Liberian Code of Laws of 1956 Common Law. A dual system of statutory law based on American/Anglo Common Law is used for the modern sector and customary law based on unwritten tribal practices is used for the indigenous sector. COMPANY INFORMATION TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT Non-Resident Corporation TIME TO INCORPORATE One Day, but allow ten working days for receipt of documentation. RESTRICTIONS ON NAME AND ACTIVITY Any name is acceptable for a Liberian company, provided it is not identical to an existing company. The name must include the words "Limited" or "Corporation", but their equivalent in certain languages is permissible. CLASSES OF SHARES PERMITTED Registered shares, bearer shares, preference shares, redeemable shares, shares with or without a par value and shares with or without voting rights. DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES No. LICENCE FEES The annual government licence fee is US$150. TAXATION Non-Resident Liberian corporations do not incur tax liabilities in Liberia if the income is derived from non-Liberian sources. Liberia has treaties with Germany and Sweden. Although these treaties do not extend to the Liberian Non-Resident Company. FINANCIAL STATEMENT REQUIREMENTS Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company. Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission. >>TOP

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