«Offshore incorporations, offshore companies, bank accounts.»

Liberia

The Republic of Liberia, is a country on the west coast of Africa, bordered by Sierra Leone, Guinea, Cote d'Ivoire, and the Atlantic Ocean. Territory ~111,369 square km. Population is approximately 3,44 millions and its official language is English. National currency is Liberian dollar (1 USD = 71,5 LRD). The country is independent since 1986.

Geographic location

Liberia

Corporative legislation The Business Corporations Act Form of company Business Corporations, Limited Liability Companies Authorized business activities All and any activities not prohibited by the law It is recommended to the companies that own vessels, and for marine business Providing of banking, insurance and re-insurance, trust services is subject to special license Prohibited activities Any business activities in territory of Liberia Name of company Should not be identical or confusingly similar on already existing ones The name must contain words Limited, Incorporated or abbreviations S.A., Ltd Taxation Company is exempted from all and any taxes and duties Agreements on exemption from double taxation Germany and Sweden Equity capital of the company Equity capital of the company is declared, there are no requirements about obligatory payment and establishment of the minimal/maximal amount of statute capital Recommended equity capital 50 000 USD Shares Release of registered shares and bearer shares with or without nominal value is allowed Shareholders - Minimum number One, physical or legal entity Directors - minimum number - nationality and citizenship One, physical or legal entity There are no requirements It’s prohibited for shareholder to be the director of the company Officer Minimum three, physical or legal entities Holding of the meeting of directors Is not required Nondisclosure of information about a real company owner The real company owner and shareholders are not registered Register of companies is closed Information at disposal to the third party The memorandum of incorporation and changes in the memorandum, the name of the registration agent and registration office, liquidation On the territory of Liberia there has to be: - registered office - registered agent Required Required Mandatory - informative account - keeping of accounting records - annual account - presentation of auditor's conclusion No No No No Financial year ending on 12 month after registration Term of registration, documents apostillisation 8 working days Registration costs of a company 800EUR/1100EUR Annual support 500EUR/800EUR Possibility to purchase a ready-made company No