Offshore Liberia

Open offshore Liberia

The small African country of Liberia is located in western Africa on the Atlantic Ocean. Capital – Monrovia, monetary unit – liberian dollar. The agricultural state is one of the poorest in Africa and the world.

Nevertheless, Liberia ranks second among offshore jurisdictions in terms of the number of ships registered in the world, and this activity brings half of the income to the state treasury. Pay attention to an important point. An offshore company set up in Liberia can immediately arouse suspicion as a vehicle for money laundering. However, it is not easy to prove this, since the banking system in the country is poorly developed, and accounts are created in other states.

The level of offshore secrecy in Liberia is quite high. Despite the dubious reputation, the state was not included in the "black lists" OECD and FATF. The Ukrainian Cabinet of Ministers included the territory in the lists of offshore zones.

What about avoiding double taxation? the country has an agreement with Sweden and Germany.

Organizational and legal forms of enterprises

1. Limited Liability Company (LLP) – limited liability companies (the most popular form, based on the American model).
2. Limited Partnership (LP) – limited liability partnerships.
3. Corporations.
4. Registered business companies
5. Foreign maritime enterprises.
6. Closed fund companies.
7. Non-profit organizations.

The company name must be unique and contain the following parts: company, corporation, incorporated, limited.

If you want to open or buy a company in Liberia, contact the lawyers of Crystal Tax. After registration, you will receive the following documents:

1. Certificate of registration.
2. Assignment of registered agent.

Features of Liberian offshores

• Company owners can be residents and foreigners, individuals and legal entities.
• Registration with the Ministry of Industry and Commerce is required.
• A meeting of directors and shareholders is permitted anywhere in the world.
• One member and one manager are required to register an LLP.
• LP involves one limited partner and one unlimited partner.
• A corporation can have at least three directors and the same number of shareholders. In addition, it must have a president, treasurer, secretary. These positions can be held by one individual at a time.
• Closed fund companies are created for the purpose of trust ownership of shares of a marine company, and therefore – sea vessel.

Taxes and reporting

Exemption from paying taxes is possible if there is no income in Liberia, and also on the condition that the enterprise does not have real estate and does not engage in prohibited activities. Annual reports and disclosure of assets are not required.

A company incorporated in Liberia may be wound up if the renewal fee is not paid. To restore the organization, it is necessary to pay duties and fines. However, if someone registers a similar name while the company is not on the register, it will not be possible to return the previous name.

You can learn more about all the nuances of opening and buying offshore companies in Liberia during a personal consultation with Crystal Tax employees.