Monrovia
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Liberian dollar
OUR SERVICES;
- Consultation (in person, online, phone)
- Helping to prepare your documents
- Start to finish your company registration process
- Immigration services
Liberia
Liberia, located on the west coast of Africa, has a complex history, diverse culture, challenging economy, and a political landscape marked by progress and setbacks. From its founding as a settlement for freed African-American slaves to periods of political instability and the pursuit of democratic governance, Liberia’s historical journey has influenced its identity and shaped its present circumstances.
Liberia’s history dates back to the early 19th century when the American Colonization Society established a settlement known as “Liberia” as a home for freed African-American slaves. The settlers, known as Americo-Liberians, established a government inspired by the United States and dominated the political landscape for much of Liberia’s early history. Liberia declared its independence in 1847, becoming the first independent republic in Africa.
Liberian culture is a blend of indigenous African traditions and American influences brought by the Americo-Liberians. The country is home to numerous ethnic groups, including the Kpelle, Bassa, and Gio, each with their own languages, customs, and artistic expressions. Music, dance, and storytelling play an essential role in Liberian culture, reflecting the diversity of its people. Traditional mask dances, known as “bush schools,” and the vibrant rhythms of the palm wine music genre are highlights of Liberian cultural heritage.
The Liberian economy faces significant challenges, including a heavy reliance on natural resource exports, limited infrastructure, and high unemployment rates. Historically, the country’s economy was driven by the extraction and export of rubber, iron ore, and timber. However, years of civil conflict and economic mismanagement have hampered economic development. Efforts are being made to diversify the economy, improve infrastructure, and attract foreign investment in sectors such as agriculture, mining, and tourism.
Politically, Liberia has experienced periods of both stability and instability. The country went through two devastating civil wars between 1989 and 2003, resulting in widespread destruction and loss of life. However, since the end of the conflict, Liberia has made significant strides towards democratic governance. Ellen Johnson Sirleaf, Africa’s first female elected head of state, served as the President of Liberia from 2006 to 2018. Liberia continues to strengthen its democratic institutions, promote good governance, and enhance transparency and accountability.
As Liberia looks towards the future, it faces the challenge of consolidating its democratic gains, promoting inclusive economic growth, and addressing social issues such as poverty and inequality. The government is focused on improving education and healthcare services, fostering private sector development, and attracting foreign investment. Liberia also plays an active role in regional and international organizations, such as the Economic Community of West African States (ECOWAS) and the African Union (AU).
The history, culture, economy, and politics of Liberia contribute to its unique character. While the country faces challenges stemming from its past and present circumstances, the resilience of its people and their commitment to democratic governance and development offer hope for a brighter future. Liberia’s rich cultural heritage, natural resources, and potential for economic growth position it as a country with opportunities for progress and positive change.
General Questions
What is the best type of company to operate?
Turnkey company (Fast LLC)
How much is a corporate tax in Liberia?
25%
How much is VAT in Liberia?
7%
How much does it cost to register a company in Liberia?
$ 11500 USD
What is the minimum capital required to register a company?
$ 500,000 USD
Do company executives should travel to Liberia to complete the company registration?
No need.
How long does it take to register a company?
5 months
Is it necessary to have an office physically to register a company?
Yes.
The benefit of company registration in Liberia
- The official language is English, so the companies don’t have problem in communicating.
- Liberia is the 75th easiest country in the world to trade with by the World Bank.
- One shareholder and one manager of any nationality are enough to register a company.
- Shareholders or directors do not need to travel to Liberia to register a company and complete the process.
- The minimum capital required for a limited liability company is only $ 1.
- In Liberia, there is no requirement to disclose the names of shareholders and company directors.
The disadvantage of company registration in Liberia
- Liberian banks are not suitable for international business, so the Liberian economy is based on a cash payment system.
- There is no security in the capital and big cities.
- There is no infrastructure facilities
- there is no suitable transportation
- corruption and bribe
Type of company registration
Corporations (LLC)
Non-resident (LLC)
General and Limited Partnerships
Private Foundations
Foreign Maritime Entities (FMEs)
The company registration process
- Submit a company registration request
- Specify the company name
- Prepare the company’s articles of association, including the company name, type of activity, name of shareholders and number of shareholders, names of managers, address and telephone number of the company.
- Opening a bank account and transferring the company’s capital
- Company registration
- Publish of company registration in the local newspaper
- File company in the tax organization and receiving the tax code
- Prepare stamps and letterheads
- File your case with the Social Security
