The non Liberian entity may register an entity in Liberia so as to own and operate a ship flying a Liberian flag.

The minimum paid up share capital required to complete the incorporation process is US $1.

As a statutory requirement an FME must appoint the LISCR Trust company as registered agent in Liberia.

A Liberian foreign maritime entity is not required by law to annual audited.

Key Features of Liberia Foreign Maritime Entities (FMEs)

Liberia Foreign Maritime Entities (FMEs)

Corporate Details

General

  • Type of Entity

Foreign Maritime Entities (FMEs)

  • Registered Office in Liberia

Yes

  • Shelf company availability

Yes

  • Access to Double Taxation Treaties

No

  • Wholly foreign owned

Yes

  • Tax registration certificate required

Yes

  • Tax Identification Code

Yes

Share capital or equivalent

  • Standard currency

Liberian Dollar is commonly used

  • Minimum Paid up share capital

US $1

  • Usual authorized

N/A

N/A

  • No-par-value shares allowed

N/A

Director

  • Minimum Director required

One

  • Local required

No

Members

  • Minimum number

One

  • Local required

No

  • Corporate members allowed

Yes

  • Location of meetings

Anywhere

  • Company secretary allowed

Yes

Accounts

  • Requirements to prepare

Yes

  • Requirements to file Annual Tax return

No

Tax treatment

Corporate tax is 25%

Duration for set up of the company

Six weeks.

Advantages of Liberia Foreign Maritime Entities (FMEs)

  • Does not required by the law to submit audited financial statement.
  • No requirements to file annual Tax return.

The Valsen Advantages

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.