The Liberian Limited Liability Company (LLC) is an entity designed to provide the limited liability features of a corporation with the operational flexibility of a partnership. The Liberia LLC is a preferred form of entity for holding real estate and other forms of asset investment. The Liberia LLC is not a tax paying entity and any profits or losses are reported on the individual member’s tax return.

Members of a Liberian LLC have the same limited liability protection afforded to shareholders of a corporation.

Key Features Liberia LLC

Liberia LLC

Corporate Details

General

  • Type of Entity

Limited Liability Company

  • Registered Office in Liberia

Yes

  • Shelf company availability

Yes

  • Method of Formation

Filing Articles of Incorporation

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US Dollar is commonly used

  • Standard share Capital

US$50,000 par value or 500 shares without par value

  • Initial Capital Requirements

None

  • Usual authorized

N/A

N/A

  • No-par-value shares allowed

N/A

Director

  • Minimum number

One
(can be a shareholder; can also act as an officer)

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members

  • Minimum number

One

  • Publicly accessible records

No

  • Corporate members allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified
No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

  • Annual License Fee

US$450.00 for a company with a standard capital of US $50,000 par value or 500 shares without par value.

Corporate tax

Non-Resident Liberian corporations do not incur tax liabilities in Liberia if the income is derived from non-Liberian sources, is not remitted to Liberia or not more than 24% of the shareholding is held by persons liable to taxation in Liberia.

Double Taxation Treaty

Liberia has double tax agreements with Germany and Sweden. A treaty with Canada has been signed but is not in effect. A treaty to avoid double taxation on shipping and aircraft income is in force with New Zealand.

These treaties do not extend to the Liberian Non-Resident Company but may benefit shipping owned by Liberian corporations. 

Duration for setting up the company

One business day.

Liberia LLC Distinctive Advantages

  • The entity protects shareholders′ personal assets from creditors. Shareholders′ liability is generally limited to the amount each has invested in the Corporation.
  • Income generated by the LLC does not attach to the entity itself, but flows directly through to its members avoiding the possibility of double taxation at both the entity level and member level.

The Valsen Advantage

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