The Liberia Private Foundation must appoint at least one director and three shareholders, who can be of any nationality. Two of the shareholders must be Individual. The minimum paid up share capital required to complete the incorporation process is US $10000;

Key Features of Liberia Private Foundation

Liberia Private Foundation

Corporate Details

General

  • Type of Entity

Private Foundation

  • Registered Office in Liberia

Yes

  • Shelf company availability

Yes

  • Access to Double Taxation Treaties

No

  • Wholly foreign owned

Limited

  • Minimum Paid-up share capital

US$10,000

  • Tax registration certificate required

Yes

Share capital or equivalent

  • Standard currency

US Dollar is commonly used

  • Initial Capital Requirements

None

  • Usual authorized

N/A

N/A

  • No-par-value shares allowed

N/A

Director

  • Minimum Director required

One

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members

  • Minimum number

Three

  • Local required

No

  • Corporate members allowed

Yes

  • Location of meetings

Anywhere

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file Annual Tax return

No

Tax Treatment

Corporate tax is 25%

Duration for set up the Foundation

Ten weeks.

Distinctive Advantages of Liberia Private Foundation

  • Does not required by the law to submit audited financial statement.
  • It is popular among those who wish to set up an entity to preserve wealth generating activities of a family.

The Valsen Advantages

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