Liberia

The Republic of Liberia was founded by US immigrants after they returned to their native land. Received the status of a state in 1847, always retained independence. Today the country occupies 111,370 sq. km of the western coast of Africa north of the equator.

In total, about 3 million 266 thousand people live in Liberia. About 300 thousand inhabit the capital Monrovia. English is recognized as the official language, but local dialects are also used, since only 5% of Liberians are of American origin. The official religion is Christianity, Muslims and traditional beliefs of ethnic groups are also practiced.

Among all African states, it was in Liberia that the President was elected for the first time, the work of the Senate, as well as the Lower House of Parliament, was organized. Meanwhile, there is only one political party in the country. The legislature is represented by the bicameral National Assembly. It consists of the Senate (26 people elected for 9 years by popular vote) and the House of Representatives (64 people elected for 6 years by popular vote).

Liberia receives the bulk of its income from the active export of primary goods: timber, iron ore, natural rubber, palm oil, cocoa and coffee. Moreover, the country's merchant fleet is three times larger than in the United States. The export of polished diamonds has also been established, the annual export volume is estimated at 300 million dollars.

The local currency is the Liberian dollar, US dollars are also accepted as official payments. The rates of the two currencies are equivalent.

This offshore jurisdiction attracts company owners from all over the world with its tax exemption, lack of currency controls, favorable investment climate and economic policy aimed at free enterprise.

Advantages

There are no restrictions regarding citizenship, as well as the place of residence of officials in Liberia. Publication of information about the beneficiaries and owners of the company is not provided. Every company must have a president, secretary, treasurer. All three positions can only be held by a natural person.

The shareholders of a Liberian corporation, and there may be one or more, are legal entities and/or individuals. If the number of shareholders is more than three, there must be at least 3 directors. If there are 1-2 shareholders, less than 3 directors are allowed, but not less than the total number of shareholders.

A registered Liberian business company may be limited to one director and shareholder. However, in this case, one person cannot act as a director and secretary at the same time.

A limited liability company in the Republic only needs a single member and one manager. The Liberian Partnership needs two general partners, one with limited liability and the other with unlimited liability.

It is permitted to hold meetings of directors and shareholders, as well as to keep relevant records, in any state.