In the following article, Why Liberia Now?, Hilary Spilkin, Managing Director of the Liberian Corporate Registry, highlights the advantages of incorporating in Liberia.
For those who remember Liberia as an offshore jurisdiction, there is no better time than now to metaphorically revisit the jurisdiction. Liberia is a premier corporate jurisdiction that is still going strong after more than 65 years of providing corporate services to the world’s financial and investment communities. The longevity of the Registry can be attributed to its ability to provide a variety of quality services, at a relatively economical rate, in an evolving business sector. For those who are not familiar with Liberia as an offshore jurisdiction, I would like to introduce you to one of the oldest providers of corporate registry services. The Liberian Associations Law, generally modeled on the corporate law of the U.S. State of Delaware, allows for the formation of Corporations, Limited Liability Companies (LLCs), Private Foundations and Limited Partnerships.
When facing the challenging decision as to which jurisdiction best satisfies your clients’ interests, you will immediately recognize that Liberia meets the majority of your prerequisites.
10 REASONS – WHY LIBERIA NOW:
2. LIBERIA is not a banking and financial center.
3. LIBERIA is not considered a ‘tax haven’ by many international communities
• LIBERIA is not considered a tax haven by the United States.
• LIBERIA is not listed on the U.S. Department of State’s 2012 International Narcotics Control Strategy Report (INCSR) as a jurisdiction of prime concern for money laundering, whereas many similar jurisdictions cannot make a similar claim.
5. LIBERIA’S non‐resident corporate registry is administered by a US‐based, privately owned corporation, LISCR, LLC, with regional offices located worldwide.
6. LIBERIA provides one exclusive registered agent, The LISCR Trust Company, for service of process for all non‐resident business entities.
7. LIBERIA does not require filings of the names of directors, officers, shareholders or minutes in the Public Register. However, Corporations may voluntarily file corporate information if it is required to be publicly available, or they may privately record corporate information with the Registered Agent, and such information will not be available to the public.
8. LIBERIA offers same‐day incorporations as a standard option.
9. LIBERIA adopted the Electronic Transactions Law in 2002, enabling entities to conduct international business using electronic communications and transactions. This development paved the way for Liberia’s use of an electronic Register, a secure, web‐accessible data network, which facilitates the prompt and efficient formation of entities and the filing and issuance of documents from its worldwide network of offices – 24 hours a day, 7 days a week.
10. LIBERIA’S registered corporate clients have access to eCorp©, a web‐based application providing online access to the Registry to form new corporations and manage existing corporations, obtain
Certificates of Incorporation and Certificates of Goodstanding, reserve names for new corporations, generate and review statements of account and pay fees.
For all of your future corporate needs, choose LIBERIA — you won’t be disappointed.