How To Start A Business in Liberia
How to Start a Business in Liberia - Step by Step Guidelines
Establishing a business in Liberia involves several key steps, overseen primarily by the Liberia Business Registry (LBR). The process is designed to be straightforward for both local and foreign investors.
1. Reserve a Unique Company Name
Begin by reserving your desired company name through the Liberia Business Registry.
2. Prepare and Submit Registration Documents
Gather and submit the necessary documents to register your business.
- Required Documents:
- Registration Form (RF – 001)
- Articles of Incorporation
- Copy of valid ID for each incorporator
- Empowered Person Form (A) or Registered Agent Form (B)
- Incorporator(s) Form (E)
- Shares and Shareholder(s) Form (F)
- Information for Tax Authority Form (Q)
- Fee: Varies based on business type (see LBR fee schedule)
- Duration: 1–2 working days
- Liberia Business Registry
3. Pay Registration Fees
Proceed to the designated bank window to pay the applicable registration fees.
4. Obtain Business Registration Certificate
After payment, submit the proof of payment to the LBR to receive your Business Registration Certificate.
5. Register for Tax Identification Number (TIN)
The LBR will coordinate with the Ministry of Finance to obtain your TIN.
6. Obtain Sector-Specific Licenses (if applicable)
Depending on your business sector, additional licenses may be required.
7. Register with Social Security (if hiring employees)
Employers must register their employees with the National Social Security & Welfare Corporation (NASSCORP).
- Fee: Free
- Duration: 1–2 working days
- NASSCORP
8. For Foreign Investors: Appoint a Registered Agent
Foreign entities must appoint a registered agent in Liberia.
Useful Resources
Disclaimer: This guide is for informational purposes only and may not reflect recent regulatory changes. Investors are advised to consult legal professionals or directly contact the relevant Liberian authorities for accurate and up-to-date guidance.