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Registering a business

The Liberia Business Registry: A One-Stop Shop for Business Registration

An entity will have to be registered with the Liberia Business Registry in order to commence business activities in Liberia.

The process of registration of a business has now been reduced to the following:

  1. An applicant submits an application to register the business, provides the required documents, and pays the required fee. All information relating to fees can be found at the Registry website: www.lbr.gov.lr;
  2. An applicant who receives approval from the Liberia Business Registry will be issued a Business Registration Certificate.

There are 4 categories of registered businesses:

  • Corporation (including limited liability companies);
  • Partnership;
  • Sole proprietorship;
  • Petty trade

Forms Applicants should obtain a blank business registration form from the Liberia Business Registry (LBR). The form should be completed and submitted along with the relevant documents to the LBR (see table below).  Articles of incorporation can also be done at the LBR.

No.

Category of Business

Required Document

1.

Corporation*

Articles of Incorporation & Official Revenue Receipt

2.

Partnership

Partnership Agreement, Articles of Incorporation, a national identification document, and a passport-sized photograph

3.

Sole Proprietorship

Official Revenue Receipt, Notary Certificate, a national identification document, and a passport-sized photograph

4.

Petty Trade

A national identification document, and a passport-sized photograph

Table 1.1: Types of Business
* Non-profit organizations (whether incorporated overseas or in Liberia) must be registered as a corporation

 

Fee Structure for Business Registration

The following application fees are payable at the Liberia Business Registry:

Operation

Fee for Liberian nationals, in L$

Fee for Foreign nationals, in US$

1. Name Reservation

New registration: Name reservation for 120 days

1400

20

Amendment: Name reservation extension for 120 days

1400

20

2.  Sole Proprietorship

New registration

2000

700

Amendment: Renewal

2000

700

Amendment: Change of particulars

500

20

Amendment: Dissolution

500

20

Amendment: Rescission of dissolution

500

20

3.  Limited Liability Company / Business Corporation / Foreign corporation / Not – For – Profit Foreign Corporation

New registration

4000

900

New registration (consolidation)

4000

900

Articles of incorporation without par value (100 shares)

1400

20

Articles of incorporation without par value (500 shares)

7000

100

Articles of incorporation without par value (1000 shares)

14000

200

Application for Authority to operate or do business in Liberia filing fee (applicable to Foreign corporations / Not – For – Profit Foreign Corporation)

-

500

Amendment: Renewal

4000

900

Amendment: Change of particulars

1000

50

Amendment: Dissolution

1000

50

Amendment: Merger

1000

50

Amendment: Re-domiciliation

4000

900

Amendment: Re-registration

4000

900

Amendment: Rescission of dissolution

1000

50

4.  Branch / Subsidiary for Limited Liability Company / Business Corporation

New registration

2000

450

Amendment: Change of particulars

750

20

Amendment: Dissolution

750

20

Amendment: Renewal

2000

450

5.  Partnership / Limited Partnership

New registration: Partnership

3000

800

New registration (consolidation): Partnership

3000

800

Articles of incorporation

Free

free

Amendment: Renewal

3000

Amendment: Change of particulars

400

20

Amendment: Dissolution

400

20

Amendment: Merger

400

20

Amendment: Re-domiciliation

400

20

Amendment: Re-registration

3000

800

Amendment: Rescission of dissolution

400

20

6.  Branch / Subsidiary for Partnership / Limited Partnership

New registration

1500

3400

Amendment: Change of particulars

400

20

Amendment: Dissolution

400

20

Amendment: Renewal

1500

400

7.  Not for profit corporation / Trust / Foundation

New registration

3500

400

New registration (consolidation):

3500

400

Articles of incorporation

3500

50

Amendment: Renewal

3500

400

Amendment: Change of particulars

1000

30

Amendment: Dissolution

1000

30

Amendment: Merger

1000

30

Amendment: Re-domiciliation

1000

30

Amendment: Re-registration

3500

400

Amendment: Rescission of dissolution

1000

30

8.  Branch / Subsidiary for Not for Profit Corporation /Trust / Foundation

New registration

1750

200

Amendment: Change of particulars

500

15

Amendment: Dissolution

500

15

Amendment: Renewal

1750

200

9.  Information Services

Information services: online account granting

free

free

Information services: certified copy of certificate

first year free,
after first year: 500

first year free,
after first year: 20

Information services: certified copy of full information

first year free,
after first year: 500

first year free,
after first year: 20

Information services: certified copy of report

first year free,
after first year: 500

first year free,
after first year: 20

10.        Penalties for Late Renewal

Sole proprietorship

500

175

Limited liability company / Business corporations

1000

225

Branch / subsidiary for Limited liability company / Business corporations

500

115

Partnership / Limited partnership

750

200

Branch/subsidiary for Partnership / Limited partnership

375

100

Not for profit corporation / Trust / Foundation

875

100

Branch/subsidiary for Not for profit corporation / Trust / Foundation

440

50

* Table 2.1: LBR Fees, Source: Liberia Business Registry, www.lbr.gov.lr

Pre-authorization

Businesses are responsible for obtaining approval from applicable sector ministries prior to beginning operations. Depending on the sector, the Ministries of Health, Gender, Agriculture, Finance and Development Planning, Justice, Public Works, and the Ministry of Land, Mines, and Energy can be responsible for granting approval to sectoral activities. Other agencies granting sectoral approval are the Central Bank of Liberia, Environmental Protection Agency, Forestry Development Authority, Liberia Maritime Authority, Liberia Produce Marketing Corporation, Liberia Petroleum Refinery Company, and Liberia Medicines, and Health Products Regulatory Authority. For example, a transport business would need to seek approval from the Ministry of Transport.

Validity of registration  

Business registrations are valid for a period of 12 months. Failure to register or maintain registration validity while carrying on commercial activities in Liberia may result in the levying of fines and/or penalties.


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