LIBERIA OFFSHORE COMPANIES (IBC)
BENEFITS
Among the benefits that are specifically enjoyed are the following:
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Liberian IBCs do not have to pay any corporate taxes
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Non-resident Liberian companies do not incur in tax liabilities within the country if the income comes from foreign sources, or if it is not remitted to Liberia
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They do not disclose beneficial owners information
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Only one director is required
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The director can be a natural or legal person
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Only one shareholder is required
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No need to file annual return
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No need to submit accounts
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There are no exchange controls in Liberia
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A company incorporated in Liberia has the same powers as a natural person
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Liberia has double tax agreements with Germany, Sweden, Canada and New Zealand, although they do not extend to Non-Resident companies of Liberia, they may benefit shipping owned by Liberian corporations
