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Ease of Doing Business in

Liberia

Liberia Download Profile (1734KB, pdf)
Region Sub-Saharan Africa
Income Category Low income
Population 4,503,438
GNI Per Capita (US$) 380
City covered Monrovia

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 174 174
0
41.41 41.53 down
0.12
Starting a Business 37 33 down
4
92.49 92.49
-
Dealing with Construction Permits 175 172 down
3
49.21 49.64 down
0.43
Getting Electricity 177 178 up
1
33.28 33.81 down
0.53
Registering Property 179 179
-
33.62 33.66 down
0.04
Getting Credit 101 97 down
4
45.00 45.00
-
Protecting Minority Investors 179 181 up
2
28.33 28.33
-
Paying Taxes 72 69 down
3
76.07 76.21 down
0.14
Trading across Borders 185 185
-
17.64 17.75 down
0.11
Enforcing Contracts 176 175 down
1
33.92 33.92
-
Resolving Insolvency 168 168
-
4.59 4.54 up
0.05

DB 2017 Rank: 37

DB 2016 Rank: 33

Change in Rank: down4

DB 2017 DTF (% points): 92.49

DB 2016 DTF (% points): 92.49

Change in DTF (% points): 0.00

Standardized Company
Legal form: Private Limited Company
Paid-in minimum capital requirement: LRD 0
City: Monrovia
Indicator Liberia Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 4.0 7.8 4.8
Time – Men (days) info_outline 4.5 27.3 8.3
Cost – Men (% of income per capita) info_outline 16.7 54.0 3.1
Procedure – Women (number) info_outline 4.0 7.9 4.8
Time – Women (days) info_outline 4.5 27.5 8.3
Cost – Women (% of income per capita) info_outline 16.7 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Reserve a unique company name

    Agency: Liberia Business Registry

    The applicant can search the name online or at the Liberian Business Registry (LBR) helpdesk. The reservation of the name costs LRD 1,400 and lasts for 120 days.
    Less than one day (online procedure) LRD 1,400
    * 2

    Register at the Liberia Business Registry

    Agency: Liberia Business Registry

    The entrepreneur submits the company registration application to the Liberia Business Registry (LBR) office. The application must include the following documents:
    Consolidated application for a limited liability company contains:
    1. Registration Form (RF – 001)
    2. Articles of incorporation
    3. Copy of ID documents as attachments to forms A or B
    4. Additional parts:
    - Empowered person form (A) or Registered agent form (B) in case of a company representative
    - Incorporator(s) form (E)
    - Shares and shareholder(s) form (F)
    - Information for TAX authority form (Q)

    LBR officers review the application and request the Tax Identification Number (TIN) and BPS from the Ministry of Finance on behalf of the entrepreneur.
    1 day (simultaneous with previous procedure) no charge
    * 3

    Pay fees and obtain proof of payment

    Agency: Liberia Business Registry (Central Bank window)

    The entrepreneur proceeds to the bank window in order to pay the associated registration fees. Upon payment of the fee, the Bank officer issues a flag receipt of the Government of Liberia as proof of payment. This receipt has to be returned to the initial officer who accepted the application.
    1 day (simultaneous with previous procedure) no charge
    4

    Receive the Business Registration Certificate

    Agency: Liberia Business Registry

    The entrepreneur returns to the Liberia Business Registry office to submit the proof of fee payment. The officer then journalizes the dossier and provides the entrepreneur with the receipt slip, thereby approving the dossier for processing. The entrepreneur can track the status of the application online; and upon approval, the company receives a Business Registration Certificate. The amount of LRD 4,000 is charged for business registration. As of June 27 2012, companies no longer need to pay a fee of LRD 4,200 for the business license.
    2 days LRD 4,000

    * Takes place simultaneously with previous procedure.