Liberian corporate law is generally modeled on US corporate law. Liberian legal entities are governed by the Liberian Associations Law (1977, as amended through 2022), which contains the Business Corporation Act, the Partnership Act, and the Limited Partnership Act, the Not-for-Profit Corporation Act, and the Private Foundation Law. In 2002, the new Electronic Transactions Law and Money Laundering Law were also adopted.
Please check back for all recent updates to Liberian Corporate Law.
OECD, Tax, and Compliance
Liberia is considered to have substantially implemented the internationally agreed tax transparency and information exchange standards.
Liberia is a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes and is White Listed with the Organization for Economic Co-operation and Development (OECD).
The European Union has never placed Liberia on the EU List of Non-Cooperative Tax Jurisdictions.
Liberia has signed the following Tax Information Exchange Agreements (TIEAs) that meet the internationally agreed tax standard:
Australia – (In Force 23 May 2012)
Denmark – (In Force 18 May 2012)
Faroe Islands – (In Force 23 May 2012)
Finland – (In Force 12 June 2012)
France – (In Force 30 December 2011)
Ghana (ECOWAS)
Greenland
Iceland – (In Force 30 December 2012)
India – (In Force 30 March 2012)
Liberia has a Double Taxation Agreement (DTA) with Germany – (In Force 24 April 1975)
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