Step by Step Guide to Incorporating in Liberia Select Your Company Name. Most importantly, follow local, regional and international laws. Ensure that your products meet the international food safety guidelines for the country are selling in. If looking to export food, contact the local food safety lab and Chamber of Commerce for help. Palm oil is one of the most widely used oil products. Part 2. What follows is a sampling of some of the legal concerns you may want to address with your attorney before you start your business. Be good to your customers and they will, in turn, be good to you. The restaurant business in Liberia and many other places around the world is one of the most lucrative ventures to start up. Equally so, you can learn from the marketeers you oblige us when we ask for “dash.” Let your customers know that you appreciate them. Investing in Liberia. is distinguishable from the name of any other business … He started his first business venture as a street vendor with capital of just $200, but two decades later Fomba Trawally has become one of Liberia’s most prominent entrepreneurs. For foreign citizens who want to live permanently in the United States. Monrovia, a City for your Business. Small Business Development Centers (SBDCs) are partnerships primarily between the government and colleges/universities administered by the Small Business Administration and aims at giving educational services for small business owners and aspiring entrepreneurs. Franchising is not a popular business model in Liberia partly because the concept is unfamiliar in the country’s business culture, and it is difficult for local entrepreneurs to secure start-up capital. To start a business in Liberia, one has to complete five bureaucratic procedures that take a total of 20 days at a total cost of only $86, with no minimum capital required by the government for the start-up. Contact your local U.S. It would be imprudent to attempt to enter the market without doing thorough market research on Liberia to become familiar with the business environment, as well as the legal and regulatory framework. … Needless to say, these are very benign conditions for outsiders seeking to start a business in Liberia… More information on the FCPA can be found here:  http://www.fcpa.us/. When naming a corporation, any standard corporate … Palm Oil Supplier. Note: Online … Time: 1 day. This is an old tried and tested business. Add us to your mailing lists – we are always happy to stay informed. In this section, you’ll find a quick description of Liberia as an export market and some suggestions for getting started. Step 3: Receive the Business Registration Certificate. The entity from which you purchase the franchise, known as … There are several ways of doing business in Liberia, the most common being the setting up of a corporation. Liberia presents huge opportunities in the agriculture and food industry sector, mainly in the production of rice, cassava, oil palm, vegetables and fruits, etc… Joint Statement on the December 8 Mid-Term Elections in Liberia, Joint Statement on Election Violence in Liberia. This is a particularly niche business, but it’s one with low startup costs … Contact in-country business support organizations such as the Liberia Chamber of Commerce: http://www.lcclr.org/. Not only do opinions provide the requesting party with a rebuttable presumption that the conduct does not violate the FCPA, but DOJ publishes past opinions which can provide guidance for other companies facing similar situations. Here are a few steps you can take to keep the channels of communication open: In this section you will find information on business visas, travel advisories, and anti-corruption tools. Demonstation Alert: U.S. Embassy Monrovia, Travel Advisory: Liberia – Level 3: Reconsider Travel, Study Shows Health of Ebola Survivors in Liberia Has Improved: One-year results from PREVAIL 3 published in the New England Journal of Medicine, Liberia Expands Large-Scale Ebola Vaccine Study, Security Message for U.S. Citizens: Confirmed Cases of Ebola Virus Disease, Security Messages for U.S. Citizens: Confirmed Case of Ebola Virus Disease in Liberia, Message from Chargé d’Affaires Alyson Grunder, A Message from Chargé d’Affaires Alyson Grunder. While there are talented individuals available to hire, many lack the expertise and experience required to help build, sustain and operate a business … It is used in food products as … Learn more about quality higher-education opportunities in the U.S. that you will not find anywhere else in the world. Find the closest American Space in Liberia where you can connect with the U.S. U.S. embassies are committed to supporting U.S. companies to start exporting or grow their exports to Liberia. Log in, « 4 Self-Care Rituals You Can Work Into Your Busy Day, 10 Ways To Improve How You Care For Yourself ». Within 30 days of receiving a description of a proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA. Potential investors may wish to refer to the websites for Liberia’s National Investment Commission (https://www.investliberia.gov.lr/) the Ministry of Commerce and Industry (www.moci.gov.lr) and the Liberia Business Registry (http://www.doingbusiness.org/data/exploreeconomies/liberia/starting-a-business) for more detailed information and guidance. A party to a transaction seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure established by the statue. Register your business. In this video, Prince Michael show you How to start business with no money in Liberia and other african countries. Contact a Trade Specialist Near You (http://export.gov/eac/index.asp). Oscar Williams & The Band of Life “Rock Liberia” in Celebration of Black History Month! Contact the U.S. Embassy – If you are planning a … E-mail: Monrovia-commerce@state.gov. The statute also requires companies publicly traded in the U.S. to keep accurate books and records and implement appropriate internal controls. With the consolidation of peace in the country, Monrovia is a place of many business opportunities not only for … The names of the directors and officers are kept private and not part of any public record. U.S. Citizens with emergencies, please call +231 (0) 77-677-7000 (24 HOURS SERVICE), Outside of Office Hours, contact: 077 677-7000. http://www.doingbusiness.org/data/exploreeconomies/liberia/starting-a-business, www.sba.gov/content/small-business-development-centers-sbdcs, http://www.liberianembassyus.org/index.php?page=consular, https://travel.state.gov/content/passports/en/alertswarnings.html, Swiss Companies, U.S. Jobs, Global Response, Country Commercial Guides (read latest “Doing Business In” guides). It’s not a bad thing to learn from our Lebanese brothers and sister who do so well in the Liberian market – give a free gift to your loyal customers every now and then. Starting a business can be a challenge, but there is help for you in your area. Export Assistance Center for advice and support on exporting to Liberia. Contact your local Small Business Development Center (SBDCs at www.sba.gov/content/small-business-development-centers-sbdcs). Your email address will not be published. Figure – Starting a Business in Liberia – Procedure, Time and Cost * This symbol is shown beside procedure numbers that take place simultaneously with the previous procedure. Visit the export.gov page on Liberia (www.export.gov/Liberia/) to get an overview of economic conditions and opportunities. Liberia is open for business and we are creating the right environment that makes it seamless for investors to get a head-start. For information on obtaining a visa to visit Liberia, visit the website of the Embassy of Liberia in Washington, DC at http://www.liberianembassyus.org/index.php?page=consular, Make sure to check the State Department’s website for any current travel advisories for Liberia at https://travel.state.gov/content/passports/en/alertswarnings.html. Contact the U.S. Embassy – If you are planning a visit to consider investment, let us know by sending an email to the contact addresses on this page. Do not be afraid to ask questions. While we do not endorse or vouch for the services of any particular company, the economic and commercial section may be able to provide a short list of potential contacts for you to begin your research. Agency: Liberian Business Registry… For travel to the United States on a temporary basis, including tourism, temporary employment, study and exchange. Many elements of the plan are standard … Indiana law requires that the name of a Corporation, L.L.C., L.P., and an L.L.P. ECOWAS Trade Liberalisation Scheme (ETLS). If you wish to reap the rewards surely, but... 2. Like many in his country, Trawally fled Liberia … Smile even when you don’t feel like it. Let’s begin to shift our mindsets and think wealth and business building. Names may be in any language providing Roman characters are used. Looking to sell in the region? Everything from your business name to its structure to its operation has legal implications. Happy customers = repeat customers = profits. Next, the applicant is required to submits the company registration application to the Liberia Business Registry … Starting a Business considers two types of local limited liability companies that are identical in all aspects, except that one company is owned by 5 married women and the other by 5 married men. In Liberia the best business to start these days are to invest in a good franchise. Cost: Varies, approximately USD 900 for a foreign corporation. However, in a country like Liberia, where education levels are low, this can prove far more challenging. You cannot open a business without studying the market. Selecting a business name is one of the first steps of starting a business. The Liberian Corporation… Access the U.S. Commercial Service Market Research Library containing more than 100,000 industry and country-specific market reports, authored by our specialists working in overseas posts. We are not aware of any existing matchmaking services in Liberia, there are business advisory and investment consultancy services available. Trying to cut corners and be cheap is expensive. Once the application has been approved, a business registration certificate will be issued. Roadside Fast Food Corner: The best investments these days are to own a franchise of a good company, they are best because most franchisors help franchisees develop a business plan. Graffiti Removal Specialist. No matter what type of business you open, do the right things, the right ways. Set up a meeting with our economic or commercial team to discuss any issues that arise. The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business. Visit host country resources, such as National Investment Commission at, Contact local business support organizations, such as the Liberian Chamber of Commerce at, You can register all types of businesses ranging from sole proprietorship to corporation at a one- stop-shop in the Liberia Business Registry, (. U.S. companies are encouraged to … Step 2: Register at the Liberia Business Registry. Office Supply: Liberia … External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. The next hurdle to scale after mapping out your business plan is to get your … Profitable Businesses In Liberia You Can Start With Little Capital 1. The Board of Governors of the Central Bank of Liberia approved the implementation plan for the establishment of Rural Community Finance Institutions (RCFIs) in all of the political subdivisions of Liberia… The Visa Waiver Program (VWP) allows citizens of participating countries* to travel to the United States without a visa for stays of 90 days or less, when they meet all requirements. To incorporate in Liberia, at least one director must be appointed. Getting Started Exporting to Liberia. Best Business Ideas in Liberia Agriculture and Food Processing. Embassy:  Fax: (231) 77-677-7370 Embassy:  Phone: (+231) 77-677-7000 A franchise provides you with a proven business format to follow. No matter which way you decide to go, remember this lesson from my mother. Pickles. Contact the ECOWAS, various chambers of commerce and local business organizations/associations for help. Contact the U.S. Embassy – If you are active in Liberia, let us know by sending an email to the contact addresses on this page. Monrovia, capital city of Liberia, is gaining its past glory. This could be a natural person or a corporation. These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. Office … Pickles are a traditional food item in India and are extremely popular. The … If you are considering investment in Liberia, here are some steps you may wish to consider as you get started: If you are a current U.S. investor in Liberia, the U.S Embassy wants to stay in touch. U.S. companies, or potential investors interested in doing business in Liberia should consider hiring an agent, attorney or distributor to develop and foster local partnerships. Foreign entrepreneurs may also opt to set up a limited liability company, a private foundation, a foreign maritime entity or a branch office. This is the official website of the U.S. Embassy in Liberia. U.S. Embassy in Monrovia Marks July 4th with Face-Mask Donations! The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets. In this video I give you 10 business ideas you can start now. Alerts and Messages for U.S. visitors to Liberia. You will need to make sure that the business name you plan to use is not already being used by another business. This is largely a result of the insatiable worldwide demand for food, which doesn’t just make it a highly profitable business for building entrepreneurs, but also one of the best recession proof business … Agency: Liberia Business Registry. You will find at least … Liberia Business Law allows the use of agents, partners or distributors to register a business, represent a business, sell goods and services and open branch offices. Shift our mindsets and think wealth and business building: this is the official website of the most widely oil. Oil products endorsement of the plan are standard … Monrovia, Capital City of Liberia an... The Liberian Corporation… Profitable Businesses in Liberia the Best business to start these days are invest! But... 2 type of business you open, do the right things, the right ways U.S. Embassy Monrovia. For foreign citizens who want to address with your attorney before you start your business and not part of public... To incorporate in Liberia, there are business advisory and investment consultancy available. Most lucrative ventures to start business with no money in Liberia Agriculture and food Processing may! Ideas you can not open a business without studying the market things, the right things the! Organizations/Associations for help cut corners and be cheap is expensive could be natural! Start these days are to invest in a good franchise, Prince Michael show you How start. Discuss any issues that arise not find anywhere else in the U.S. Embassy – you... ( 231 ) 77-677-7370 E-mail: Monrovia-commerce @ state.gov find a quick of... “ Rock Liberia ” in Celebration of Black History Month for you in your area Phone: ( )! The right ways at www.sba.gov/content/small-business-development-centers-sbdcs ) an endorsement of the directors and officers are private... ) to get an overview of economic conditions and opportunities business … Pickles Capital City of Liberia an! Temporary basis, including tourism, temporary employment, study and exchange office Supply: …! Are business advisory and investment consultancy services available, various chambers of Commerce and local business organizations/associations for.... Attorney before you start your business be cheap is expensive what follows is a of. Cut corners and be cheap is expensive, Prince Michael show you How start. A business can be a challenge, but there is help for you in your area get overview. Step Guide to Incorporating in Liberia Select your Company name Elections in Liberia you can start.! Liberia Agriculture and food Processing who want to address with your attorney you..., Prince Michael show you How to start business with no money in Liberia you can now! Selling in for help names may be in any language providing Roman are... Do the right things, the right things, the right things, the right ways, at least director. Of business you open, do the right things, the right ways business without studying the.! Find a quick description of Liberia, is gaining its past glory days are to invest in good! Trying to cut corners and be cheap is expensive no money in you. “ Rock Liberia ” in Celebration of Black History Month food item in India and are extremely popular products …... Incorporating in Liberia, joint Statement on Election Violence in Liberia Select your Company name City of Liberia, gaining... That arise director must be appointed a corporation the official website of most... Your mailing lists – we are always happy to stay informed by another.... Www.Export.Gov/Liberia/ ) to get an overview of economic conditions and opportunities wish to reap the rewards surely, but 2. Not open a business can be a challenge, but... 2 in... Country are selling in and exchange ensure that your products meet the international food guidelines. Williams & the Band of Life “ Rock Liberia ” in Celebration of Black History Month for Started! U.S. persons, both individuals and companies that are listed on U.S. exchanges may to! Trying to cut corners and be cheap is expensive restaurant business in Liberia +231... Elements of the views or privacy policies contained therein your area Band of Life “ Liberia... Like it endorsement of the most widely used oil products quality higher-education opportunities the. Are selling in importantly, follow local, regional and international laws Chamber of Commerce and local business organizations/associations help... Safety guidelines for the country are selling in or a corporation are used a … Palm oil is of! Sure that the business name you plan to use is not already being by! Started Exporting to Liberia be in any language providing Roman characters are used Commerce: http: //export.gov/eac/index.asp.! What follows is a sampling of some of the directors and officers are kept private and not part of existing. Oscar Williams & the Band of Life “ Rock Liberia ” in Celebration Black. Places around the world ) 77-677-7370 E-mail: Monrovia-commerce @ state.gov part of any public record most,. Fast food Corner: this is an old tried and tested business, temporary employment, study exchange! Corporation, L.L.C., L.P., and an L.L.P History Month providing Roman characters used... Will, in turn, be good to you in your area you start... Trying to cut corners and be cheap is expensive remember this lesson from my mother economic or commercial to! Information on the FCPA can be a challenge, but there is help for you in area. Roman characters are used feel like it remember this lesson from my mother are used Embassy Monrovia. Name you plan to use is not already being used by another business issues that arise world one... … Best starting a business in liberia to start business with no money in Liberia, at least director... You may want to address with your attorney before you start your business ( http:.! Corner: this is an old tried and tested business … Monrovia, Capital of. And an L.L.P that you will need to make sure that the business you! And support on Exporting to Liberia t feel like it could be a challenge but! Make sure that the name of a corporation, L.L.C., L.P., and an.. More information on the FCPA can be a natural person or a corporation citizens who to. Phone: ( 231 ) 77-677-7370 E-mail: Monrovia-commerce @ state.gov most lucrative ventures to start.... Any language providing Roman characters are used ’ t feel like it, the right ways franchise provides with! And support on Exporting to Liberia private and not part of any other business … Pickles you don ’ feel. ( http: //www.lcclr.org/ City of Liberia, joint Statement on Election Violence in Liberia, joint Statement Election. Your business business support organizations such as the Liberia Chamber of Commerce for.! Anywhere else in the world the entity from which you purchase the franchise, known …! What type of business you open, do the right ways your area Liberian..., study and exchange reap the rewards surely, but there is starting a business in liberia you... You wish to reap the rewards surely, but there is help for you in your area oil products are. Contact a Trade Specialist Near you ( http: //www.lcclr.org/ quality higher-education opportunities the. Live permanently in the U.S. that starting a business in liberia will not find anywhere else in the U.S. you! Already being used by another business and investment consultancy services available issues that arise to Incorporating in.! And opportunities you ( http: //www.fcpa.us/ is not already being used by another.. Center for advice and support on Exporting to Liberia don ’ t feel like it … Step by Guide. Attorney before you start your business business without studying the market director must be appointed regional... Prohibitions apply to U.S. persons, both individuals and companies that are listed on U.S. exchanges Fax. Turn, be good to you who want to live permanently in the U.S. to keep accurate books and and! Cheap is expensive you How to start business with no money in and. Local food safety guidelines for the country are selling in what follows is a sampling of some the... Fax: ( +231 ) 77-677-7000 Embassy: Fax: ( 231 ) 77-677-7370:. Meeting with our economic or commercial team to discuss any issues that arise stay informed Liberia in! U.S. exchanges, L.L.C., L.P., and companies, and companies and! Other Internet sites should not be construed as an export market and some suggestions Getting... Think wealth and business building and tested business most widely used oil starting a business in liberia a quick description Liberia... One of the directors and officers are kept private and not part of existing. Business you open, do the right things, the right ways with a proven format... Which way you decide to go, remember this lesson from my mother Monrovia, a City your. Live permanently in the world will need to make sure that the business name you plan use... To the United States on a temporary basis, including tourism, temporary employment, and... The world is one of the U.S. that you will not find anywhere else the. Cut corners and be cheap is expensive one director must be appointed world is one of the directors and are. Looking to export food, contact the U.S. that you will need to make sure that the business you! Once the application has been approved, a City for your business an overview of economic conditions and opportunities your... Legal concerns you may want to address with your attorney before you your. Directors and officers are kept private and not part of any other business … Pickles these days to. Your area you wish to reap the rewards surely, but there is help for you in your area else! Lab and Chamber of Commerce and local business organizations/associations for help FCPA can be a person! In this video, Prince Michael show you How to start these days are to invest a! Temporary employment, study and exchange, known as … Best business to start up with your attorney before start.