Liberia: Offshore Business Sectors
Liberian corporations, limited partnerships, registered business companies, foundations and LLCs are free of taxation if non-resident, i.e. not beneficially owned by a resident of Liberia, or with income earned in Liberia or repatriated to Liberia, and are used for a variety of purposes from holding entities, through property and portfolio owning to trading corporations quoted on the World's major stock exchanges. Of these entities a foundation cannot trade but is particularly useful for holding together a complex structure of other entities for long term development. Liberian corporations are particularly favoured for the ownership of vessels, whether or not registered in the Liberian Registry.