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Introduction | Information LIBERIA ![]() William Tubman, president from 1944-71, did much to promote foreign investment and to bridge the economic, social, and political gaps between the descendents of the original settlers and the inhabitants of the interior. But in 1980 a military coup, led by Samuel Doe, assassinated President William Tolbert and resulted in a decade of authoritarian rule followed by a prolonged civil war. In August 2003, a peace agreement ended 14 years of fighting. After two years of rule by a transitional government, democratic elections in late 2005 brought President Ellen Johnson-Sirleaf to power. The UN Mission in Liberia (UNMIL), which maintains a strong presence throughout the country, completed a disarmament programme for former combatants in late 2004. Liberia is one of the first offshore non-resident regimes to be established with legislation dating back to 1948. Liberia is best known as a leading shipping flagstate and has a modern and well regulated registry. It also has a very simple and procedural Corporations Law. The main feature of the Corporations Law is probably its easy maintenance requirements, where for the payment of a regular annual fee the corporation is able to maintain its “good standing” status. Liberian corporations are still among the most cost effective jurisdictions to form and maintain and in this respect have very few competitors. Corporations may be formed during one working day and are usually available ‘ready-made’. Corporations are available from ILS ready made.
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