The Liberian Corporate Registry informs how to maintain a valid Foreign Maritime Entity.
The following are requirements for a non-Liberian legal entity registered in Liberia as a Foreign Maritime Entity, (a “FME”) in order to maintain its qualification as a vessel-owning entity:
• The FME must be kept in goodstanding in Liberia. Furthermore, the non-Liberian entity must remain in goodstanding in its own jurisdiction. Satisfying this requirement to remain in goodstanding in both jurisdictions is particularly important where there is a mortgage recorded in respect of the vessel owned by the FME.
• If, at any time after the registration, any part of the information stated in the filed application is changed, the FME is obligated to file an amendment to the application with the Liberian Registry.
• It is a duty of the Address of Record/billing address of the FME to inform The LISCR Trust Company if there is any change to that address (see Address of Record below)
Address of Record
Every Liberian non-resident corporation is required to provide the Registered Agent with a full address of a professional user of offshore corporations (individual or company) appointed as the billing address, also known as the corporation’s Address of Record (AOR). In addition to the full street address, it shall include the name of the responsible individual, the phone number, fax and e-mail.
The billing address is first provided to the Registered Agent at the time of incorporation (included in the formation application) and can be changed during the life of the corporation. A request to change the AOR to a new person/company shall be sent to LISCR by the billing address currently on record, giving the full details of the new AOR contact details.
The appointment of the professional individual/company as a trusted party to serve as the billing address of the corporation, and therefore, the only verified link/contact between the corporation and the Registry, is an internal matter and the responsibility of the corporation.
The Registered Agent will only accept documents and instructions from the current billing address of the corporation, as well as send invoices and legal notices there exclusively. While documents for filing shall be executed by the officers of the corporation, they do need to be submitted to a LISCR office by the AOR or with a written consent thereof.
It is vital that the billing address provided by the corporation is correct and current. It is equally important that the corporations themselves maintain a good relation with their AOR. Therefore, the address shall be well known to the corporation’s management and shall be kept in the internal records of the corporation.
Source: LISCR
