The Organization for Economic Cooperation and Development (OECD) as part of a working trip to Liberia paid a visit with the Liberia Business Registry recently.
The visiting team members, in meeting with
Registrar General- Samson Dee and staff were curious to know how easy it is to do business in Liberia and whether the registry has a Beneficial Ownership Office in Liberia.
They asked for basic requirements including, how long it takes to register a local or foreign business in line with Liberian Laws.
The team also sought to authenticate the credibility of Business Registration Certificates and further ascertained whether or not certificates can easily be “duplicated”; or possibilities by which the LBR data base can detect-expiration of issued certificates and “repetition of names”.
Registrar General Samson Dee responded that “measures are being instituted to reduce “human-to human interaction, promote fast registration and ease constraints at the registry”. The certificate he said, cannot just be altered and that the system does not permit registration of names already written.
According to him, a modern website with an “entirely new automated application system is being developed, linked with various social media platforms that can enable online registration. Such system he also disclosed would allow sms alerts and automatic emailing.
“We are working with the Ministry of Post and Telecommunications deliver completed certificates; especially those people in far locations and leeward counties, Director General Samson Dee told the visiting ORCD delegation.
The delegation upon touring LBR facilities thanked the management and praised the institution for for what it called an “organized work environment”.