Regulatory Alerts2000-12-23
Regulation Concerning Fees for Banking License
The Central Bank of Liberia issued Regulation No. CBL/SD/06/2000 to establish mandatory fee structures for entities seeking banking licenses under the New Financial Institutions Act of 1999. Applicants must submit a non-refundable US$1,000 application fee and pay a US$25,000 license fee prior to commencing operations. Licensed banks are required to remit an annual operating levy of US$10,000 each year on August 15, with the regulation taking effect on July 27, 2000.
Share