Regulatory Alerts2000-12-23
Added · Updated
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.
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