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Create public beneficial ownership register (LR0037)



Action Plan: Not Attached

Action Plan Cycle: 2020

Status: Active


Lead Institution: Liberia Business Registry (LBR)

Support Institution(s): Liberia Business Associations (LIBA), International Financial Corporation, World Bank & OGP Secretariat

Policy Areas

Access to Information, Anti-Corruption, Beneficial Ownership, E-Government, Extractive Industries, Open Data, Private Sector

IRM Review

IRM Report: Pending IRM Review

Starred: Pending IRM Review

Early Results: Pending IRM Review

Design i

Verifiable: Pending IRM Review

Relevant to OGP Values: Pending IRM Review

Potential Impact: Pending IRM Review

Implementation i

Completion: Pending IRM Review


1. Build an open, public and machine -readable online register of beneficial ownership in the Liberia Business Registry. The Liberia Business Registry (LBR) will collect, store, and publish high-quality beneficial ownership data, consistent with international best practice. The LBR will make beneficial ownership information for all businesses available online, freely and timeously downloadable as structured data, for all sectors, and for all legal vehicles. The LBR will maintain up-to-date data which covers the complete ownership chain, including the legal ownership of businesses. The portal will be developed by implementing the principles for effective beneficial ownership transparency and will produce data conforming to the beneficial ownership data standards. The LBR, in partnership with the Liberian Extractive Industries Transparency Initiative (LEITI), will also build the capacity and raise awareness among stakeholders, and undertake a risk-based assessment to determine whether any sectors, such as extractives, should have a lower disclosure threshold applied. Establishing an open and transparent online portal showing beneficial ownership information will deter people from doing business through shadow companies which are often registered in tax havens to avoid taxes and launder money. This will also show Liberia is following international standards, which will contribute towards a good business environment. The commitment is in line with OGP values on beneficial ownership as it will increase transparency of information by making vital information about who owns, controls and benefits from the company available to the public. The following milestones will be reached to fulfill the commitments: 1. Set up a coordination committee to consult and establish best practice in beneficial ownership transparency, across technical, legislative, regulatory, and administrative parameters in Liberia. 2. Maintain up to date portal in the Liberian Business Registry with data available digitally, in bulk as well as on a per record basis (in Beneficial Ownership Data Standard (BODS) format) 2.1 dedicating staff member for beneficial ownership at the LBR; 2.2 introducing mandatory requirements on beneficial ownership; 3. Enable improvements and iterations to data quality and standardization, which includes developing and using a system for data verification. Milestone Activity With a Verifiable Deliverable Deadline: Responsible agency 1. Set up a coordination committee to consult and establish best practice in beneficial ownership transparency, across technical, legislative, regulatory, and administrative parameters in Liberia. December 2022 LBR 2. Maintain up to date portal in the Liberian Business Registry with data available digitally, in bulk as well as on a per record basis (in Beneficial Ownership Data Standard (BODS) format) 2.1: Appoint a lead at the LBR to maintain the portal December 2022 LBR 2.2: Introduce mandatory requirements to include beneficial ownership in current business registration forms by making necessary changes to existing rules and procedures December 2022 LBR 3. Develop and use a system for data verification to standardize ownership data December 2022 LBR


  1. Extend capacity and transparency of judicial system

    LR0039, 2020, Access to Justice

  2. Create public beneficial ownership register

    LR0037, 2020, Access to Information

  3. Publish budget information online

    LR0038, 2020, Aid

  4. Promote integrity within institutions and schools

    LR0040, 2020, Anti-Corruption

  5. Increase transparency and inclusivity of public contracts

    LR0041, 2020, Access to Information

  6. Train health professionals and open health data

    LR0042, 2020, Access to Information

  7. Make legislative process more transparent and participatory

    LR0043, 2020, E-Government

  8. Enhance compliance and transparency in tax system

    LR0044, 2020, E-Government

  9. Implement transparent SGBV roadmap

    LR0045, 2020, Access to Information

  10. Increase youth engagement in national policy

    LR0046, 2020, Marginalized Communities

  11. Monitor fulfillment of commitments

    LR0047, 2020, E-Government

  12. Publish latest health data

    LR0048, 2020, Access to Information

  13. Legislative Monitoring Database

    LR0027, 2017, E-Government

  14. Publication of Budget Documents

    LR0028, 2017, Anti-Corruption

  15. Freedom of Information (FOI) Act

    LR0029, 2017, Access to Information

  16. Citizen Monitoring for the Justice System

    LR0030, 2017, Access to Justice

  17. Feedback Mechanism to Build Accountability of the LNP

    LR0031, 2017, Access to Information

  18. Capacity Building for Integrity in Government

    LR0032, 2017, Anti-Corruption

  19. Transparency in the Land Authority

    LR0033, 2017, E-Government

  20. Accountability and Value for Money Through Open Contracting

    LR0034, 2017, Access to Information

  21. Beneficial Ownership Registry

    LR0035, 2017, Access to Information

  22. Open Data/Citizen Navigation Portal

    LR0036, 2017, Access to Information

  23. Starred commitment Commercial Land Use Rights Information

    LR0011, 2015, Capacity Building

  24. Open Aid Portal and Publication of Aid Data

    LR0012, 2015, Access to Information

  25. Link Financial Management System to Aid Management Platform

    LR0013, 2015, Aid

  26. Facilitate Tracking of EVD Funds

    LR0014, 2015, Access to Information

  27. Starred commitment Implementation of the New Jury Law

    LR0015, 2015, Public Participation

  28. Citzen Monitoring of Justice System

    LR0016, 2015,

  29. Civic Education and Citizen Engagement Around Offline Tools

    LR0017, 2015,

  30. Know Your Rights' Initiative

    LR0018, 2015, Justice

  31. Passage of Whistleblower Protection Act

    LR0019, 2015,

  32. Transparency Hubs

    LR0020, 2015, Public Participation

  33. Public Service Integrity

    LR0021, 2015, Anti-Corruption

  34. Citizen Feedback Platform.

    LR0022, 2015, E-Government

  35. e-Government

    LR0023, 2015, Capacity Building

  36. Public Expenditure Management Systems

    LR0024, 2015, Capacity Building

  37. Public Safety/ Law Enforecement Reform

    LR0025, 2015, E-Government

  38. Open Data Portal

    LR0026, 2015, Access to Information

  39. Appoint Public Information Officers (PIOs)

    LR0007, 2015, Capacity Building

  40. Popularize Freedom of Information (Foi) Law

    LR0008, 2015, Access to Information

  41. Expand Open Budget Initiative

    LR0009, 2015, Access to Information

  42. Public Information on Land and Natural Resource Reform

    LR0010, 2015, Anti-Corruption

  43. Increase Access to Public Information

    LR0001, 2013, Access to Information

  44. Open Budget Initiative

    LR0002, 2013, E-Government

  45. Extractive Industries Transparency

    LR0003, 2013, Anti-Corruption

  46. Citizens’ Participation and Dialogue

    LR0004, 2013, Public Participation

  47. Starred commitment Accountability and Integrity

    LR0005, 2013, Anti-Corruption

  48. Technology and Innovation

    LR0006, 2013, Access to Information

Open Government Partnership