Access to Regional Markets

Liberia has access to over 335 million consumers through ECOWAS. As founding member of the Mano River Union and ECOWAS, Liberia is better positioned with access to these markets.

Low Cost of Labor

With a very youthful population, Liberia’s cost of labor is set at US$5.00-6.00 per day.

Minimum Restriction on the Repatriation of Profits and No Currency Exchange Restrictions

Section 11 of the Investment Act of 2010 strengthens investment protection by ensuring the ability of investors to repatriate capital and profits. These may include profits and dividends (net of taxes), remittance of moneys (net of taxes) in the event of the sale or liquidation of the business, repayments of loans acquired from foreign banks, etc.

Political Stability

Liberia has been politically stable for the past 14 years; holding two free, fair and transparent elections.

Tax Regime

The Revenue Code outlines clear tax regulations and tax exemptions for investors in target sectors.

Competitive Incentive Packages

Liberia offers a comprehensive set of incentives for the following priority sectors: Agricultural, Tourism, Manufacturing, Energy, Hospitals and medical, Housing, Transportation, Information, Poultry, Horticulture, and Exportation.

International Markets

Liberia receives preferential treatment under the EU. The EBA grants duty-free, and in most cases quota-free, access to the EU market. Liberia receives preferential treatment under the Africa Growth and Opportunity Act, which offers the most preferential access to the U.S. market available outside the free trade agreements. Liberia also has a Trade and Investment Framework Agreement with the United States. The country also has access to the Asian and African (outside ECOWAS) markets.

Guarantee against unfair expropriation: In Section 7 of the Investment Act of 2010. Prohibition against discrimination: Subject to the Labor Law and Laws governing immigration, foreign investors, employers and workers enjoy the same rights and are subjected to the same duties and obligations as are applicable to citizens of Liberia. First nation in Africa to completely stop cutting down its trees and promote deforestation.

Large Untapped Natural Resources Base

Liberia is endowed with several rich bodies of minerals and other raw materials, including gold, diamonds, iron ore, bauxite, rubber, timber and much more. (see http://www.investliberia.gov.lr)

Liberia Business Registry (LBR)

The Liberia Business Registry (LBR) serves as a one-stop shop for business registration in Liberia. Any entity intending to commence business activities in the country must first be registered with the LBR. The registration process has been streamlined to improve efficiency and accessibility for entrepreneurs and investors.

To begin the process, an applicant submits a business registration application, provides the required supporting documents, and pays the applicable registration fee. Detailed information regarding fees and procedures is available on the official Liberia Business Registry website at www.lbr.gov.lr. Once the application is reviewed and approved, the applicant is issued a Business Registration Certificate, which formally authorizes the entity to operate in Liberia.