Reasons Why Liberia is the Place to do Business
Liberia is rebuilding after 14 years of civil conflict, therefore, the opportunities for investment in Liberia are unlimited. The national infrastructure (roads, bridges, water, electricity, airports, seaports, etc.) has to be rebuilt. Investment in healthcare, education, hotels and housing are critical services the country needs.
Liberia has opportunities for investment in cash crops such as coffee, cocoa, and oil palm. Food crops such as rice, cassava, pineapples, bananas and plantain. Rice is the nation’s staple food and the country imports over 90% of its rice needs at the cost of about $80 million a year. The natural resources offer significant opportunities for investment. Our primary resources include diamonds, gold, iron ore, rubber and timber.
How do I connect with the rest of the world when in Liberia?
- There is ongoing recovery of Liberia’s infrastructure:
- There are four telecommunication companies operating in the country
- Wireless Internet
- Hundreds of miles of repaired roads
- Multiple flights a week from The United States to Belgium and Liberia
- Electricity in the cities
Liberia is open for business with great opportunities for investors. Self-sufficiency in food production is key to Liberia’s economic recovery as agriculture continues to be the dominant sector in the Liberian economy, accounting for more than half the GDP and about 70% employment. Principal crops grown in Liberia include rice (the nation’s staple food come mostly from imported sources), sugar cane, cassava, oil palm, coffee, and cocoa. Fruits grown in Liberia include banana, papaya, mango, and pineapple, and citrus fruits such as orange, grape fruit, tangerine and lime. Natural resources include iron ore, timber, diamonds, gold, and rubber. There is great potential for biomass with most of the 15 counties having woody biomass.
The government guarantees adequate security and legal protection to all of its citizens and investors wishing to do business in Liberia. Since 2005, security in the country has been maintained by a United Nations Peacekeeping Force. And under this protection, the country has been stable to conduct commercial activities
Advantages for businesses investing in Liberia
There are many advantages to doing business in liberia, below are just a few:
- Stable environment with the assistance of over 15,000 UN Peace Keeping Troops
- Inexpensive/Low Cost of Labor
- Close to major markets in Europe Asia and America
- Member of African Growth and Opportunity Act (AGOA)
- The U.S. Dollar is a legal tender
- Official Language is English
How do I connect with the rest of the world when in Liberia?
There is ongoing recovery of Liberia’s infrastructure:
Liberia offers 100% repatriation of funds and no currency exchange restrictions; 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, and etc.
All supplies and semi-finished products used in investment projects including equipment, raw materials, and machinery are exempted from import duty.
Top Investments Opportunities
Below are some of the Investments Opportunities available in Liberia:
- Agriculture
- Fisheries
- Import and Export
- Mining
- Forestry
- Manufacturing
- Rubber
- Tourism
- Oil Exploration
