Liberia is one of Africa’s great turnaround stories. Today, it is a country that is stable, growing, and committed to good governance. Investors would do well to give Liberia a look. It is a nation on the rise, and now is the time to share in and contribute to its success.
Former UK Prime Minister
There are many reasons for investing in Liberia, here are our top 8:
Access to Regional Markets: Liberia has access to over 335 million consumers through ECOWAS. As a founding member of the Mano River Union and ECOWAS, Liberia is better positioned with access to these markets.
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 11 years; holding two free, fair and transparent elections. The former President of Liberia, Ellen Johnson-Sirleaf, won the Nobel Peace Prize in 2011.
Tax Regime: The Revenue Code outlines clear tax regulations and tax exemptions for investors in targeted sectors.
International Markets: Liberia receives preferential treatment under the EU’s “Everything But Arms initiative”. 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 which is available outside of the free trade agreements. Additionally, 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.
There is a guarantee against unfair expropriation: In Section 7 of the Investment Act of 2010.
Prohibition against discrimination: Subject to the Labour Law and Laws governing immigration, foreign investors and 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.