Accessing Investment Incentives

Investment incentives can be accessed by foreign and domestic investors for approved investment projects. Exemptions and allowable deductions are set out in Section 16 of the Consolidated Tax Amendment Act of 2010. For a copy of the Act, please click here.

Incentives are available for investments in the followingsectors:

• Tourism- carried out through tourist resorts, hotels, and cultural sites
• Manufacturing – at least 60% local raw material content
• Energy
• Hospitals and medical clinics
• Housing
• Transportation
• Information Technology
• Banking
• Poultry
• Horticulture
• Exportation of sea products
• Agricultural – food crop cultivation and processing including cocoa and coffee
• Small and medium scale rubber and oil palm cultivation and processing

Capital Investment Requirement:

• At least US$1 Million ranging up to US$20 Million for any investor
• At least US$500,000 for business with 100% Liberian ownership

Highlight of Investment Incentives:

• 30% off cost of equipment and machinery (capital allowance)
• 30% off construction cost of new hotel or tourist resort
• 10% off the cost of building and fixtures used in manufacturing process that produced finished products having 60% local raw material

Additional Incentives based on economic zones:

• Zone 1 (River Gee, Gbarpolu, Gr. Kru and Rivercess) – 12.5%
• Zone 2 (Maryland, Gr. Gedeh, Sinoe, Bong, Nimba, Lofa) – 7-5%
• Zone 3 (Bomi, Margibi, Bassa, Cape Mt, Mont.) – 5%

Additional Incentives based on employment – creation of 100 jobs:

• Zone 1 (River Gee, Gbarpolu, Gr. Kru and Rivercess) – 10%
• Zone 2 (Maryland, Gr. Gedeh, Sinoe, Bong, Nimba, Lofa) – 7-5%
• Zone 3 (Bomi, Margibi, Bassa, Cape Mt, Mont.) – 5%

Exemptions from customs duties:

• Equipment and machinery, specialized vehicles, raw materials, capital spare parts, and other specialized capital goods to be used in the project are exempted from import duty up to 100 percent of their dutiable value.
• A customs user fee of 1.5% plus ECOWAS trade levy of .5% is applicable

Click here to view a printable version of the  “Processes and Procedures for Investment Incentives"