Reforms

Liberia’s government is committed to reform and improving the business environment

Liberia Business Registry
One-stop-shop to formalize or register all enterprises (www.lbr.gov.lr). The time to register a business is not more than 2 days (48 hours) and the cost for foreign businesses ranges from US $400 –US $900 depending on the type of business.

Investment Act of 2010
Strengthens investment protection by (1) providing guarantees against unfair expropriation; (2) ensuring the ability of investors to repatriate capital and profits; (3) obliging the government to protect intellectual property; and (4) providing access to internationally recognized dispute resolution mechanisms. For a copy of the Act, click here.

Governance Reforms
Liberia successfully completed a set of economic and governance reforms, enabling the International Monetary Fund, World Bank, and other bilateral lenders to write-off the country's debt.

Liberia Revenue Code
The Revenue Code outlines clear tax regulations and tax exemptions for investors in target sectors.For a copy of the Code, click here.

Micro, Small and Medium Enterprises (MSME) Policy
The Policy focuses on the four elements of the investment climate that are of primary importance to MSMEs: (1) the legal/regulatory framework; (2) access to finance; (3) access to markets; and (4) skills and knowledge.

The LNIC Contributes to Reforms through various mechanisms, including:

• Liberia Better Business Forum: Facilitates dialogue on investment climate issues with the explicit objective of achieving measurable enhancement of the enabling environment for private-sector activity (www.lbbf.org)
• Business Reform Committee: Cabinet-level committee that works in partnership with the private sector and international institutions to reduce unnecessary regulations, simplify processes, and generally make it easier to do business in Liberia