Learn about barriers to market entry and local requirements, i.e., things to be aware of when entering the market for this country.
Last Published: 3/29/2019
Over 54 percent of Liberia’s estimated 4.6 million people live on less than $1.25 a day, with a per capita income of $455.90, according to the World Bank.  Tariffs, customs duties, tax rates, and other statutory fees can be arbitrary; however, the Liberia Revenue Authority (LRA) continues to centralize and standardize revenue collection systems.  Limited infrastructure -- such as electricity, roads, seaports and airports, water and sewage systems, and internet -- poses real-time challenges to effective business operations. The Freeport of Monrovia, the country’s main external trade gateway, provides slow and expensive services.  Liberia has one commercial court, with limited capacity, and the laws relating to contracts and procurements can be inconsistent and poorly enforced.  In addition, Liberian law reserves 16 sectors of the economy exclusively for Liberian citizens, and sets a capital investment threshold on 12 others as stipulated in the Investment Act of 2010.

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Liberia Trade Development and Promotion