TOP 10 reasons why you should invest in Liberia
There are many reasons for investing in Liberia, here are our top 10:
1. Access to Regional Markets: Liberia has access to over 335 million consumers through ECOWAS. As founding member of the Mano River Union and ECOWAS, Liberia Is better positioned with access to these markets.
2. Low cost ot labor: With a very youthful population, Liberia’s cost of labor Is set at US$5.00–6.00 per day.
3. Minimum restriction on the repatriation of profits and no currency eXchange restrictions: Section 11 ot the lnvestment Act of 2010 strengthens investment protection by ensuring the ability of investors to repatriate capital and profits. These may include profits and dividends (net ot taXes), remittance ot moneys (net of taXes) in the event of the sale or liquidation of the business, repayments ot Ioans acquired from foreign banks, etc.
4. Political stability: Liberia has been politically stable for the past 11 years, holding two free, fair and transparent elections. The President ot Liberia, Ellen Johnson-Sirieaf, won the Nobel Peace Prize in 2011.
5. Supportive Tax Regime: Income tax rate is 25% on profits ar 2% ot turnover; there are no capital controls, scany capital brought in Liberia can easily be expatriated and; agri-processing & manutacturing investors are fast-tracked through Government services and facilitated access to investment promotion.
6. 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 available outside the free trade agreements Liberia aiso has a Trade and lnvestment Framework Agreement with the United States. The country aiso has access to the Asian and African (outside ECOWAS region) markets.
7. Guarantee against unfair expropriation: In Section 7 of the lnvestment Act ot 2010.
8. Prohibition against discrimination: Subject to the Labor Law and Laws governing immigration, foreign investors, employers and workers enjoy the same rights and are subjected to the same duties and obligations as are applicable to citizens of Liberia.
9. Ease ot Starting a Business: The World Bank In 2016 rated Liberia as 37th ‚best In the world‘ as a place to start a business, ane ot the top countries in Africa.
10. Large untapped natural resources base: Liberia is endov.redseveral rich bodies of minerais and other materials, including gold, bauxite, rubber, timber and much more.