Why Liberia is one of the best places in West Africa to do business

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Here are some reasons why Liberia is one of the best places in West Africa to do business: Liberia’s rebuilding after 14 years of civil conflict, therefore, the opportunities for investments in Liberia are unlimited.

The national infrastructure (roads, bridges, water, electricity, airports, seaports, etc.) has to be rebuilt and Investments in healthcare, education, hotels and housing are critical services the country needs. Liberia has opportunities for investment in cash crops such as coffee, cocoa, and oil palm.  Food crops such as rice, cassava, pineapples, bananas, and plantain.  Rice is the nation’s staple food and the country imports over 90% of its rice needs at the cost of about $80 million a year. Natural resources offer significant opportunities for investment.  Our primary resources include diamonds, gold, iron ore, rubber, and timber.

How do I connect with the rest of the world when in Liberia?

There is the ongoing recovery of Liberia’s infrastructure:

  • There are four telecommunication companies operating in the country
  • Wireless Internet
  • Hundreds of miles of repaired roads
  • Multiple flights a week from The United States to Belgium and Liberia
  • Electricity in the cities

Liberia is open for business with great opportunities for investors. Self-sufficiency in food production is key to Liberia’s economic recovery as agriculture continues to be the dominant sector in the Liberian economy, accounting for more than half the GDP and about 70% employment.  Principal crops grown in Liberia include rice (the nation’s staple food comes mostly from imported sources), sugar cane, cassava, oil palm, coffee, and cocoa.  Fruits grown in Liberia include banana, papaya, mango, and pineapple, and citrus fruits such as orange, grapefruit, tangerine, and lime. Natural resources include iron ore, timber, diamonds, gold, and rubber.    There is great potential for biomass with most of the 15 counties having woody biomass.

The government guarantees adequate security and legal protection to all of its citizens and investors wishing to do business in Liberia.  Since 2005, security in the country has been maintained by a United Nations Peacekeeping Force.  And under this protection, the country has been stable to conduct commercial activities

Advantages for businesses investing in Liberia

There are many advantages to doing business in Liberia, below are just a few:

  • A stable environment with the assistance of over 15,000 UN Peace Keeping Troops
  • Inexpensive/Low Cost of Labor
  • Close to major markets in Europe Asia and America
  • Member of African Growth and Opportunity Act (AGOA)
  • The U.S. Dollar is a legal tender
  • Official Language is English

How do I connect with the rest of the world when in Liberia?

There is the ongoing recovery of Liberia’s infrastructure:
Liberia offers 100% repatriation of funds and no currency exchange restrictions; these may include profits and dividends (net of taxes), remittance of money (net of taxes) in the event of the sale or liquidation of the business, repayments of loans acquired from foreign banks, and etc. All supplies and semi-finished products used in investment projects including equipment, raw materials, and machinery are exempted from import duty

Top Investments Opportunities – Below are some of the Investments Opportunities available in Liberia:

  • Agriculture
  • Fisheries
  • Import and Export
  • Mining
  • Forestry
  • Manufacturing
  • Rubber
  • Tourism
  • Oil Exploration
THIS INFORMATION DIRECTLY  FROM THE LIBERIA CONSULATE WEBSITE
http://liberianconsulatega.com/trade-tourism/doing-business-in-liberia/

The Consulate Office

Cynthia Lynn Blandford 
Honorary Consul General
Republic of Liberia
Consulate for the State of Georgia
225 Peachtree Street N.E., Suite 515
Peachtree Center   – South Tower
Atlanta, GA  30303

Contact Numbers:

Office: 404-565-1154
Fax: 1 (855) 515-4080

For Additional Questions Please contact the Consulate  Or The Liberia Embassy In Washington DC 
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