Lifts moratorium on investment incentives
05 Jun 2024
On 5 June 2024, the Government of Liberia lifted a moratorium on the incentive regime, granting tax incentives to several sectors, including: tourism, manufacturing, energy, hospitals and medical clinics, housing (low and medium income), transport infrastructure, information technology, banking in non-banking areas, poultry, horticulture, exportation of sea products, agriculture (food crop cultivation and processing, including cocoa and coffee), small and medium-scale rubber and oil palm cultivation and processing.
To qualify for these incentives, investments must meet certain capital requirements, including a minimum investment of $500,000. For establishing a hospital or health clinic, the minimum capital requirement is $50,000.
The incentives provided include duty exemptions on the importation of machinery, equipment, and capital spare parts, as well as tax holidays and preferential tariffs for electricity when available.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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