Adopts the Investment Act of 2010
15 May 2010
The Investment Act reserves ownership of the following business activities exclusively for Liberians: (a) supply of sand, (b) block making, (c) peddling, (d) travel agencies, (e) retail sale of rice and cement, (f) ice making and sale of ice, (g) tire repair shops, (h) auto repair shops with investments of less than US $ 550,000, (i) shoe repair shops, (j) retail sale of timber and planks, (k) operation of gas stations, (l) video clubs, (m) operation of taxis, (n) importation or sale of second-hand or used clothing, (o) distribution in Liberia of locally manufactured products, and (p) importation and sale of used cars (except authorized dealerships which may deal in certified used vehicles of their make). Furthermore, it allows foreign investors to invest in the following business activities provided that, if the investment is owned exclusively by non-Liberians, the total capital invested shall not be less than $300,000; and, if the investment is owned by non-Liberians in partnership with Liberians and the aggregate shareholding of the Liberian is at least 25 percent, the total capital invested shall not be less than $300,000: (a) production and supply of stone and granite, (b) ice manufacturing, (c) commercial printing, (d) advertising agencies, graphics and commercial artists, (e) cinemas, (f) production of poultry and poultry products, (g) operation of water purification or bottling plants (exclusively the production and sale of water in sachets), (h) entertainment centres not connected with hotel establishments, (i) sale of animal and poultry feed, (j) operation of heavy duty trucks, (k) bakeries, and (l) sale of pharmaceuticals.
-
Type:
-
Entry and establishment (Ownership and control)
-
Industry:
-
Sources:
