National Investment Act 2023

Overview

The National Investment Act 2023 serves as the primary legislation regulating investment activities in Liberia. The Act establishes the legal framework for both domestic and foreign investments and defines the roles of government institutions responsible for promoting and regulating investments across key sectors of the economy.

Its central objective is to create a transparent, predictable, and investor-friendly environment that encourages sustainable economic growth, job creation, and technology transfer.

Key Objectives

The Act aims to:

• Promote responsible investment that contributes to national development
• Encourage foreign direct investment (FDI) and domestic private sector growth
• Ensure fair and transparent treatment of investors
• Strengthen regulatory oversight of investment activities
• Support economic diversification across priority sectors

Key Provisions

Investor Rights and Protections

The Act guarantees investors fair and equitable treatment under the law. Investors are protected against unlawful expropriation and are entitled to due process and compensation where applicable.

Investment Registration

All qualifying investments must be registered with the relevant investment authority. Registration ensures that projects comply with national regulations and may qualify for government support or incentives.

Priority Investment Areas

The Act identifies strategic sectors where investment is encouraged, including:

• Agriculture and agro-processing
• Infrastructure development
• Manufacturing and industrial production
• Energy and renewable resources
• Tourism and hospitality
• Digital and technology sectors

Importance of the Act

The National Investment Act 2023 represents a major step toward strengthening Liberia’s investment climate. By providing clear rules and protections, it builds investor confidence while ensuring investments contribute to national development priorities.