Government Support – Light Manufacturing
Intro
The Government of Liberia provides structured fiscal incentives to promote investments in light manufacturing and priority sectors. Investments ranging from US$500,000 to US$9.9 million in eligible sectors qualify for tailored incentives.
Incentives & Support
Key government support measures for light manufacturing investors include:
Economic Empowerment Incentives
- Asset and tax deductions
- Exemption from GST
- Exemption from customs duties
- Exemption from income tax stamp fees
Applicable for approved investments between $500,000 – $9 million.
Concession Agreements
Investments above US$10 million require negotiation of a concession agreement enacted into law to protect the investor.
Priority Sector Incentives
Investments in prioritized sectors can receive enhanced incentives through the Inter-Ministerial Concession Committee (IMCC).
Investor Facilitation
The National Investment Commission (NIC) provides streamlined support for licensing, permits, and compliance guidance.
Legal Protections
Investors benefit from transparent investment laws, including full repatriation of profits and protection from arbitrary expropriation.
Policy Alignment
Incentives are aligned with Liberia’s national policies on investment, industrialization, and local content development.
Source: National Investment Commission; World Bank Group; Tax Amendment Act, 2016