Government Support – Minerals
Incentives are designed and administered as part of the government’s efforts to support business establishments. Investments ranging from US$500,000 to US$9.9 million in prioritized sectors are eligible for incentives. The National Investment Commission (NIC) also provides support for obtaining mining licenses.
Government Incentives Grid
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 over US$10 million require negotiation of a concession agreement enacted into law to protect the investor.
Priority Sector Incentives
Investments in prioritized areas are eligible for a special incentive package through the Inter-Ministerial Concession Committee (IMCC).
Investor Facilitation
The NIC assists mining investors with licensing, permits, and regulatory guidance.
Legal Protections
Investors benefit from Liberia’s transparent investment laws, including full repatriation of profits and protection from arbitrary expropriation.
Policy Alignment
Incentives align with Liberia’s national policies on mining investment, industrialization, and local content development.
Source: National Investment Commission; World Bank Group; Tax Amendment Act, 2016