Republic of Liberia
Capital: Monrovia
HDI: 0.430 (177th)
Language: English
GDP (PPP): $3.879 billion
Currency: Liberian Dollar
Population: 4,503,000
The Republic of Liberia, is a country on the West African coast. Liberia means “Land of the Free” in Latin. It is bordered by Sierra Leone to its west, Guinea to its north and Ivory Coast to its east. It covers an area of 111,369 square kilometers (43,000 sq mi) and has a population of 4,503,000 people.[3] English is the official language and over 20 indigenous languages are spoken, representing the numerous tribes who make up more than 95% of the population. The country’s capital and largest city is Monrovia.
Forests on the coastline are composed mostly of salt-tolerant mangrove trees, while the more sparsely populated inland has forests opening onto a plateau of drier grasslands. The climate is equatorial, with significant rainfall during the May–October rainy season and harsh harmattan winds the remainder of the year. Liberia possesses about forty percent of the remaining Upper Guinean rainforest. It was an important producer of rubber in the early 20th century.
Liberia is the only African republic to have self-proclaimed independence without gaining independence through revolt from any other nation, being Africa’s first and oldest modern republic. Liberia maintained and kept its independence during the European colonial era. During World War II, Liberia supported the United States war efforts against Germany and in turn the U.S. invested in considerable infrastructure in Liberia to help its war effort, which also aided the country in modernizing and improving its major air transportation facilities. In addition, President William Tubman encouraged economic changes. Internationally, Liberia was a founding member of The League of Nations, United Nations and the Organization of African Unity.
RESEARCH
Economic Overview
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Liberia Economy – overview
http://www.indexmundi.com/liberia/economy_overview.html
Liberia is a low income country that relies heavily on foreign assistance. It is richly endowed with water, mineral resources, forests, and a climate favorable to agriculture. Its principal exports are iron ore, rubber, gold and timber. The government has attempted to revive raw timber extraction and is encouraging oil exploration.
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Liberia Economic Outlook – African Development Bank
http://www.afdb.org/en/countries/west-africa/liberia/liberia-economic-outlook/
Liberia is facing headwinds to growth following two major shocks over the past year. The country is recovering from the effects of the Ebola Virus Disease (EVD) outbreak combined with the drop in international export prices for Liberia’s traditional engines of growth – iron ore and rubber
Industry Trends & Business Climate
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Doing Business in Liberia
http://photos.state.gov/libraries/liberia/328671/pdfs/final_2013_country_commercial_guide.pdf
Dated (2013) decription of doing business in Liberia
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Economy of Liberia – Wikipedia
https://en.wikipedia.org/wiki/Economy_of_Liberia
Liberia’s business sector is largely controlled by foreigners mainly ofLebanese and Indian descent. There also are limited numbers of Chineseengaged in agriculture. The largest timber concession, Oriental Timber Corporation (OTC), is Indonesian owned.
Establishing a Presence
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Liberia: Types of Company
http://www.lowtax.net/information/liberia/liberia-company-formation.html
Liberian corporations, registered business companies, LLC’s, limited partnerships, foundations and not-for-profit corporations are easily formed under the Liberian Associations Law.
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LIBERIA BUSINESS REGISTRY FEE SCHEDULE
http://www.moci.gov.lr/doc/LBR_Fee_Schedule.pdf
Registration fee schedule by type of company
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Starting a Business in Liberia
http://www.doingbusiness.org/data/exploreeconomies/liberia/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Liberia.
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Business Registration : LNIC : Liberia
http://www.investliberia.gov.lr/business/registration
The LBR is a semi-autonomous government agency, which operates as a one-stop-shop to formalize or register all enterprises and provide information services to the public. This means that anyone wishing to register a business will have only one interface with the government of Liberia.
Taxes
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Paying Taxes in Liberia
http://www.doingbusiness.org/data/exploreeconomies/liberia/paying-taxes
This World Bank site provides a table that describes the tax obligations in Liberia.
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TAX Liberia Fiscal Guide 2013/14 – KPMG
http://www.kpmg.com/Africa/en/KPMG-in-Africa/Documents/2014%20Fiscal%20Guides/Fiscal%20Guide%20Liberia.pdf
Comprehensive tax guide (2013-2014) from KPMG
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liberia tax information – KnowYourCountry
http://www.knowyourcountry.com/liberia3.html
Personal tax is assessed according to a progressive scale specified in tax law of Liberia.
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A quick guide to Taxation in Liberia
http://www.pwc.com/gh/en/assets/pdf/a-quick-guide-to-taxation-in-liberia-2013.pdf
Page 8 of this tax guide from Priice Waterhouse (2013) provides a personal tax table
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2016 VAT and GST global rates
http://www.vatlive.com/vat-rates/international-vat-and-gst-rates/
7% Goods & Services Tax (a turnover tax on limited range of services)
Visas
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Liberia Visa – International Passport & VIsa
https://internationalpassportandvisa.com/liberia-visa/
This site lists the documents and fees required for both tourist and business visas
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Liberia – US Department of State
https://travel.state.gov/content/passports/en/country/liberia.html
See “Entry, Exit & Visa Requirements”on this US Department of State site
Infrastructure
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Liberia Transportation – Taxi, Train, Bus & Airport Tips
https://www.virtualtourist.com/travel/Africa/Liberia/Transportation-Liberia-TG-C-1.html
Tips on getting to and getting around Liberia from real travelers and locals.
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Transport in Liberia – Wikipedia
https://en.wikipedia.org/wiki/Transport_in_Liberia
Transport in Liberia consist of railways, highways, seaports and airports.
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Liberia – Telecoms, Mobile and Broadband
https://www.kenresearch.com/index.php
After more than a decade of civil war which destroyed much of its infrastructure, Liberia became a prime example of an almost entirely wireless telecommunications market. Four GSM mobile operators compete for customers LoneStarGSM (majority owned by South Africa’s MTN), Comium (Novafone), Cellcom and LiberCell.
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Home – Liberia Telecom
http://liberia-telecom.com/
Liberia Telecom is a leading provider of VoIP over broadband Internet, VSAT satellite and Fibre for enterprise customers across the country.
Employer Obligations
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Sumary Of Liberian Labour Law
http://www.slideshare.net/ssolidarites/sumary-of-liberian-labour-law
Comprehensive presentation on Liberian labor law
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Labor Market Regulation in Liberia
http://www.doingbusiness.org/data/exploreeconomies/liberia/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Liberia.
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Labor Market Regulation in Liberia
http://www.doingbusiness.org/data/exploreeconomies/liberia/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Liberia.
Culture/Living
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Cost of Living in Liberia
https://www.numbeo.com/cost-of-living/country_result.jsp?country=Liberia
Average prices of more than 40 products and services in Liberia. Prices of restaurants, food, transportation, utilities and housing are included.
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Liberia Public Holidays 2016
http://holidayyear.com/holidays/Liberia
Liberia holidays 2016, bank holidays, national holidays, official holiday calendar, religious festivals and celebrations for the year 2016
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Liberia Public Holidays 2016 and 2017
http://africapublicholidays.com/liberia/
Discover the complete list of Liberia’s public holidays for 2016 and 2017
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Cost of Living in Liberia. 2016 prices
https://www.expatistan.com/cost-of-living/country/liberia
Cost of living comparisons in more than 1,600 cities all over the world.
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Liberia – Culture, Customs & Etiquette
http://guide.culturecrossing.net/basics_business_student.php?id=117
Guide to travel, doing business, and studying in Liberia – culture, greetings, gestures,etiquette, taboos, negotiations, gift-giving, and more.
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Africa Etiquette | International Dining
http://www.etiquettescholar.com/dining_etiquette/table-etiquette/africa.html
Learn or review dining etiquette for North Africa. Topics for include, among others, mealtimes and typical food, national drinks, toasts
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Average Weather For Monrovia, Liberia
https://weatherspark.com/averages/29194/Monrovia-Margibi-Liberia
This report describes the typical weather at the Roberts International Airport (Monrovia, Liberia) weather station over the course of an average year.
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Monrovia Climate Monrovia Temperatures
http://www.liberia.climatemps.com/
Monrovia has a tropical monsoonal climate (Köppen-Geiger classification: Am) with adry season and a heavy monsoon the rest of year
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Liberia travel advice – GOV.UK
https://www.gov.uk/foreign-travel-advice/liberia/safety-and-security
The ability of the national authorities and the UN to provide emergency help outside Monrovia is limited. Check the security situation before travelling to any part of the country.
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Liberia – US Department of State
https://travel.state.gov/content/passports/en/country/liberia.html
See “Safety and Security” on this US Department of State site.
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Liberia Education System
http://www.classbase.com/Countries/Liberia/Education-System
Primary Education. Education continues to be the victim in war-ravaged Liberia, with what facilities there are, found mainly in the state capital Monrovia.
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Education | Liberia
https://www.usaid.gov/liberia/education
A report from USAID. The Liberian education system is emerging from a prolonged and brutally destructive period of civil unrest. Long standing impacts from the war, compounded by the recent school closure due to the Ebola Viral Disease (EVD) outbreak continue to take a toll on the fragile education system.
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CIA: The World Factbook: Liberia
https://www.cia.gov/library/publications/the-world-factbook/geos/li.html
See “People and Society” on this CIA site
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Liberia Demographics Profile 2016
http://www.indexmundi.com/liberia/demographics_profile.html
Demographic facts and statistics for Liberia
Trade
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Liberia Customs Regulations
https://liberia.visahq.com/customs/
Liberia Customs regulations and procedures for importing and exporting goods at border.
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Liberia Customs, Currency & Airport Tax regulations
http://www.iatatravelcentre.com/LR-LIBERIA-customs-currency-airport-tax-regulations-details.htm
Customs information for individuals planning to travel to Liberia
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Liberia National Trade Policy
http://www.intracen.org/uploadedFiles/Liberia%20National%20Trade%20Policy-fin.pdf
The LNTP aims to promote international trade and a
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WTO | Accessions: Liberia
https://www.wto.org/english/thewto_e/acc_e/a1_liberia_e.htm
This site provides key information on Liberia’s negotiations to join the WTO. Liberia became the 163rd WTO member on 14 July 2016.
Housing and Rentals
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Liberia Hotels, Hostels & Accommodation
https://www.lonelyplanet.com/liberia/hotels/a/lod/355353
Reccomendations on hotels, hostels amd B&Bs in Liberia
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The 10 Best Hotels in Monrovia, Liberia
https://www.tripadvisor.com/Hotels-g293805-Monrovia_Montserrado_County-Hotels.html
Find 1,104 traveler reviews, 550 candid photos, and prices for 13 hotels in Monrovia, Liberia.
Travel
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Liberia Travel Guide and Travel Information
http://www.worldtravelguide.net/liberia
Expert Liberia travel guide including detailed information about everything you need to know about Liberia.
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