United States Department of State

Liberia United States Department of State

Liberia has a free enterprise system of economy and Government of Liberia (GOL) has an open attitude toward foreign direct investment (FDI). Overall, Liberia has made starting a business easier by eliminating business license fees, which has reduced total cost of business registration. It also made transfer of property easier by instituting a digitized records system at a land registry known as the Center for National Documents and Records Agency (CNDRA). In addition, the number of procedures for starting a business was reduced from four to two, and the wait time required to register a business was reduced from six days to two days. Despite measures and commitment by the GOL to improve Liberia's regulatory environment for investment, the country is facing a difficult business climate ranking 174th out of 189 in the World Bank's 2015 Doing Business report.