Tentmaker Reports

Liberia Report

Entrepreneurial Missions Index


General Information


3,994,122 (118th most populous country in the world)

Indigenous Beliefs20%


Food, beverages, textiles, apparel assembly, handicrafts, construction, tourism

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Liberia, visit https://www.cia.gov/library/publications/the-world-factbook/geos/lr.html.

Business Information

The World Bank ranks Liberia as 155 out of 183 economies in terms of ease of doing business. The country ranks as 71 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Liberia.

In order to start a business in Liberia, one must follow these procedures:

  1. Hire a registered legal practitioner, who prepares all documents and registers the company in the Deeds Office
  2. Have land lease stamped and pay the stamp duty
  3. Receive an inspection by the Public Health Inspector with the Maseru City Council
  4. Apply for manufacturing or trading license and register for taxes with the OSS at the Ministry of Trade and Industry
  5. Open a bank account and pay the required initial capital in a bank
  6. File for workman’s compensation with an insurance company
  7. Request for a post office box or private box

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Liberia, visit http://www.doingbusiness.org/.


To learn more...


Liberia Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.

Liberia Summary


1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

Contact Us

Have questions, feedback or want to connect? Send us an email at [email protected] , and we'll get back with you as quickly as possible. We'd also love to connect on our social media platforms.