Liberia’s Investment Act of 2010 permits foreign investors to invest in Liberia but explicitly excludes foreigners from participating in several sectors of the economy, including land ownership. See further detail in the Investment Statement under the topic, “Limits on Foreign Control and Right to Private Ownership and Establishment.”  Non-tariff barriers include opaque administrative procedures that foster corruption and bribery. These issues, coupled with porous borders and nonexistent protection of intellectual property rights, have resulted in low trade tax collection, high levels of smuggling, and increased informal cross-border trade.

The Liberia Revenue Authority (LRA) provides information on export and import requirements and procedures required by the Liberian government. The LRA also has a “customs factsheet” with detailed information on customs activities, including customs laws and regulations, duty free rules, customs brokers, a tax digital library, customs import clearances, and the temporary importation of goods.