Liberia Business, Taxation and Offshore Information
Liberia lies on the southwest coast of West Africa and has an area of 111,369 sq km (43,000 sq mi.) There are direct flights from Roberts International Airport (on the outskirts of the capital, Monrovia) to Europe and North America.
The American Colonization Society established a colony of freed slaves on the west coast of Africa in the 1820s, with an aim to create a republic; by 1840 a number of these colonies had united in a commonwealth. Relatively few in number, the Liberian settlers invited indigenous African tribes to participate in the economy. Eventually the migrants outnumbered the colonists; now, descendants of the original settlers make up no more than 5% of the total population of just over 5 million (April 2021 estimate.)
Liberia has plentiful mineral resources, forests and a climate favourable to agriculture; exports include raw timber, rubber, diamonds, iron ore, coffee and cocoa. The fairly small manufacturing sector is mostly foreign-owned. External confidence in the key diamond extraction industry is strong, with Canadian company Diamond Fields leading foreign investment. More »