Strong Business Climate
What Happened
Liberia operates a dual currency system , where the Liberian Dollar (LRD) and the United States Dollar (USD) are used interchangeably. Exchange rates are determined by the market . Average GDP growth: 4.89% (2010–2019) Source: World Bank Group, Data Bank, 2019 Only 5 procedures are required to set up a business in Liberia. Source: World Bank Group, Ease of Doing Business Scores, 2020 Low common indirect tax rate: 7% Source: fDi Intelligence based on Deloitte: Tax Solutions and GSL.org, 2021 Cost to set up a business in 2018: USD $33 Source: fDi Intelligence, Financial Times, based on World Bank Doing Business, 2019
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