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Liberia - business -- Review
Liberia is a maritime and corporate haven. Many corporations are registered under Liberian Law as non-resident domestic corporations (offshore companies). Since they are not permitted to do business in Liberia, Liberian offshore companies are not subject to Liberian tax. Liberia has a very liberal business climate intended to attract foreign investment and spur economic growth and development in the country. The employment rate in the formal sector is approximately 15%.
The heading Business maintains two catalogues – a catalogue with historical data about employing people in Liberia and a catalogue with foreign companies established in the country.
Liberia - business -- Employment
Historical data: Employing Workers in Liberia
| Year |
2008 |
2009 |
2010 |
| rank |
- |
118 |
121 |
| Redundancy costs (weeks of salary) |
84 |
84 |
84 |
| Rigidity of employment index ( 0 –100 ) |
27 |
27 |
27 |
Liberia - business -- Companies
Biggest Foreign Companies in Liberia
| Number |
Sector |
Company/ Companies |
| 1 |
Food |
Dole Food Company Inc.; Nabisco Holdings Corp. |
| 2 |
Banking |
BCCI (Bank of Credit and Commerce International) |
| 3 |
Wood & paper products |
Danzer Group |
| 4 |
Chemicals |
Ethyl Corp. |
| 5 |
Conglomerate |
Bollore |
| 6 |
Energy & water |
Conoco, El Paso Corp, Enron Corp., Exxon Mobil Corp., Phillips Petroleum Co., Total SA |
| 7 |
Lodging |
Marriott International Inc. |
| 8 |
Metals & mining |
Arcelor SA, ArcelorMittal |
| 9 |
Tires |
Bridgestone/Firestone Inc. |
| 10 |
Telecommunications services |
MTN Group Ltd Mobile Telephone Networks |
| 11 |
Transportation services |
Frontline Ltd. |
| 12 |
Financial services |
Marsh & McLennan Companies |
| 13 |
Tourism |
Carnival Corp.; Royal Caribbean Cruises Ltd |
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