The Liberia Special Economic Zones Authority (LSEZA) and the Liberia Revenue Authority (LRA) have signed a landmark Memorandum of Understanding (MOU) aimed at positioning Liberia as a preferred destination for trade and investment. The agreement underscores the government’s commitment to strengthening economic growth, facilitating industrialization, and enhancing the country’s global competitiveness. The MOU introduces a framework for performance-based tax incentives that will be tied to measurable outcomes, including job creation, infrastructure development, investment in green energy and technologies, and increased export volume.
Through this framework, LSEZA and the LRA will jointly monitor and evaluate the performance of Special Economic Zones (SEZs) over a prescribed period to ensure accountability and impact. Speaking at the signing ceremony, Executive Chairman of LSEZA, Prince Wreh, described the agreement as a “monumental milestone” that places the Authority on an irreversible path toward establishing a one-stop platform for trade and investment. “This signing will help alleviate bottlenecks and enhance Liberia’s competitiveness on the global stage,” EC Wreh stated. “By streamlining processes and offering performance-based incentives, we are laying the foundation to attract both domestic and international investors to Liberia’s Special Economic Zones.”
In remarks, the Commissioner General of the Liberia Revenue Authority, Hon. James Dorbor Jallah, hailed the MOU as a pivotal moment in Liberia’s drive toward industrialization and sustainable development. “The LRA is committed to working alongside LSEZA to promote best practices that ensure transparency, efficiency, and maximum development benefits from Special Economic Zones,” Commissioner General Jallah remarked. “This partnership will be instrumental in stimulating trade facilitation, creating jobs, and promoting economic growth.” Established in 2017, the Liberia Special Economic Zones Authority (LSEZA) is mandated to designate, regulate, and manage Special Economic Zones across the country. The Authority provides a stable regulatory environment and serves as a one-stop shop for investment facilitation, licensing, and approvals, with the overarching goal of attracting both domestic and foreign investment,, among others.
The Liberia Revenue Authority (LRA) said it remains central to the government’s agenda of mobilizing resources for national development and strengthening revenue collection systems. This collaboration with LSEZA also reflects the government’s broader vision to create a more enabling environment for trade, private sector development, and long-term prosperity. The signing of this MOU is a strong signal to investors and partners that Liberia is committed to building a competitive, investment-friendly economy rooted in transparency, sustainability, and growth.
