Investors working in Liberia will have access to an affordable, trainable and youthful workforce. Furthermore, incentives are available to foreign investors, who employ and train Liberians.
Regarding work permits, Liberia has no legal provision for the automatic issuance of a certain number of work permits for a certain level of investment. Work permits must in principle be justified by showing that qualified Liberians are unavailable.
All private sector labor matters (including strikes, boycotts and other forms of labor unrests) not resolved by internal management are ultimately referred to the Ministry of Labor for final resolution. The office of the Assistant Minister for Trade Union Affairs at the Ministry of Labor handles all such labor matters.
All private and public sector entities are legally allowed and encouraged to develop a Personnel Handbook. The provisions of the Personnel Handbook however must conform with the labor practices and laws of Liberia to the extent that any diametrical variance could render the Personnel handbook invalid and notwithstanding.
The National Minimum Wage (NMW) is currently being re-evaluated. Meanwhile, the Government of Liberia, cognizant of the prevailing economic situation in the country, raised the minimum salary for civil servants from US$15 in 2006 to US$80 per month in 2009. The Government also substantially reduced income tax in 2010 in order to increase nominal income for employees. It is therefore expected that during the interim, private sector employers would use the public sector initiative as the point of reference in determining the minimum wage for their employees.
For additional information, please click here to review Liberia’s Employment Policy, 2009.