= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2012:
Starting a Business:
Liberia made starting a business easier by introducing a one-stop shop.
Getting Credit:
Liberia strengthened its legal framework for secured transactions by adopting a new commercial code that broadens the range of assets that can be used as collateral (including future assets) and extends the security interest to the proceeds of the original asset.
Trading Across Borders:
Liberia made trading across borders faster by implementing online submission of customs forms and enhancing risk-based inspections.
DB2010:
Starting a Business:
Business start-up was eased by removing the need to obtain an environmental impact assessment when forming a general trading company.
Dealing with Construction Permits:
The process for getting construction permits was eased by lowering the permit fee and cost of obtaining a power generator, abolishing the requirement to obtain a tax waiver certificate before submitting documents to obtain a building permit, and making fixed telephone connections more readily available for public use with the reopening of the national phone company.
Trading Across Borders:
The trade process was expedited by creating a one-stop shop bringing together various ministries and agencies, and streamlining the inspection regime.
DB2009:
Starting a Business:
Starting a business was made faster and easier through simpler registration processes, time limits, and business licensing reforms.
Dealing with Construction Permits:
The time required to obtain a construction permit was reduced by introducing a 30-day statutory time limit and eliminating the requirement for a signature by the minister of public works on small to medium-size construction projects. Liberia also cut building permit fees in half.
Getting Credit:
Access to credit was eased by establishing a database with credit information on borrowers at the Central Bank of Liberia. The database focuses primarily on delinquent borrowers, helping to improve the risk management tools of financial institutions.
Trading Across Borders:
Trade was reformed by reducing fees for customs clearance and port and terminal handling.