The Investment Act of 2010 (Schedule: Limited Restrictions to Foreign Ownership of Enterprises (2)) requires a joint venture or partnership between a Liberian and a non-Liberian to invest in advertising, graphics and commercial artists with the conditions that the total shareholding of the Liberian is at least 25% and the total capital invested is not less than USD 300,000. Alternatively, foreign investments are allowed without restrictions only if the total investment capital is not less than USD 500,000.

It is reported that the Liberia Telecommunications Authority (LTA), the executive authority for the supervision and administration of services in the telecommunications sector, is independent from the government in the decision-making process.

The Investment Act of 2010 (Schedule: Limited Restrictions to Foreign Ownership of Enterprises (2)) requires a joint venture or partnership between a Liberian and a non-Liberian to invest in advertising, graphics and commercial artists with the conditions that the total shareholding of the Liberian is at least 25% and the total capital invested is not less than USD 300,000. Alternatively, foreign investments are allowed without restrictions only if the total investment capital is not less than USD 500,000.

The Investment Act of 2010 (Schedule: Limited Restrictions to Foreign Ownership of Enterprises (2)) requires a joint venture or partnership between a Liberian and a non-Liberian to invest in advertising, graphics and commercial artists with the conditions that the total shareholding of the Liberian is at least 25% and the total capital invested is not less than USD 300,000. Alternatively, foreign investments are allowed without restrictions only if the total investment capital is not less than USD 500,000.

Liberia is a party to the Patent Cooperation Treaty (PCT).

Liberia has a clear regime of exceptions to copyright that follows fair use, which allows for the lawful use of copyrighted works by third parties without the need to obtain permission. The Intellectual Property Act (Section 9.8. Fair Use) contains a provision on fair use of copyrighted works. It further stipulates four factors for determining whether a particular case is a fair use: the purpose and character of the use, including whether such use is commercial in nature or for educational purposes; the nature of the copyrighted work; the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and the effect of the use on the potential market for or value of the work. Moreover, an identical provision was already included in the Copyright Act of 1997 (Section 2.7), which was repealed by the Liberian Copyright Act of 2016.

It is reported that the legal structure and regulatory environment, as well as the process of protecting and enforcing IPR in Liberia, is weak, and the level of IPR law enforcement is poor. The Liberia Intellectual Property Office (LIPO) is reported to lack both technical and financial capacity to address IPR infringements, and the authorities state that infringement of copyright on the Internet is still a challenge.

Liberia has not signed the World Intellectual Property Organization (WIPO) Copyright Treaty.

Liberia has not signed the World Intellectual Property Organization (WIPO) Performances and Phonograms Treaty.

Liberia has no rules applicable to the protection of trade secrets.

It is reported that there is no obligation for passive infrastructure sharing in Liberia to deliver telecom services to end users. However, it is practised in both the mobile and fixed sectors based on commercial agreements.

Libtelco is the oldest telecom operator in Liberia, and it is 100% state-owned.

It is reported that Liberia does not mandate functional or accounting separation for operators with significant market power (SMP) in the telecom market.

Liberia has appended the World Trade Organization (WTO) Telecom Reference Paper to its schedule of commitments.

Section 45 of the Amendment and Restatement of the Public Procurement and Concessions Act gives a public procuring entity the authority to grant a margin of preference to domestic businesses, solely Liberian-owned businesses and Liberian businesses, based on thresholds promulgated through regulations by the Public Procurement-and Concession Commission. The general objective is to give these businesses an advantage in the procurement of works, services, goods, etc., against foreign competitors. According to Sections 21 and 67 of the Regulations Accompanying the Public Procurement and Concessions Commission Act of 2005, as Amended and Restated in 2010, the margin of preference ranges from 2% to 50% for procuring entities and 4% to 25% for concessionaires.