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Libyan partner(s) share of the company under incorporation should not be less than 51% of the new partnership company. In case the partnership is made with Libyan individuals each Libyan citizen should hold not more than 10% of the company share but in total all Libyan partners should hold not less than the said 51% of the partnership company.
Foreign partner(s) share of the company under incorporation must not be more than 49% of the new partnership company. In case the partnership is made with foreign individuals each one should hold not more than 10% of the company share but in total all foreign partners should hold not more than 49% of the total share in the partnership company.
According to article (1) of minister of economy decision 207 of year 2012 the chairman of board of directors or the general manager of the partnership company must be a Libyan citizen.