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Steps (31) arrow_drop_up arrow_drop_down
Prepare foreign partners documents  (2) expand_more expand_less
Obtain name clearance  (5) expand_more expand_less
Notarize company documents  (2) expand_more expand_less
Deposit capital  (2) expand_more expand_less
Pay capital tax  (1) expand_more expand_less
Obtain company registration certificate  (9) expand_more expand_less
Obtain chamber of commerce registration  (3) expand_more expand_less
Obtain tax number  (3) expand_more expand_less
Obtain commercial license  (3) expand_more expand_less
Activate company bank account  (1) expand_more expand_less

8
Request documents notarization
(last modified: 26/05/2021)

Espera hasta paso siguiente

2 days  -  3 days

Contact details

Entity in charge

Notaries offices

Non-exhaustive list of notaries below, Tripoli
Website: https://ecstripoli.com/ecs/
Notary contact list Notary contact list

Requirements

Libyan companies documents
1. 01 - Libre deuda de patente
Company decision MoM - LY - PS (original)
2. 01 - Libre deuda de patente
Articles of association LY-PS (original)
3. 01 - Libre deuda de patente
Memorandum of association LY - PS (original)
4. 01 - Libre deuda de patente
Company registration certificate (original)
5. 01 - Libre deuda de patente
Commercial license certificate - LY (original)
6. 01 - Libre deuda de patente
ID or Passport copy for existing company shareholders (original)
Foreign companies documents
1. 01 - Libre deuda de patente
Company decision MoM F-PS - Certified (original)
2. 01 - Libre deuda de patente
Company decision MoM - F- PS- Translated (original)
3. 01 - Libre deuda de patente
Memorandum and article of association - Foreign - Certified (original)
4. 01 - Libre deuda de patente
Memorandum and article - Foreign - Translated (original)
5. 01 - Libre deuda de patente
Company registration certificate - Foreign - Certified (original)
6. 01 - Libre deuda de patente
Company registration certificate - Foreign - Translated (original)
Individual sharholders
1. 01 - Libre deuda de patente
ID or Passport copy (Simple copy)
ID or Passport copy for Libyan individuals and/or passport copy for foreign individuals
2. 01 - Libre deuda de patente
Clear criminal record certificate - foreign individuals (original)
Monitoring committee
1. 01 - Libre deuda de patente
ID or Passport copy (Simple copy)
For the head and the members of the monitoring committee
2. 01 - Libre deuda de patente
University certificate (in accounting and law) (original)
Company monitoring committee should consist of lawyers and accountants.

Time frame

Waiting time until next step: Min.   2 days - Max.   3 days

Legal justification

1.  Decision of the Minister of Economy No. 207 of 2012
Decision of the Minister of Economy No. 207 of 2012
Article 1-6
2. Commercial Law No. 23 of 2010
Commercial Law No. 23 of 2010
articles 14, 101, 375
3. Partnership company registration requirements
Partnership company registration requirements

Additional information

  • 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.
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