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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

10
Open local bank account
(last modified: 26/05/2021)

Timeframe ( ver detalles )

Espera hasta paso siguiente

25 mn  -  45 mn
7 days  - 

Contact details

Entity in charge

Any commercial bank

Requirements

1. 01 - Libre deuda de patente
Account opening application form - PS (original)
2. 01 - Libre deuda de patente
Letter for opening bank account - PS (original)
Addressed from the notary to the bank
3. 01 - Libre deuda de patente
Notarized partnership company MoM - PS (Simple copy)
4. 01 - Libre deuda de patente
Notarized articles of association - PS (Simple copy)
5. 01 - Libre deuda de patente
Notarized memorandum of association - PS (Simple copy)
6. 01 - Libre deuda de patente
Company declaration for not maintaining any other bank account (original)
7. 01 - Libre deuda de patente
Authorized signatories (ID, passport) - PS (Simple copy)
8. 01 - Libre deuda de patente
Authorized signatories photos (2 original )

Time frame

Waiting time in queue: Min.   10mn - Max.  15mn
Attention at counter: Min.   15mn - Max.   30mn
Waiting time until next step: Min.   7 days

Legal justification

1.  Decision of the Minister of Economy No. 207 of 2012
Decision of the Minister of Economy No. 207 of 2012
articles 2, 3, 18
2. Central bank of Libya letter 4/2016 regarding chamber of commerce certificate
Central bank of Libya letter 4/2016 regarding chamber of commerce certificate

Additional information

Account opening requirements may differ from bank to another, in addition to the above requirements the following documents must be provided when ready in order to activate the account (see step 31):
  • Minister of economy permission authorizing the partnership company
  • Company registry certificate
  • Company commercial license
  • Chamber of commerce registration certificate
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