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Properties

11
Open local bank account
(last modified: 15/02/2021)

Contact details

Entity in charge

Any commercial bank

Requirements

1. 01 - Libre deuda de patente
Letter for opening bank account - PS (original)
2. 01 - Libre deuda de patente
Partnership company MoM - PS (original)
3. 01 - Libre deuda de patente
Memorandum of association - PS (original)
4. 01 - Libre deuda de patente
Articles of association - PS (original)
5.
Company declaration for not maintaining any other bank account (original)
6.
Account opening application form - PS (original)
7.
Authorized signatories (ID, passport) - PS (original)
8.
Authorized signatories photos (2 original )

Time frame

Legal justification

1. Commercial Law No. 23 of 2010
Commercial Law No. 23 of 2010
2.  Decision of the Minister of Economy No. 207 of 2012
Decision of the Minister of Economy No. 207 of 2012
Article 2
3. Central bank of Libya letter 4/2016 CoC
Central bank of Libya letter 4/2016 CoC

Additional information

Account opening requirements may differ from bank to another however the full requirements needed for full operation of the bank account includes: *Original copies of company documents ( articles of associations, memorandum of association) *Company commercial registry certified and translated *Name and documents (NID, ID, Photos) of the authorized signatories *Filling and signing the account opening form * Ministry of Economy permission to establish bank account *Company pledge for not maintaining any other bank account in Libya * Company commercial license * Chamber of commerce registration certificate
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