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1
Prepare foreign partner(s) documents
(last modified: 15/02/2021)

Requirements

Foreign company
1. 01 - Libre deuda de patente
Company decision MoM F-PS (original)
2. 01 - Libre deuda de patente
Memorandum and articles of association - Foreign (original)
3. 01 - Libre deuda de patente
Commercial registry certificate - Foreign (original)
Foreign individuals
1.
ID or Passport copy for each shareholder (Simple copy)
2. 01 - Libre deuda de patente
Clear criminal record certificate -F (Simple copy)

Legal justification

1.  Decision of the Minister of Economy No. 207 of 2012
Decision of the Minister of Economy No. 207 of 2012
2. Commercial Law No. 23 of 2010
Commercial Law No. 23 of 2010
Article 375

Additional information

- 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 49% of the total share in the partnership company. - The required documents in case of a forging individual partners according to article 4 of the decision 207 of year 2012 are: - Valid passport - Reached a legal age - Clear criminal record certificate - According to 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.
Partnership company registration requirements Partnership company registration requirements
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