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Preview & Print

Properties

Print the full procedure

Print selected step:

Include recourse information

Include certification

Steps (18)

Prepare company documents (2)

1 Get documents certified through a Libyan embassy

2 Translate documents into Arabic

Obtain board registration permission (3)

3 Request project approval

4 Receive permission decision

5 Receive investment registry certificate

Obtain commercial registry certificate (2)

6 Request commercial registry certificate

7 Obtain commercial registry certificate

Obtain license of investment project (5)

8 Open local bank account

9 Obtain bank deposit letter and checks

10 Request investment project license

11 Receive field visit (follow up team)

12 Obtain license of investment project

Obtain tax number (3)

13 Request tax number

14 Check approval

15 Obtain tax number

Obtain chamber of commerce registration (3)

16 Request chamber of commerce registration

17 Pay fees

18 Obtain chamber of commerce registration

Summary of the procedure

Institutions involved 6

Any Libyan embassy

Any official translation office

Privatization and Investment Board (x 6)

3 4 5 6 10 11

Any commercial bank (x 2)

8 9

Tax Authority (x 3)

13 14 15

Chamber of Commerce and Industry (x 3)

16 17 18

Results 1

Investment project license - PIB

Required Documents

Company decision MoM - Foreign

Memorandum and articles of association - Foreign

Commercial registry certificate - Foreign

Commercial registry certificate - Foreign - Certified (x 3)

2 3 8

Company decision- MoM - Foreign - Certified (x 4)

2 3 8 13

Memorandum and article of association - Foreign - Certified (x 5)

2 3 6 8 13

Project Memorandum - PIB (x 2)

2 3

Establishing investment project application form

Project Memorandum - PIB - Translated

Company decision- MoM - Translated (x 4)

3 8 13 16

Memorandum and article - Foreign - Translated (x 5)

3 6 8 13 16

Commercial registry certificate - Foreign - Translated (x 2)

3 8

Name clearance application letter

ID or Passport copy for the legal representative (x 2)

3 13

Passport copy of branch deputy manager - Foreign

Passport copy of branch manager - Foreign

Minister of economy decision authorizing investment project (x 3)

6 8 16

Account opening application form - Foreign

Company declaration for not maintaining any other bank account

Authorized signatories (ID, passport) - Foreign

Letter requesting license - PIB

Bank deposit letter - PIB

Check- of License fees - PIB

Check of advertising fees - PIB

Application form - Tax

Commitment form-Tax

Investment registry certificate - PIB (x 2)

13 16

Branch commercial registry certificate - Foreign (x 2)

13 16

Stamped commitment form- Foreign

Approved document

Application form - Chamber of Commerce

Receipt of the registration fees

Estimated cost LYD 5,950

LYD

LYD Add Name Here

This is an estimate based on a series of assumptions which you can modify to calculate your own costs:

Cost detail	Estimate your cost
- LYD 0 - LYD 15 per page Average cost 15 LYD / page	0 No of pages
LYD 750 non refundable application fees
LYD 700
- LYD 0 - 10 % capital amount 10% of the total project capital	0 Capital amount no less than 5000000 LYD
- LYD 0 - 0.1 % Total costs 0.1 % of the project investment costs	0
LYD 3,000 license fee costs
LYD 1,500 Non oil company branch

Total Duration 42d - 53d

	Min.	Max.
Total time (sum):	42d	53d
of which:
Waiting time in queue (sum):	1h. 15mn	2h. 30mn
Attention at counter:	1h. 10mn	2h. 25mn
Waiting time until next step (sum):	41d	52d