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Preview & Print

Properties

Preview & Print

Properties

Steps (13) arrow_drop_up arrow_drop_down
Prepare company documents  (2) expand_more expand_less
Obtain board registration permission  (3) expand_more expand_less
Pay capital and registration fees  (2) expand_more expand_less
Apply for project registration  (2) expand_more expand_less
Obtain license of investment project  (4) expand_more expand_less

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Summary of the procedure

Institutions involved 5 expand_more expand_less

Any Libyan embassy
Any official translation office
BCD bank branch or agency
Privatization and Investment Board (x 7)
Any commercial bank (x 3)

Results 2 expand_more expand_less

Investment registry certificate - PIB
Investment project license - PIB

Required Documents expand_more expand_less

Company decision MoM PIB
Memorandum and articles of association - Foreign
Company registration certificate - Foreign
Company decision MoM PIB - Certified (x 3)
Memorandum and article of association - Foreign - Certified (x 3)
Company registration certificate - Foreign - Certified (x 3)
Project Memorandum (x 2)
Establishing investment project application form
Application letter
Name clearance letter
Company decision MoM PIB - Translated (x 2)
Memorandum and article - Foreign - Translated (x 2)
Company registration certificate - Foreign - Translated (x 2)
Project Memorandum - Translated
HR replacment timetable
Bank deposit slip
ID or Passport copy (x 2)
Account opening application form - Foreign
Company declaration for not maintaining any other bank account
Minster of Economy decision cover letter
Minister of economy decision authorizing investment project
Authorized signatories ID or passport - Foreign
Investment registry application form
Signature form
Capital deposit letter - PIB
Check of investment registry fees - PIB
Check of advertising fees - PIB
Letter requesting license - PIB
Check of license fees
Project technical report and timetable
Competent authority approval
Lease contract or property certificate

Estimated cost LYD  4,450

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LYD expand_more expand_less
  • 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
No of pages
LYD 750
No refundable application fee
LYD 0 -
10 % capital amount
10% of the project cash capital and no less than 200000 LYD
Capital amount
LYD 0 -
0.1 % Total costs
0.1 % of the project total investment costs as the PIB services fees
Total investment costs cash or in kind contribution
LYD 700
500 LYD for the registration plus 200 LYD for the investment registration certificate
LYD 3,000
License fee

Total Duration 60d - 63d  expand_more expand_less

  Min. Max.
Total time (sum): 60d 63d
of which:
Waiting time in queue (sum): 1h. 5mn 1h. 55mn
Attention at counter: 1h. 20mn 2h. 40mn
Waiting time until next step (sum): 59d 62d

Laws 6 expand_more expand_less

Central bank of libya decision 36 of year 2009 regarding bank accounts Central bank of libya decision 36 of year 2009 regarding bank accounts
  Article 12
Decision (499) of year 2010 for the executive regulation law No (9) Decision (499) of year 2010 for the executive regulation law No (9)
  articles 10, 11, 12, 13, 15, 16, 18, 20, 21, 22, 33, 35
Law No. 9, 2010 (1378 p.d.) on Investment Promotion (A) Law No. 9, 2010 (1378 p.d.) on Investment Promotion (A)
  Article 12
Law No. 9, 2010 (1378 p.d.) on Investment Promotion (E) Law No. 9, 2010 (1378 p.d.) on Investment Promotion (E)
  Article 12
Minister of economy decision no (234) year (2019) regarding PIB service fees Minister of economy decision no (234) year (2019) regarding PIB service fees Item (1)
  Article 1
Required documents for investment project Required documents for investment project Page (5)
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