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Preview & Print

Properties

Steps (25) 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
Obtain company registration certificate  (5) expand_more expand_less
Obtain tax number  (3) expand_more expand_less
Obtain chamber of commerce registration  (3) expand_more expand_less
Receive relevant authorities registration documents  (1) expand_more expand_less

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Summary of the procedure

Institutions involved 8 expand_more expand_less

Any Libyan embassy
Any official translation office
BCD bank branch or agency
Privatization and Investment Board (x 8)
Any commercial bank (x 3)
General commercial registry (x 5)
Tax Authority / Large taxpayers office (x 3)
Chamber of Commerce and Industry (x 3)

Results 3 expand_more expand_less

Investment project license - PIB
Company registration certificate
Tax registration number

Required Documents expand_more expand_less

Company decision MoM PIB
Memorandum and articles of association - Foreign
Company registration certificate - Foreign
Project Memorandum
Company registration certificate - Foreign - Certified (x 3)
Company decision- MoM - Foreign - Certified (x 2)
Memorandum and article of association - Foreign - Certified (x 3)
Project Memorandum - Certified (x 2)
Establishing investment project application form
Application letter
Name clearance letter
Company decision- MoM - Translated (x 2)
Memorandum and article - Foreign - Translated (x 4)
Company registration certificate - Foreign - Translated (x 2)
Project Memorandum - Translated
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 (x 2)
Company decision MoM PIB - Certified
Company decision MoM PIB - Translated (x 2)
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
Project technical report and timetable
Check of license fees
Capital deposit confirmation letter (x 2)
Deposit slip (x 2)
Name clearance certificate
Memorandum of association (x 2)
Minutes of meeting (x 2)
Articles of association (x 2)
National ID or Passport (x 2)
List of contents issued by notary
Name clearance certificate
Company registration fees invoice
Company registry fees receipt
Application form - Tax
Commitment form-Tax
Branch registry certificate - Foreign (x 2)
Minister of economy decision authorizing branch registration
Lease contract or property certificate
Chamber of commerce registration certificate - Foreign
Representation letter
Stamped commitment form - Tax
Approved commitment form - Tax
Application form - Chamber of Commerce
Investment registry certificate - PIB
Receipt of the registration fees

Estimated cost LYD  6,356

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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 total project capital
Capital amount no less than 5000000 LYD
LYD 0 -
0.1 % Total costs
0.1 % of the project total investment costs
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
LYD 0 -
0.5 % capital amount
0.5% of the total capital
Capital amount
LYD 0 -
0.0025 % capital amount
0.0025% processing fees
Capital amount
LYD 206
LYD 1,700
Non oil company

Total Duration 64d - 66d  expand_more expand_less

  Min. Max.
Total time (sum): 64d 66d
of which:
Waiting time in queue (sum): 2h. 35mn 6h. 5mn
Attention at counter: 7h. 15mn 4h. 50mn
Waiting time until next step (sum): 62d 64d

Laws 13 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
Commercial Law No. 23 of 2010 Commercial Law No. 23 of 2010
  articles 24, 485, 491
Council of ministers Resolution No. 187 of 2012 Council of ministers Resolution No. 187 of 2012
  articles 2, 7, 9, 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 5, 10, 11, 12, 14, 15, 16, 20, 21, 22, 23, 33, 35
Decision of the Minister of Economy No. 406 of 2019 Decision of the Minister of Economy No. 406 of 2019
  Article 1
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
Minister of Economy Decree No. 644 of 2010 regarding the issuance of commercial licenses Minister of Economy Decree No. 644 of 2010 regarding the issuance of commercial licenses
  Article 2
Required documents CoC - Foreign Required documents CoC - Foreign
  Article C
Required documents for investment project Required documents for investment project Page (5)
The executive regulations of Law No. 7 of 2010 regarding income taxes. The executive regulations of Law No. 7 of 2010 regarding income taxes.
  articles 2, 8, 56, (5)
The executive regulations of the chambers of commerce The executive regulations of the chambers of commerce
  Article 6
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