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Preview & Print

Properties

Steps (18) arrow_drop_up arrow_drop_down
Prepare company documents  (2) expand_more expand_less
Obtain board registration permission  (3) expand_more expand_less
Obtain company registry certificate  (2) expand_more expand_less
Obtain license of investment project  (5) expand_more expand_less
Obtain tax number  (3) expand_more expand_less
Obtain chamber of commerce registration  (3) expand_more expand_less

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Summary of the procedure

Institutions involved 6 expand_more expand_less

Any Libyan embassy
Any official translation office
Privatization and Investment Board (x 6)
Privatization and Investment Board
Any commercial bank (x 2)
Tax Authority / Large taxpayers office (x 3)
Chamber of Commerce and Industry (x 3)

Results 2 expand_more expand_less

Investment project license - PIB
Tax registration number

Required Documents expand_more expand_less

Company decision MoM - Foreign
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 4)
Memorandum and article of association - Foreign - Certified (x 5)
Project Memorandum - Certified (x 2)
Establishing investment project application form
Project Memorandum - PIB - Translated
Company decision- MoM - Translated (x 4)
Memorandum and article - Foreign - Translated (x 5)
Company registration certificate - Foreign - Translated (x 2)
Name clearance application letter
ID or Passport copy for the legal representative (x 2)
Passport copy of branch deputy manager - Foreign
Passport copy of branch manager - Foreign
Minister of economy decision authorizing investment project (x 3)
Account opening application form - Foreign
Company declaration for not maintaining any other bank account
Authorized signatories ID or 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)
Branch registry certificate - Foreign (x 2)
Stamped commitment form - Tax
Approved commitment form
Application form - Chamber of Commerce
Receipt of the registration fees

Estimated cost LYD  5,950

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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
non refundable application fees
LYD 700
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 investment costs
LYD 3,000
license fee costs
LYD 1,500
Non oil company branch

Total Duration 42d - 53d  expand_more expand_less

  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

Laws 9 expand_more expand_less

Chamber of commerce letter 4/2016 Central bank of Libya letter 4/2016 regarding chamber of commerce certificate
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, 18-2, 20, 20-4, 21, 22, 23
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)
Law No. 9, 2010 (1378 p.d.) on Investment Promotion (E) Law No. 9, 2010 (1378 p.d.) on Investment Promotion (E)
PIB Application form info PIB Application form info
Required documents CoC - Foreign Required documents CoC - Foreign
  Article C
The executive regulations of Law No. 7 of 2010 regarding income taxes. The executive regulations of Law No. 7 of 2010 regarding income taxes.
The executive regulations of the chambers of commerce The executive regulations of the chambers of commerce
  Article 6
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