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Properties

Steps (23) arrow_drop_up arrow_drop_down
Obtain name clearance  (5) expand_more expand_less
Prepare company documents  (3) expand_more expand_less
Obtain company registration certificate  (5) expand_more expand_less
Obtain chamber of commerce registration certificate  (3) expand_more expand_less
Obtain company seal  (1) expand_more expand_less
Obtain tax number  (3) expand_more expand_less
Obtain commercial license  (3) expand_more expand_less

8
Open bank account and deposit company capital
(last modified: 18/01/2021)

Contact details

Entity in charge

Any commercial bank

Unit in charge

Current Accounts department

Mon: 09:00 - 13:00
Tue: 09:00 - 13:00
Wed: 09:00 - 13:00
Thu: 09:00 - 13:00
Fri: closed
Sat: closed
Sun: 09:00 - 13:30

Expected results

Capital deposit confirmation letter
Deposit slip

Requirements

1. 01 - Libre deuda de patente
Letter of opening a commercial account (original)
2. 01 - Libre deuda de patente
National ID or Passport (Simple copy)

Cost LYD 133,000.3

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

Minimum for limited liability company
LYD 3,000
Minimum for joint stock company
LYD 100,000
LYD 30,000.3 -
30 % capital amount
if capital is above 100,000
100,001 mode_edit
Payment methods: cash, check
The minimum capital for limited liability companies is 3000 LYD and 100,000 LYD for joint stock companies. if capital is less than 100,000 LYD it must be fully deposited in bank. if capital is 100,000 LYD or more, 30% of the capital must be deposited.

Time frame

Waiting time in queue: Min.   15mn - Max.  25mn
Attention at counter: Min.   5mn - Max.   10mn

Legal justification

1. Commercial Law No. 23 of 2010
Commercial Law No. 23 of 2010
Article 101
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