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Steps (24) arrow_drop_up arrow_drop_down
Prepare registration documents  (4) expand_more expand_less
Obtain company registration certificate  (10) expand_more expand_less
Obtain chamber of commerce registration  (3) expand_more expand_less
Obtain tax number  (3) expand_more expand_less
Obtain commercial license  (3) expand_more expand_less
Activate company bank account  (1) expand_more expand_less

3
Open local bank account
(last modified: 18/02/2021)

Contact details

Entity in charge

Any commercial bank

Expected results

Requirements

Initial requirements
1. 01 - Libre deuda de patente
Company decision- MoM - Foreign - Certified (Simple copy)
2. 01 - Libre deuda de patente
Company decision- MoM - Translated (Simple copy)
3. 01 - Libre deuda de patente
Memorandum and article of association - Foreign - Certified (Simple copy)
4. 01 - Libre deuda de patente
Memorandum and article - Foreign - Translated (Simple copy)
5. 01 - Libre deuda de patente
Commercial registry certificate - Foreign - Certified (Simple copy)
6. 01 - Libre deuda de patente
Commercial registry certificate - Foreign - Translated (Simple copy)
7.
Account opening application form - Foreign (original)
8.
Company declaration for not maintaining any other bank account (original)
9.
Authorized signatories (ID, passport) - Foreign (Simple copy)
10.
Authorized signatories photos (x2) (2 original )

Cost

LYD expand_more expand_less
  • LYD Add Name Here

Legal justification

1.  Decision of the Minister of Economy No. 207 of 2012
Decision of the Minister of Economy No. 207 of 2012
Article 8
2. Central bank of Libya letter 4/2016 CoC
Central bank of Libya letter 4/2016 CoC

Additional information

Account opening requirements may differ from bank to another however the main requirements includes: *The company formal decision to establish a branch MoM certified and translated *Original copies of company documents ( articles of associations, memorandum of association) certified and translated *Company commercial registry certified and translated *Name and documents (NID, ID, Photos) of the authorized signatories *Filling and signing the account opening form * Ministry of Economy permission to establish bank account *Company pledge for not maintaining any other bank account in Libya *Branch commercial registry certificate * Branch commercial licence * Chamber of commerce registration certificate
Bank-REQ-1-Foreign Bank-REQ-1-Foreign
Bank-REQ-2-Foreign Bank-REQ-2-Foreign
Bank-REQ-3-Foreign Bank-REQ-3-Foreign
Bank-REQ-4-Foreign Bank-REQ-4-Foreign
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