print

Preview & Print

Properties

Preview & Print

Properties

Steps (24) arrow_drop_up arrow_drop_down
Prepare registration documents  (4) expand_more expand_less
Obtain 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

arrow_drop_up arrow_drop_down
Summary of the procedure

Institutions involved 7 expand_more expand_less

Any Libyan embassy
Any official translation office
Any commercial bank (x 4)
Notaries offices
Chamber of Commerce and Industry (x 3)
Tax Authority / Large taxpayers office (x 3)

Results 3 expand_more expand_less

Branch registry certificate - Foreign
Tax registration number
Commercial license certificate - Foreign

Required Documents expand_more expand_less

Memorandum and articles of association - Foreign
Company decision MoM - Foreign
Company registration certificate - Foreign
Proof of experience - Foreign
Company budget - Foreign
Company decision- MoM - Foreign - Certified (x 4)
Memorandum and article of association - Foreign - Certified (x 4)
Company registration certificate - Foreign - Certified (x 4)
Proof of experience - Foreign - Certified (x 2)
Company Budget - Certified - Foreign (x 2)
Account opening application form - Foreign
Company declaration for not maintaining any other bank account
Company decision- MoM - Translated (x 5)
Memorandum and article - Foreign - Translated (x 5)
Company registration certificate - Foreign - Translated (x 3)
Authorized signatories ID or passport - Foreign
Application letter - Checked - Foreign
Company Budget - Foreign - Translated
Proof of experience - Foreign - Translated
Bank deposit letter - Foreign (x 2)
Fee letter - bank - Foreign
Permission fee bill - Foreign
Payment check - Foreign
Permission payment receipt - Foreign
Minister of economy decision authorizing branch registration (x 3)
Passport copy of branch manager - Foreign
Passport copy of branch deputy manager - Foreign
Specimen signature form - Foreign
Registration fee bill - Foreign
Registration fee receipt - Foreign
Filled and certified specimen signature form - Foreign
Application form - Chamber of Commerce
Branch registry certificate - Foreign (x 4)
Receipt of the registration fees
Application form - Tax
Commitment form-Tax
Lease contract or property certificate (x 2)
Chamber of commerce registration certificate - Foreign (x 3)
Representation letter
Stamped commitment form - Tax
Approved commitment form - Tax
License application form- Foreign
Tax registration certificate (x 2)
Sketch drawing
License fee bill - Foreign
Commercial license payment receipt
Commercial license certificate - Foreign

Estimated cost LYD  251,846.5

expand_more expand_less

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 250,000
Minimum capital deposit required 250000 LYD
LYD 0 -
LYD  20,100 per year
No of authorized years
LYD 30
The cost varies from one notary to another, usually it is not more than LYD 30
LYD 116.5
LYD 0 -
LYD  5 per copy
of certificate
No of extra copies of certificate
LYD 1,700
Non oil company branch
LYD 0 -
LYD  502.5 per year
500 LYD plus 2.5 stamp per each authorized year for the company to operate in Libya
No of license years

Total Duration 31d - 79d  expand_more expand_less

  Min. Max.
Total time (sum): 31d 79d
of which:
Waiting time in queue (sum): 2h. 25mn 4h. 30mn
Attention at counter: 2h. 35mn 4h. 40mn
Waiting time until next step (sum): 30d 77d

Laws 13 expand_more expand_less

 Council of ministers resolution (228) of year 2009 regarding public services fees Council of ministers resolution (228) of year 2009 regarding public services fees
  Article 4
 Decision of the Minister of Economy No. 207 of 2012 Decision of the Minister of Economy No. 207 of 2012
  articles 7, 8, 9, 10, 16, 17, 18
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
Chamber of commerce letter 4/2016 Central bank of Libya letter 4/2016 regarding chamber of commerce certificate
List of requirements - Foreign Companies department list of requirements
Council of ministers Resolution No. 187 of 2012 Council of ministers Resolution No. 187 of 2012
  Article 20
Decision of the Minister of Economy No. 39 of 2011 for License fees Decision of the Minister of Economy No. 39 of 2011 for License fees
  Article 1
Decision of the Minister of Economy No. 406 of 2019 Decision of the Minister of Economy No. 406 of 2019
  Article 1
Minister of Economy and Trade decision 644 year 2010 Minister of Economy and Trade decision 644 year 2010
  Article 4
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
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
The executive regulations of the chambers of commerce The executive regulations of the chambers of commerce
  Article 6
Powered by eRegulations ©, a content management system developed by UNCTAD's Business Facilitation Program and licensed under Creative Commons License