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Preview & Print

Properties

Preview & Print

Properties

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

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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 (x 3)

Results 2 expand_more expand_less

Branch commercial registry certificate - Foreign
Commercial license certificate - Foreign

Required Documents expand_more expand_less

Memorandum and articles of association - Foreign
Company decision MoM - Foreign
Commercial registry 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)
Commercial registry certificate - Foreign - Certified (x 4)
Proof of experience - Foreign - Certified (x 2)
Company Budget - Certified - Foreign (x 2)
Company decision- MoM - Translated (x 5)
Memorandum and article - Foreign - Translated (x 5)
Commercial registry certificate - Foreign - Translated (x 3)
Account opening application form - Foreign
Company declaration for not maintaining any other bank account
Authorized signatories (ID, 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 company registration (x 2)
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 commercial registry certificate - Foreign (x 4)
Receipt of the registration fees
Application form - Tax
Commitment form-Tax
National ID or Passport
Stamped commitment form- Foreign
Approved tax document - Foreign
License application form - Foreign
License application form- Foreign
Tax registration certificate - Foreign (x 2)
Lease contract or property certificate
Sketch drawing
Chamber of commerce registration certificate - Foreign (x 2)
License fee bill - Foreign
Commercial license payment receipt
Receipt of the tax registration number

Estimated cost LYD  251,646.5

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 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
No of extra copies
LYD 1,500
Non oil company branch
LYD 0 -
LYD  502.5 per year
500 LYD per year plus 2.5 stamp
No of license years

Total Duration 17d - 78d  expand_more expand_less

  Min. Max.
Total time (sum): 17d 78d
of which:
Waiting time in queue (sum): 2h. 10mn 4h. 5mn
Attention at counter: 2h. 15mn 4h.
Waiting time until next step (sum): 16d 76d

Laws 10 expand_more expand_less

 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
Chamber of commerce letter 4/2016 Central bank of Libya letter 4/2016 CoC
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
List of requirements - Foreign List of requirements - Foreign
Minister of Economy and Trade decision 644 year 2010 Minister of Economy and Trade decision 644 year 2010
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.
  Article 2
The executive regulations of the chambers of commerce The executive regulations of the chambers of commerce
  Article 6
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