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Include certification

Preview & Print

Properties

Print the full procedure

Print selected step:

Include recourse information

Include certification

Steps (13)

Prepare company documents (2)

1 Get documents certified through a Libyan embassy

2 Translate documents into Arabic

Obtain board registration permission (3)

3 Pay application fee

4 Request project approval

5 Receive permission decision

Pay capital and registration fees (2)

6 Open bank account and deposit capital

7 Obtain capital deposit letter and fee Checks

Apply for project registration (2)

8 Request project registration

9 Receive investment registry certificate

Obtain license of investment project (4)

10 Pay license fee

11 Request investment project license

12 Receive field visit (follow up team)

13 Obtain license of investment project

Summary of the procedure

Institutions involved 5

Any Libyan embassy

Any official translation office

BCD bank branch or agency

Privatization and investment board (x 7)

4 5 8 9 11 12 13

Any commercial bank (x 3)

6 7 10

Results 2

Investment registry certificate - PIB

Investment project license - PIB

Required Documents

Company decision MoM PIB

Memorandum and articles of association - Foreign

Company registration certificate - Foreign

Company decision MoM PIB - Certified (x 3)

2 4 6

Memorandum and article of association - Foreign - Certified (x 3)

2 4 6

Company registration certificate - Foreign - Certified (x 3)

2 4 6

Project Memorandum (x 2)

2 4

Establishing investment project application form

Application letter

Name clearance letter

Company decision MoM PIB - Translated (x 2)

4 6

Memorandum and article - Foreign - Translated (x 2)

4 6

Company registration certificate - Foreign - Translated (x 2)

4 6

Project Memorandum - Translated

HR replacment timetable

Bank deposit slip

ID or Passport copy (x 2)

4 4

Account opening application form - Foreign

Company declaration for not maintaining any other bank account

Minster of Economy decision cover letter

Minister of economy decision authorizing investment project

Authorized signatories ID or passport - Foreign

Investment registry application form

Signature form

Capital deposit letter - PIB

Check of investment registry fees - PIB

Check of advertising fees - PIB

Letter requesting license - PIB

Check of license fees

Project technical report and timetable

Competent authority approval

Lease contract or property certificate

Estimated cost LYD 4,450

LYD

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	0 No of pages
LYD 750 No refundable application fee
- LYD 0 - 10 % capital amount 10% of the project cash capital and no less than 200000 LYD	0 Capital amount
- LYD 0 - 0.1 % Total costs 0.1 % of the project total investment costs as the PIB services fees	0 Total investment costs cash or in kind contribution
LYD 700 500 LYD for the registration plus 200 LYD for the investment registration certificate
LYD 3,000 License fee

Total Duration 60d - 65d

	Min.	Max.
Total time (sum):	60d	65d
of which:
Waiting time in queue (sum):	1h. 5mn	1h. 55mn
Attention at counter:	1h. 20mn	4h. 40mn
Waiting time until next step (sum):	59d	64d