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Include recourse information

Include certification

Steps (28)

Prepare foreign partners documents (2)

1 Get documents certified through a Libyan embassy

2 Translate foreign partner documents

Obtain name clearance (2)

3 Notarize name clearance application documents

4 Obtain name clearance certificate

Notarize company documents (2)

5 Request documents notarization

6 Obtain notarized documents

Deposit capital (2)

7 Open local bank account

8 Obtain bank deposit letter

Pay capital tax (1)

9 Pay capital tax

Obtain registration permission (4)

★ Get documents checked for application Optional

10 Request company registration initial approval

★ Verify status of application Optional

11 Receive permission fee bill

12 Pay permission fee

13 Get registration permission

Obtain company registration certificate (5)

14 Notarize the specimen signature form

15 Request company registration certificate

16 Recieve registration fee bill

17 Pay registration fee

18 Obtain company registration certificate

Obtain chamber of commerce registration (3)

19 Request chamber of commerce registration

20 Pay fees

21 Obtain chamber of commerce registration

Obtain tax number (3)

22 Request tax number

23 Get approval

24 Obtain tax number

Obtain commercial license (3)

25 Request commercial license

26 Pay fees

27 Obtain commercial license

Activate company bank account (1)

28 Activate company bank account

Summary of the procedure

Institutions involved 9

Any Libyan embassy

Any official translation office

Notaries offices (x 4)

3 5 6 14

General commercial registry (x 6)

4 9 15 16 17 18

Any commercial bank (x 3)

7 8 28

Ministry of economy and trade (x 4)

10 11 12 13

Chamber of commerce and industry (x 3)

19 20 21

Tripoli tax administration (x 3)

22 23 24

Commercial licensing office (x 3)

25 26 27

Results 5

Name clearance certificate - PS

Company registration certificate - PS

Chamber of commerce registration certificate - PS

Tax registration number

Commercial license certificate - PS

Required Documents

Company decision MoM F-PS

Memorandum and articles of association - Foreign

Company registration certificate - Foreign

Company decision MoM F-PS - Certified (x 3)

2 5 10

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

2 5 10

Company registration certificate - Foreign - Certified (x 3)

2 5 10

Name clearance form

Declaration form - GCR

Trade name clearance form

Notarized name clearance form

Notarized declaration form -GCR

National number certificate

National ID or Passport

Name clearance certificate - PS (x 3)

5 10 15

Company decision MoM - LY - PS (x 2)

5 10

Articles of association LY-PS (x 2)

5 10

Memorandum of association LY - PS (x 2)

5 10

Company registration certificate (x 2)

5 10

Commercial license certificate - LY (x 2)

5 10

ID or Passport copy for existing company shareholders (x 2)

5 10

Company decision MoM - F- PS- Translated (x 2)

5 10

Memorandum and article - Foreign - Translated (x 2)

5 10

Company registration certificate - Foreign - Translated (x 2)

5 10

ID or Passport copy (x 4)

5 5 10 15

Clear criminal record certificate - foreign individuals (x 2)

5 10

University certificate (in accounting and law) (x 2)

5 10

Account opening application form - PS

Letter for opening bank account - PS

Notarized partnership company MoM - PS (x 3)

7 9 10

Notarized articles of association - PS (x 3)

7 9 10

Notarized memorandum of association - PS (x 2)

7 9

Company declaration for not maintaining any other bank account

Authorized signatories (ID, passport) - PS

Authorized signatories photos

Application letter for companies department - Checked

Notarized memorandum of association - Tax certified

Capital deposit letter- PS (x 2)

10 15

Local partners deposit receipt - PS

Foreign partners capital transfer (SWIFT)

ID or Passport

Permission fee bill - PS

Permission payment receipt - PS

Specimen signature form - PS

Permission cover Letter - PS

Minister of economy decision authorizing partnership company (x 5)

15 19 22 25 28

Approved partnership company MoM (x 4)

15 19 22 25

Approved partnership company memorandum of association (x 4)

15 19 22 25

Approved partnership company article of association (x 4)

15 19 22 25

Certified specimen signature form - PS

Company registration bill

Registration fee receipt -PS

Application form - Chamber of Commerce

Company registration certificate - PS (x 4)

19 22 25 28

Receipt of the registration fees

Application form - Tax

Commitment form-Tax

Lease contract or property certificate (x 2)

22 25

Chamber of commerce registration certificate - PS (x 3)

22 25 28

Representation letter - PS

Stamped commitment form - Tax

Approved commitment form - Tax

Tax registration number

Sketch drawing

Fees receipt CL-PS

Commercial license certificate - PS

Tax registration certificate

Estimated cost LYD 10,919.5

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 15 Average cost 15 LYD / page
LYD 30 The cost varies from one notary to another, usually it is not more than LYD 30 for document notarization.
LYD 3,000 The cost varies from one notary to another, usually its from 2500 to 3000 LYD
- LYD 0 - 30 % capital amount Minimum company capital required is one million LYD, each partner should deposit not less than 30% of his/her share in the capital, the total deposited amount should not be less 300000 LYD.	0 Company capital
- LYD 0 - 0.5 % capital amount 0.5% of the total capital amount	0 Company capital amount
- LYD 0 - 0.5 % total tax 0.5% processing stamp tax	0 Tax amount
LYD 5,025
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 the registration certificate	0 No of extra copies
LYD 50.5 name clearance certificate fees
LYD 2,150 Oil field manufacturing or production partnership companies
LYD 502.5 Per number of permitted operation years including 0.5% tax

Total Duration 27d - 38d

	Min.	Max.
Total time (sum):	27d	38d
of which:
Waiting time in queue (sum):	2h. 25mn	4h. 40mn
Attention at counter:	3h.	6h. 10mn
Waiting time until next step (sum):	26d	36d

Laws 14

Council of ministers resolution (228) of year 2009 regarding public services fees
Article appendix

Decision of the Minister of Economy No. 207 of 2012

Decision of the Minister of Economy No. 207 of year 2012 regrading foreign companies
articles 1-6, 2, 3, 8, 16, 17, 18

Central bank of libya decision 36 of year 2009 regarding bank accounts
Article 12

Central bank of Libya letter 4/2016 regarding chamber of commerce certificate

Commercial Law No. 23 of year 2010
articles 14, 101, 375, 482, 491

Council of ministers Resolution No. 187 of 2012

Council of ministers resolution No. 187 of year 2012 regarding the executive regulation of the GCR
articles 9, 20

The executive regulations of the chambers of commerce

Council of minsters decision (333) regarding the executive regulation of the chambers of commerce
Article 6

Decision (311) of year 2006 approving commercial activities licensing fees of table (5) of the appendix
Article 2

Decision of the Minister of Economy No. 406 of 2019

Decision of the Minister of Economy No. 406 of year 2019 regarding chamber of commerce fees
Article 1

Law No. 12 of year 2004 regarding stamp tax
Article Appendix

Minister of Economy Decree No. 644 of 2010 regarding the issuance of commercial licenses

Minister of Economy Decree No. 644 of year 2010 regarding the issuance of commercial licenses
articles 1, 2, 3, 6, 14

Partnership company registration requirements

Required documents CoC - Foreign
Article B

The executive regulations of Law No. 7 of 2010 regarding income taxes.

The executive regulations of Law No. 7 of year 2010 regarding income taxes.
articles 2, 5, 8, 56

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Institutions involved 9 expand_more expand_less

Results 5 expand_more expand_less

Required Documents expand_more expand_less

Estimated cost LYD 10,919.5

expand_more expand_less

Cost detail

Estimate your cost

Total Duration 27d - 38d expand_more expand_less

Laws 14 expand_more expand_less

Institutions involved 9

Results 5

Required Documents

Total Duration 27d - 38d

Laws 14