1. Register a local company
print

Preview & Print

Properties

Preview & Print

Properties

Steps (15) arrow_drop_up arrow_drop_down
Obtain name clearance  (1) expand_more expand_less
Prepare company documents  (2) expand_more expand_less
Obtain company registration certificate  (4) expand_more expand_less
Obtain chamber of commerce registration certificate  (3) expand_more expand_less
Obtain tax number  (2) expand_more expand_less
Obtain commercial license  (3) expand_more expand_less

arrow_drop_up arrow_drop_down
Summary of the procedure

Institutions involved 6 expand_more expand_less

General commercial registry (x 5)
1 4 5 6 7
Notaries offices
2
Any commercial bank
3
Chamber of commerce and industry (x 3)
8 9 10
Tripoli tax administration (x 2)
11 12
Commercial licensing office (x 3)
13 14 15

Results 4 expand_more expand_less

Company registration certificate
7
Registration certificate- chamber of commerce
10
Tax registration number
12
Commercial license
15

Required Documents expand_more expand_less

Trade name clearance form
1
Name clearance form
1
National number certificate (x 2)
1 2
National ID or Passport (x 6)
1 2 3 5 8 11
Letter of opening a commercial account
3
Memorandum of association
4
Minutes of meeting (x 4)
4 5 8 11
Articles of association (x 4)
4 5 8 11
List of contents issued by notary
5
Trade name clearance certificate
5
Capital deposit slip
5
Memorandum of association - Tax Certified (x 3)
5 8 11
Company registration fees bill
6
Company registation fees receipt
7
Application form - Chamber of Commerce
8
Company registration certificate (x 3)
8 11 13
Receipt of the registration fees
10
Application form - Tax
11
Commitment form-Tax
11
Representation letter - LC
11
Approved commitment form
12
Tax registration number
13
Registration certificate- chamber of commerce
13
Real estate lease or ownership contract
13
Fees receipt
15

Estimated cost LYD  2,056

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 1,600
Average cost. Usually the cost varies from one notary to another.
LYD 0 -
0.5 % capital amount
0.5% of the total capital
0 mode_edit
Capital amount
LYD 0 -
0.5 % total tax
0.5% processing stamp tax
0 mode_edit
Tax amount
LYD 206
LYD 250
Joint stock and limited liability companies with a capital less than 100.000 dinars
LYD 0 -
LYD  100.5 per year
Limited liability company including 0.5% tax
0 mode_edit
No of license years

Total Duration 2d 1/2 - 3d 1/2  expand_more expand_less

  Min. Max.
Total time (sum): 2d 1/2 3d 1/2
of which:
Waiting time in queue (sum): 1h. 55mn 3h. 45mn
Attention at counter: 1d 7h. 15mn
Waiting time until next step (sum): 1d 2d

Laws 11 expand_more expand_less

Commercial Law No. 23 of 2010 Commercial Law No. 23 of year 2010
  articles 14, 24, 101, 271, 272, 273, 274, 275, 276, 482, 485, 491, 1331
Commercial Law No. 23 of year 2010 - ENG Commercial Law No. 23 of year 2010 (English)
  articles 14, 24, 101, 271, 272, 273, 274, 275, 276, 482, 485, 491, 1331
Council of ministers decision (186) of year 2012 - JSC Council of ministers decision (186) of year 2012 - JSC
  Article 1
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 2, 7, 9, 12
The executive regulations of the chambers of commerce Council of minsters decision (333) regarding the executive regulation of the chambers of commerce
  articles 6, 8
Decision (311) of year 2006 approving commercial activities licensing fees Decision (311) of year 2006 approving commercial activities licensing fees of table (5) of the appendix
  articles 3, 6
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
Decision of the Minister of Economy No. 406 of year 2019 regarding chamber of commerce fees (English) Decision of the Minister of Economy No. 406 of year 2019 regarding chamber of commerce fees (English) Unofficial translation
Law No. (12) of year 2004 for tax stamp Law No. 12 of year 2004 regarding stamp tax of appendix table
  articles 30-A, 36
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
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.
  Article 2
Powered by eRegulations ©, a content management system developed by UNCTAD's Business Facilitation Program and licensed under Creative Commons License