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Properties

Steps (23) arrow_drop_up arrow_drop_down
Obtain name clearance  (5) expand_more expand_less
Prepare company documents  (3) expand_more expand_less
Obtain company registration certificate  (5) expand_more expand_less
Obtain chamber of commerce registration certificate  (3) expand_more expand_less
Obtain company seal  (1) expand_more expand_less
Obtain tax number  (3) expand_more expand_less
Obtain commercial license  (3) expand_more expand_less

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Summary of the procedure

Institutions involved 7 expand_more expand_less

Notaries offices (x 3)
General commercial registry (x 9)
Any commercial bank
Chamber of Commerce and Industry (x 3)
Seals industry shops
Tax Authority / Large taxpayers office (x 3)
Commercial licensing office (x 3)

Results 4 expand_more expand_less

Company registration certificate
Registration certificate-Chamber of commerce
Tax registration number
Commercial license

Required Documents expand_more expand_less

Name clearance form
Application form
Trade name clearance form
Notarized name clearance form
National number certificate (x 2)
National ID or Passport (x 8)
Documents receipt (x 2)
Fee receipt - LC
Letter of opening a commercial account
Capital deposit confirmation letter (x 2)
Deposit slip (x 2)
Name clearance certificate
Memorandum of association (x 5)
Minutes of meeting (x 5)
Articles of association (x 5)
List of contents issued by notary
Name clearance certificate
Company registration fees bill
Company registry fees receipt
Application form - Chamber of Commerce
Company registration certificate (x 4)
Receipt of the registration fees
Application form - Tax
Commitment form-Tax
Stamped commitment form
Approved commitment form
Real estate lease or ownership contract
Sketch drawing
Tax registration number
Registration certificate-Chamber of commerce
Fees receipt

Estimated cost LYD  4,836.5

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 30
The cost varies from one notary to another, usually it is not more than LYD 30
LYD 50.5
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
Capital amount
LYD 0 -
0.0025 % capital amount
0.0025% processing fees
Capital amount
LYD 206
LYD 250
Oil services companies. Fuel and oils distribution with a capital of 100.000 dinars and less
LYD 1,150
Oil services companies, oil equipment import and wells drilling
LYD 250
Partnerships and limited liability companies with a capital less than 100.000 dinars
LYD 1,150
Insurance companies, banks and exchange services.
LYD 50
LYD 100
A limited liability company

Total Duration 9d - 13d  expand_more expand_less

  Min. Max.
Total time (sum): 9d 13d
of which:
Waiting time in queue (sum): 2h. 35mn 6h. 5mn
Attention at counter: 7h. 5mn 4h. 35mn
Waiting time until next step (sum): 7d 11d

Laws 8 expand_more expand_less

Commercial Law No. 23 of 2010 Commercial Law No. 23 of 2010
  articles 14, 24, 101, 271, 272, 273, 274, 275, 276, 485, 491
Council of ministers decision (186) of year 2012 - JSC Council of ministers decision (186) of year 2012 - JSC
  Article 1
council of ministers Decision No. 729 of 2007 regarding commercial license fees Council of ministers Decision No. 729 of 2007 regarding commercial license fees
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
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
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
  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.
  articles 2, (5)
The executive regulations of the chambers of commerce The executive regulations of the chambers of commerce
  Article 6
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