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Steps (31) arrow_drop_up arrow_drop_down
Prepare foreign partners documents  (2) expand_more expand_less
Obtain name clearance  (5) expand_more expand_less
Notarize company documents  (2) expand_more expand_less
Deposit capital  (2) expand_more expand_less
Pay capital tax  (1) expand_more expand_less
Obtain company registration certificate  (9) 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

13
Request company registration initial approval
(last modified: 15/09/2021)

Timeframe ( ver detalles )

Espera hasta paso siguiente

5 mn  -  15 mn
15 days  -  30 days

Contact details

Entity in charge

Ministry of economy and trade

Alseraj, Tripoli
Tel: +218 21 363 1313
Email: info@economy.gov.ly
Website: www.economy.gov.ly
Directions: Google maps

Unit in charge

Archives and records managment unit

Mon: 08:00 - 14:00
Tue: 08:00 - 14:00
Wed: 08:00 - 14:00
Thu: 08:00 - 14:00
Fri: closed
Sat: closed
Sun: 08:00 - 14:00

Person in charge

Ali Shwairif

Incoming / outgoing mail responsible
Tel: +218 21 340 2921 - Ext137

Expected results

Documents reception stamp - PS

Requirements

1. 01 - Libre deuda de patente
Application letter for companies department - Checked (original)
Partnership company documents
1. 01 - Libre deuda de patente
Notarized partnership company MoM - PS (3 original )
2. 01 - Libre deuda de patente
Notarized articles of association - PS (3 original )
3. 01 - Libre deuda de patente
Notarized memorandum of association - Tax certified (3 original )
4. 01 - Libre deuda de patente
Capital deposit letter- PS (original)
5. 01 - Libre deuda de patente
Local partners deposit receipt - PS (original)
6. 01 - Libre deuda de patente
Foreign partners capital transfer (SWIFT) (original)
7. 01 - Libre deuda de patente
Name clearance certificate - PS (original)
Libyan company documents
1. 01 - Libre deuda de patente
Company decision MoM - LY - PS (original)
2. 01 - Libre deuda de patente
Articles of association LY-PS (original)
3. 01 - Libre deuda de patente
Memorandum of association LY - PS (original)
4. 01 - Libre deuda de patente
Company registration certificate (original)
5. 01 - Libre deuda de patente
Commercial license certificate - LY (original)
6. 01 - Libre deuda de patente
ID or Passport copy for existing company shareholders (Simple copy)
Foreign company documents
1. 01 - Libre deuda de patente
Company decision MoM F-PS - Certified (original)
2. 01 - Libre deuda de patente
Company decision MoM - F- PS- Translated (original)
3. 01 - Libre deuda de patente
Memorandum and article of association - Foreign - Certified (original)
4. 01 - Libre deuda de patente
Memorandum and article - Foreign - Translated (original)
5. 01 - Libre deuda de patente
Company registration certificate - Foreign - Certified (original)
6. 01 - Libre deuda de patente
Company registration certificate - Foreign - Translated (original)
Individual shareholders
1. 01 - Libre deuda de patente
ID or Passport copy (Simple copy)
ID or Passport copy for Libyan individuals and/or passport copy for foreign individuals
2. 01 - Libre deuda de patente
Clear criminal record certificate - foreign individuals (original)
Monitoring committee
1.
ID or Passport (Simple copy)
For the head and the members of the monitoring committee
2. 01 - Libre deuda de patente
University certificate (in accounting and law) (original)
Company monitoring committee should consist of lawyers and accountants.

Time frame

Waiting time in queue: Max.  5mn
Attention at counter: Min.   5mn - Max.   10mn
Waiting time until next step: Min.   15 days - Max.   30 days

Legal justification

1.  Decision of the Minister of Economy No. 207 of year 2012 regrading foreign companies
Decision of the Minister of Economy No. 207 of year 2012 regrading foreign companies
articles 16, 17

Additional information

Article 17 of the minister decision 207 states foreign companies department should study and transfer the request to open a partnership company to the minister office within maximum 15 days where a minister decision about it should be taken within 30 days. The companies department then must contact the applicant within 15 days maximum.
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