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Steps (28) arrow_drop_up arrow_drop_down
Prepare foreign partners documents  (2) expand_more expand_less
Obtain name clearance  (2) 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 registration permission  (4) expand_more expand_less
Obtain company registration certificate  (5) 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

5
Request documents notarization
(last modified: 15/09/2021)

Espera hasta paso siguiente

2 days  -  3 days

Contact details

Entity in charge

Notaries offices

Non-exhaustive list of notaries below, Tripoli
Website: https://ecstripoli.com/ecs/

Requirements

1. 01 - Libre deuda de patente
Name clearance certificate - PS (original)
Libyan companies 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 (original)
Foreign companies 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 sharholders
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. 01 - Libre deuda de patente
ID or Passport copy (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 until next step: Min.   2 days - Max.   3 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
Article 1-6
2. Commercial Law No. 23 of year 2010
Commercial Law No. 23 of year 2010
articles 14, 101, 375
3. Partnership company registration requirements
Partnership company registration requirements

Additional information

  • Libyan partner(s) share of the company under incorporation should not be less than 51% of the new partnership company. In case the partnership is made with Libyan individuals each Libyan citizen should hold not more than 10% of the company share but in total all Libyan partners should hold not less than the said 51% of the partnership company.
  • Foreign partner(s) share of the company under incorporation must not be more than 49% of the new partnership company. In case the partnership is made with foreign individuals each one should hold not more than 10% of the company share but in total all foreign partners should hold not more than 49% of the total share in the partnership company.
  • According to article (1) of minister of economy decision 207 of year 2012 the chairman of board of directors or the general manager of the partnership company must be a Libyan citizen.
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