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Properties

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

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Summary of the procedure

Institutions involved 9 expand_more expand_less

Any Libyan embassy
Any official translation office
Notaries offices (x 4)
General commercial registry (x 6)
Any commercial bank (x 3)
Ministry of economy and trade (x 4)
Chamber of commerce and industry (x 3)
Tripoli tax administration (x 3)
Commercial licensing office (x 3)

Results 5 expand_more expand_less

Name clearance certificate - PS
Company registration certificate - PS
Chamber of commerce registration certificate - PS
Tax registration number
Commercial license certificate - PS

Required Documents expand_more expand_less

Company decision MoM F-PS
Memorandum and articles of association - Foreign
Company registration certificate - Foreign
Company decision MoM F-PS - Certified (x 3)
Memorandum and article of association - Foreign - Certified (x 3)
Company registration certificate - Foreign - Certified (x 3)
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 4)
Company decision MoM - LY - PS (x 2)
Articles of association LY-PS (x 2)
Memorandum of association LY - PS (x 2)
Company registration certificate (x 2)
Commercial license certificate - LY (x 2)
ID or Passport copy for existing company shareholders (x 2)
Company decision MoM - F- PS- Translated (x 2)
Memorandum and article - Foreign - Translated (x 2)
Company registration certificate - Foreign - Translated (x 2)
ID or Passport copy (x 4)
Clear criminal record certificate - foreign individuals (x 2)
University certificate (in accounting and law) (x 2)
Account opening application form - PS
Letter for opening bank account - PS
Notarized partnership company MoM - PS (x 3)
Notarized articles of association - PS (x 3)
Notarized memorandum of association - PS (x 2)
Company declaration for not maintaining any other bank account
Authorized signatories (ID, passport) - PS
Authorized signatories photos
Capital deposit letter- PS (x 3)
Application letter for companies department - Checked
Notarized memorandum of association - Tax certified
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)
Approved partnership company MoM (x 4)
Approved partnership company memorandum of association (x 4)
Approved partnership company article of association (x 4)
Certified specimen signature form - PS
Company registration bill
Registration fee receipt -PS
Application form - Chamber of Commerce
Company registration certificate - PS (x 4)
Receipt of the registration fees
Application form - Tax
Commitment form-Tax
Lease contract or property certificate (x 2)
Chamber of commerce registration certificate - PS (x 3)
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

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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 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.
Company capital
LYD 0 -
0.5 % capital amount
0.5% of the total capital amount
Company capital amount
LYD 0 -
0.5 % total tax
0.5% processing stamp tax
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
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  expand_more expand_less

  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 expand_more expand_less

 Council of ministers resolution (228) of year 2009 regarding public services fees 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 Central bank of libya decision 36 of year 2009 regarding bank accounts
  Article 12
Chamber of commerce letter 4/2016 Central bank of Libya letter 4/2016 regarding chamber of commerce certificate
Commercial Law No. 23 of 2010 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 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 for tax stamp 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 Partnership company registration requirements
Required documents CoC - Foreign 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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