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Steps (24) arrow_drop_up arrow_drop_down
Prepare registration documents  (4) expand_more expand_less
Obtain registration certificate  (10) 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

3
Open local bank account
(last modified: 15/09/2021)

Timeframe ( ver detalles )

Espera hasta paso siguiente

25 mn  -  45 mn
7 days  - 

Contact details

Entity in charge

Any commercial bank

Requirements

Initial requirements
1. 01 - Libre deuda de patente
Account opening application form - Foreign (original)
2. 01 - Libre deuda de patente
Company declaration for not maintaining any other bank account (original)
3. 01 - Libre deuda de patente
Company decision- MoM - Foreign - Certified (Simple copy)
4. 01 - Libre deuda de patente
Company decision- MoM - Translated (Simple copy)
5. 01 - Libre deuda de patente
Memorandum and article of association - Foreign - Certified (Simple copy)
6. 01 - Libre deuda de patente
Memorandum and article - Foreign - Translated (Simple copy)
7. 01 - Libre deuda de patente
Company registration certificate - Foreign - Certified (Simple copy)
8. 01 - Libre deuda de patente
Company registration certificate - Foreign - Translated (Simple copy)
9. 01 - Libre deuda de patente
Authorized signatories ID or passport - Foreign (Simple copy)
10. 01 - Libre deuda de patente
Authorized signatories photos (x2) (2 original )

Time frame

Waiting time in queue: Min.   10mn - Max.  15mn
Attention at counter: Min.   15mn - Max.   30mn
Waiting time until next step: Min.   7 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 8, 18
2. 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
3. Central bank of Libya letter 4/2016 regarding chamber of commerce certificate
Central bank of Libya letter 4/2016 regarding chamber of commerce certificate

Additional information

Account opening requirements may differ from bank to another, in addition to the above requirements the following documents must be provided when ready in order to activate the account (See step 24):
  • Minister of economy permission authorizing company branch
  • Branch commercial registry certificate
  • Branch commercial license
  • Chamber of commerce registration certificate
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