Company Registration in Libya

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent real estate
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
Оn request Оn request Оn request
Accounting services
Оn request Оn request Оn request
Annual renewal (paid from the second year)
Оn request Оn request Оn request

Deal of the month

If you will register a company until May 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Libya is an African state that has a huge potential for growth and, among others, arranging different production processes. The agricultural and oil sectors are well-developed as well. Incorporating a new business in Tripoli or any other city of this state may appear to be a good idea in view of the next features of the state.

Why Set up a Company in Libya?

If you consider the options to create or buy a ready-made company in Libya, either of those can make available these must-have benefits:

  • plenty of deposits of natural resources;
  • low-cost manpower involvement;
  • beneficial terms of taxation;
  • signed double-tax treaties with multiple states.

Legal and Organizational Forms

If you wish to form a company in Libya or establish your official presence in any alternative way, these registration solutions are available:

  • Joint venture – a business form that is allowed for non-resident investors and requires the involvement of a local partner who should own at least 51% of the company’s capital. The obligations of shareholders are narrowed in this case to the extent of their investments only. A minimal starting capital of LYD 1,000,000 is expected.
  • Branch – this option is suitable for a non-resident company that is going to conduct in Libya the same types of commercial activities as abroad. A branch will help to arrange business relations with local contractors and customers but it will require LYD 250,000 to be invested at least. 100% liability over the debts and obligations of a branch will be reserved after its parent company.

Steps for Company Incorporation in Libya

Establishing a company in Libya generally requires these steps to pass:

  1. Selecting and verifying a trading name for a future enterprise.
  2. Collecting the details about promoters, final beneficiaries, managers, and a mother company (if any).
  3. Depositing at least 30% of the declared starting capital.
  4. Drafting and formalizing statutory documents and application forms for a perspective company.
  5. Contributing obligatory registration fees and submitting the set of registration documents for consideration to the local Ministry of Economy and Trade. Entering the information about a newly-formed company in the Commercial Registry.
  6. Registration of a new enterprise for tax and social security purposes.
  7. Opening corporate bank accounts.
  8. Applying for and obtaining a license or special permit that may be needed for a specific type of regulated activity.

Legal and Regulatory Aspects

The Libyan approach to business regulation is protectionist in nature. It requires a local partner to be present in the list of shareholders and his/her minimal share of 51%. The single exception when even one foreign businessman may incorporate and manage a company in Libya is when such an investor contributes more than LYD 5,000,000 to a local enterprise.

There are also certain bureaucratic formalities that have to be addressed properly. Getting a license or permit may be required in certain cases. Prifinance attorneys are prepared to guide you in the course of incorporating a new entity in Libya.

Taxation in Libya

Your suggested business goal of buying or starting a company in Libya should be assessed along with the next points of taxation:

  • Profit tax (for businesses) – 24%
  • Income tax (for individuals) – 13%
  • Value-added tax – not applicable
  • Withholding tax (for non-residents) – not applicable
  • Capital gains tax – (1) for business forms – see profit tax (1) for individuals – see income tax.

How Prifinance Attorneys Can Assist You

If your supposed business objective is to create or buy a company in Libya, Prifinance attorneys are prepared to assess this option comprehensively taking into account the background of your case. Share the details and enjoy professional legal assistance gained through more than 11 000 projects completed worldwide.


Our clients

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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again