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Libya Company Set Up Procedures

Libya company set up is complex and time consuming, requiring in-depth knowledge of the country's business conditions on the ground. Healy Consultants takes a logical approach to Libya company set up, setting out a clear engagement plan which typically evolves as follows:
1.
Prior to Libya company set up, our client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office.
2.
Healy Consultants provides our client with a detailed engagement plan, outlining a roadmap for upcoming engagement, thus minimising unwanted surprises and meeting client expectations.
3.
Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our client.
4.
Our client confirms the Libya corporate structure, including shareholders and directors. Only then will Healy Consultants start company incorporation.
5.
Healy Consultants Incorporation Team performs a company name search with the  relevant authorities and, if approved, we begin incorporation of your Libya company.
6.
Healy Consultants Incorporation Team emails the following corporate documents to our client for his signature and return to us: Consent to Act as director and shareholder and Memorandum and Articles of Association.
7.
Healy Consultants will present the company’s Memorandum and Articles to the Government in a petition for incorporation.
8.
Healy Consultants will pay the full share capital up in advance of incorporation. This amount will be deposited with an Libyan bank in a designated company incorporation type account. The bank will then release a special certificate, addressed to the designated notary, responsible for concluding incorporation formalities.
9.
Healy Consultants’ Incorporation Team receives an email of the Certificate of Incorporation from the authorities. Our team will immediately email the same to you.
10.
Upon receipt of original client signed corporate documents, Healy Consultants  couriers a company kit folder (to our client’s preferred international address) containing the following corporate documents:
  • Original copy of Libya Certificate of Incorporation;
  • An original bound copy of the Memorandum and Articles of Association;
  • Original share certificates;
  • client feedback form.
11.
To support Libya company set up, Healy Consultants' banking team completes corporate bank account opening for our client. The account includes world-class multi-currency internet banking facilities.
12.
To support Libya company set up, Healy Consultants provides our client with a local business address in Libya for invoicing purposes, along with telephone, fax and email support.
13.
Healy Consultants assists our client with business website building, search engine advertising, as well as stationery and logo design, to support Libya company set up.
14.
To support Libya company set up, Healy Consultants assists our client in obtaining corporate finance, trade finance and opening merchant accounts to accompany Libya company set up.
15.
If required, Healy Consultants assists our client to locate business premises in Libya and recruit local staff to support Libya company set up.
Contact Us
For more information on Libya company set up, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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