Frequently Asked Questions about Libya
The following are some of the most frequently asked questions about Libya Company Incorporation: |
How long does it take to incorporate a Libyan company?
Healy Consultants can legally complete Libya company registration within two months. |
How many directors are required for a Libyan company?
A Libyan company requires one director. |
How many shareholders are required for a Libyan company?
A Libyan company requires a minimum of two shareholders. |
Are there any restrictions on the ownership of a Libya Company?
A Libyan citizen must hold a majority (ie 51% minimum) share in a Libyan limited liability company. 100% foreign ownership is permitted for certain industry sectors but can also require high capital requirements. |
What are the minimum capital requirements for a Libyan company?
The minimum investment required to complete Libya company formation can be very high. For a foreign company the capital requirements vary and are determined by government officials. |
Are there any restrictions on the business activities of a Libyan company?
The telecommunications, the financial sector, retail and wholesale operations are closed to foreign investors. |
Is a Libyan company subject to corporate tax?
The corporate tax rate in Libya ranges from 15-40%. There is also a tax jihad of 4% that applies to annual taxable income. |
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