Fees and timelines

Fees

Incorporation costs in Year 1 amount to US$10,370 and annual company costs in Year 2 and thereafter amount to US$0. The average total fees per Libya engagement amounts to US$20,370, including company incorporation, company secretary and corporate bank account. Refer to draft invoice embedded here.

 LLCJSCBranch officeRep office
Average Engagement costsUS$20,370US$28,370US$22,650US$14,705
Draft invoiceLibya LLC invoiceLibya JSC invoiceLibya branch office invoiceLibya Rep office invoice

Timelines

The average Libya company registration period is 25 weeks as outlined below:

Service LLCBranchRep Office
Engagement planning4 weeks4 weeks4 weeks
Company incorporation period12 weeks35 weeks35 weeks
Bank account approval5 weeks5 weeks5 weeks
Internet banking approval3 weeks3 weeks3 weeks
Incorporation completion1 week1 week1 week
Total engagement period25 weeks48 weeks48 weeks

libya business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Libya, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
Libya investment authority Libya government Libya customs Libya chamber of commerce Central bank of Libya Libyan airlines Libya ministry of finance