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.
| Different Libya entity types | Cost | Draft invoice |
|---|---|---|
| Tax resident LLC | US$20,370 | View invoice PDF |
| JSC | US$30,370 | View invoice PDF |
| Branch of a foreign company | US$24,650 | View invoice PDF |
| Representative office | US$19,550 | View invoice PDF |
Timelines
The average Libya company registration period is 25 weeks as outlined below:
| Service | LLC | Branch | Rep Office |
|---|---|---|---|
| Engagement planning | 4 weeks | 4 weeks | 4 weeks |
| Company incorporation period | 12 weeks | 35 weeks | 35 weeks |
| Bank account approval | 5 weeks | 5 weeks | 5 weeks |
| Internet banking approval | 3 weeks | 3 weeks | 3 weeks |
| Incorporation completion | 1 week | 1 week | 1 week |
| Total engagement period | 25 weeks | 48 weeks | 48 weeks |
