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Fees and timelines

Fees

payment by instalmentIncorporation 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

Other fee considerations

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

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 contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi