Ease of Doing Business in


Libya Download Profile (1574.3KB, pdf)
Region Middle East & North Africa
Income Category Upper middle income
Population 6,278,438
GNI Per Capita (US$) 6,030
City covered Tripoli



DB 2017 Rank



DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 188 188
33.19 33.33 down
Starting a Business 163 158 down
71.48 72.58 down
Dealing with Construction Permits 187 186 down
0.00 0.00
Getting Electricity 128 126 down
58.60 58.88 down
Registering Property 187 187
0.00 0.00
Getting Credit 185 185
0.00 0.00
Protecting Minority Investors 185 186 up
25.00 25.00
Paying Taxes 121 118 down
63.78 63.78
Trading across Borders 114 112 down
64.66 64.66
Enforcing Contracts 143 143
48.41 48.41
Resolving Insolvency 169 169
0.00 0.00

DB 2017 Rank:


DB 2016 Rank:


Change in Rank:


DB 2017 DTF (% points):


DB 2016 DTF (% points):


Change in DTF (% points):


Legal form Private Limited Company
Paid-in minimum capital requirement LYD 3,000
City Tripoli
Indicator Libya Middle East & North Africa OECD high income
Procedure – Men (number) info_outline 10 7.9 4.8
Time – Men (days) info_outline 35 20.2 8.3
Cost – Men (% of income per capita) info_outline 31.2 26.3 3.1
Procedure – Women (number) info_outline 10 8.6 4.8
Time – Women (days) info_outline 35 20.9 8.3
Cost – Women (% of income per capita) info_outline 31.2 26.3 3.1
Paid-in min. capital (% of income per capita) info_outline 43.4 11.2 9.2
  • No. Procedure Time to Complete Associated Costs

    Reserve a unique company name

    Agency: Company registry at the Ministry of Economy

    The business owner meets with the notary, fills out the official form with name suggestions, type of company, etc. Then the notary sends a clerk to check at the registry the availability of the name for the client. After that an official name reservation certificate is issued by the registry.

    2 days no charge

    Draft memorandum and articles of association with the Notary

    Agency: Notary

    The founders have to bring copies of their ID’s and provide relevant details on how they would like to structure the bylaws of the company.

    7 days 1% of the capital of the company or 1,000 LYD, whichever higher
    * 3

    Open a bank account and deposit paid-in minimum capital

    Agency: Commercial Bank

    The client opens a bank account while the notary is drafting the Articles of Association. To do so the client receives a letter from the notary confirming the name reservation, the capital and the founders’ names.

    3 days, simultaneous with previous procedure Depends on the bank. It is either free (usually) or 5,000 LYD for depositing the capital.

    Pay stamp duty

    Agency: Office of Tax Department at the Ministry of Economy

    The clerk from the notary’s office brings the name reservation, the ID’s, the bank receipt and the internal documents of the company (ownership structure, headquarters location, bylaws etc.) to the tax department where documents get stamped.

    7 days 0.5% of the capital or 25 LYD

    Apply and obtain registration at the commercial registry

    Agency: Company registry at the Ministry of Economy

    Stamped documents are brought to the registry by a clerk from the notary’s office. Certificate of registration is issued.

    4 days 150 LYD + 0.5% of the start-up capital

    Register at the Chamber of Commerce

    Agency: Chamber of Commerce

    A clerk from the notary’s office goes to the Chamber of Commerce and picks up the certificate from the Commercial Registry.

    2 days 162.5 LYD

    Retrieve the bank letter from the notary public

    Agency: Commercial Bank

    After obtaining the chamber of commerce and certificate of incorporation of the company, the public notary will issue a letter to the bank to activate the bank account and delegate the client to do so. The client submits the incorporation documents to the bank and completes the bank's applications in relation to the signatory on the Company's bank account.

    1 day no charge

    Notarize the company lease and Register with the Social Security Fund - Ministry of Labor

    Agency: Lease Agent

    The client obtains a lease and notarizes it. The company then registers with the social security fund and the Ministry of Labor.

    1 day no charge

    Obtain the business license

    Agency: Office of Operations license of the Ministry of Economy

    At this stage of the process the client needs the lease, the final bank account and all the previous forms. Depending on the business activity, the client needs an authorization of the relevant Ministry (e.g. Health, Food and Drug Administration etc.)

    10 days 100.5 LYD

    Obtain a company stamp

    Agency: Printing shop

    Business founders can obtain a company stamp at the Printing Shop for 20-70 LYD. A letter from the manager and a copy of the commercial extract of the company should be submitted for issuing the stamp.

    1 day 20-70 LYD

    * Takes place simultaneously with previous procedure.