Doing Business in Libya

Libya offers a robust, business-friendly environment to reliably expand, trade, and invest. Under the Investment Promotion Libyan law, the property rights of foreign companies and individuals are fully protected. Furthermore, Libya offers a unique environment for non-nationals to do business – where foreign investment projects enjoy exemption from ALL taxes and customs duties.

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Foreign investors enjoy full rights and protections

  • Recruiting foreign manpower
  • Opening bank accounts in local or foreign currency
  • Re-exporting the invested foreign capital
  • Exemption from customs duties relating to employees’ personal effects
  • The right to receive the salaries outside Libya
  • The right to transfer the ownership of the project

Additional privileges and exemptions are possible

Upon approval from the Libyan Executive if those projects contribute toward any of the following points:

  • The development of the area
  • Fostering food security
  • The abundance of energy or water
  • To protect the environment

Libya is open for business!

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The ELTC is a non-political trade promotion agency  working in cooperation with the GUCC to strengthen bilateral relations between Europe and Libya.


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