Misurata Free Zone
With over 350,000 containers handled annually, Misrata Free Zone is the largest seaport in Libya and a nerve center for businesses worldwide. Located in the country’s third largest city, the free zone offers many advantages for businesses, including:
- 0% personal or corporate income taxes
- 0% Customs duties or import/export taxes
- 0% value-added tax
- 100% capital and profit repatriation allowance
- No restrictions on recruiting labour
- Reliable & inexpensive power
- Possibility of transferring ownership
- No restrictions on cargo traffic
Furthermore, power is reliable and affordable, and land is widely available. Ground rents were $2.50 per sq metre for commercial and service sector companies, while rent for industrial firms stood at $1.50 per sq metre annually. Business licences are competitively priced and the minimum deposit to operate is $100,000 per company.
These favourable conditions have helped attract many international businesses to the trade zone, including:
- Toyota
- Nissan
- Al Naseem
- Albayrak Group
- Medserv Energy
- Brega Petroleum Marketing Company
As a result, the Free Zone has become the most important hub for trade and investment in Libya.