Procedure and fees required for investment

Supporting documents and application for establishing

a company at MFZ by one or more juridical individuals

 

1-      Filling the application Form No.1 for establishing a company, duly signed by the investor(s).

2-      Filling the HSE Form, providing project's  environmental effects report .

3-      Brief project description.

4-      Board decision to setup a company at MFZ.

5-      Parent company's profile.

6-      The articles of incorporation and an abstract of the commercial register of the investor(s).*

7-      A bank statement and recommendation.

 

Supporting documents and application for establishing

a company at MFZ by one or more individuals

 

1-      Filling the application Form No.1 for establishing a company or a branch company, dully signed by the

         investor(s).

2-      Filling the  HSE Form attached with  the  project's environmental effects  report.

3-      Brief project description.*

4-      Bank statement and recommendation.

 

procedures for obtaining approval to setup a branch compant at MFZ

 

 

1-      Filling the application Form No.1  for establishing a company or setting up a branch company dully signed by     the investor(s).

2-      Filling the HSE Form , providing project's environmental effects report.

3-      A brief project description.

4-      Company board decision to set up a company branch at MFZ, it's assurance to comply with all financial

          obligations.

5-      Parent company's profile.*

6-      Memorandum and articles of association of the parent company.*

7-      Bank statement and recommendation.

 

 

Procedures and fees required to obtain a business license at MFZ

 

1-      Deposit the amount of ( $10,000) or the equivalent of (10%) of the gross capital , does not exceed            

              the amount of ($ 100,000).

2-      Payment for company's registration certificate of ($3,500).

3-      Open two local company bank accounts, domestic and foreign currency accounts.

4-      Deposit of a company capital in foreign currency, no less than ($100,000) in the company bank account.

5-      Assigning of company's representative, passport copy and attested signature required.*

6-      Signing of  the company's incorporation article Form .

7-      Issuing and signing of land space lease contract.

8-      Deposit the value amount of three months' rent as a rent guarantee.

9-      Receiving of site and starting preparations according to the approved technical specification .

10-   Payment for the annual rent value of ($8.00/m2) for the commercial and service activates, and ($6.00/m2) for

         the industrial activity.

11-   Payment for business startup license of ($2000.00), annually renewable fees of ($1000.00).

  

·         Documents to be endorsed by the chamber of commerce and Libyan Embassy at the investor's

          country.