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Procedure And Fees

required for investment

Supporting documents and applications for establishing company at MFZ

by one or more juridical individuals

  • Filling out application Form No.1 for establishing a company, duly signed by the investor(s).
  • Filling out the HSE Form, providing the project’s environmental effects report.
  • Brief project description.
  • Board decision to set up a company at MFZ.
  • Parent company’s profile.
  • The articles of incorporation and an abstract of the commercial register of the investor(s).
  • A bank statement and recommendation.
  • Suitable investment environment in all fields.

Supporting documents and application for establishing a company at MFZ

by one or more individuals

  • Filling out application Form No.1 for establishing a company or a branch company, duly signed by the investor(s).
  • Fill out the  HSE Form attached with the project’s environmental effects report.
  • Brief project description.
  • A bank statement and recommendation.

Procedures for obtaining approval to setup a branch company at MFZ

 

  • Filling out application Form No.1  for establishing a company or setting up a branch company duly signed by the investor(s).
  • Filling out the HSE Form , providing the project’s environmental effects report.
  • A brief project description.
  • Company board’s decision to set up a company branch at MFZ, it’s an assurance to comply with all financial obligations.

  •  Parent company’s profile.

  • Memorandum and articles of association of the parent company.
  • Bank statement and recommendation.

Procedures and fees

 required to obtain a business license at MFZ 

Documents to be endorsed by the chamber of commerce and Libyan Embassy at the investor’s country

  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 the company’s registration certificate of ($3,500).
  3. Open two local company bank accounts, domestic and foreign currency accounts.
  4. Deposit of 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 the site and start preparations according to the approved technical specification.
  10. Payment for the annual rent value of ($8.00/m2) for commercial and service actiactivitiesd ($6.00/m2) for industrial activity.
  11. Payment for business startup license of ($2000.00), annually renewable fees of ($1000.00).