Procedure And Fees
required for investment
Supporting documents and applications for establishing company at MFZ
by one or more juridical individuals
- Filling the application Form No.1 for establishing a company, duly signed by the investor(s).
- Filling the HSE Form, providing project’s environmental effects report.
- Brief project description.
- Board decision to setup 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 of all fields.
Supporting documents and application for establishing a company at MFZ
by one or more individuals
- Filling the application Form No.1 for establishing a company or a branch company, dully signed by the investor(s).
- Filling 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 compant at MFZ
- Filling the application Form No.1 for establishing a company or setting up a branch company dully signed by the investor(s).
- Filling the HSE Form , providing project’s environmental effects report.
- A brief project description.
Company board decision to set up a company branch at MFZ, it’s 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
- Deposit the amount of ( $10,000) or the equivalent of (10%) of the gross capital , does not exceed the amount of ($ 100,000).
- Payment for company’s registration certificate of ($3,500).
- Open two local company bank accounts, domestic and foreign currency accounts.
- Deposit of a company capital in foreign currency, no less than ($100,000) in the company bank account.
- Assigning of company’s representative, passport copy and attested signature required.*
- Signing of the company’s incorporation article Form .
- Issuing and signing of land space lease contract.
- Deposit the value amount of three months’ rent as a rent guarantee.
- Receiving of site and starting preparations according to the approved technical specification .
- Payment for the annual rent value of ($8.00/m2) for the commercial and service activates, and ($6.00/m2) for the industrial activity.
- 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