Doing Business in Libya - Ahmed Ghattour

A Guide for

Doing Successful Business in Libya

“Libya presents enticing investment prospects for foreign companies and is actively involved in implementing reforms to improve its business environment, making it more appealing to foreign investors. Cultivating personal relationships is essential in business transactions to build trust and rapport with potential customers in Libya. Feel free to explore our guide for deeper insights.”

Business Environment

The oil industry remains crucial to Libya’s economy and Libya has also launched a program to attract investors to oil exploration and production.

Foreign Investment & Trade

Libya is encouraging investment opportunities to foreign firms and making serious reforms to make the business environment more attractive for foreign investors.

Business Entities

Libyan law requires that all companies formed in Libya must be Libyan-controlled. Foreign companies operating in Libya tend to operate through a branch or a branch of a subsidiary.

Labour Relations

Libya has a workforce of approximately one million, of which 31% work in the industry, 27% are involved in services.

Stock Market

Libyan Stock Market is considered an important branch in the domestic economy and provides the opportunity to invest the resources and capital to attract both national and international investors.

Useful Information

Visitors require a visa. The issue of visas is carefully controlled and mostly confined to those actually working in Libya, or those visiting the country as part of groups run by local tour operators.