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.
A Guide of Doing Successful Business in Libya
Libya offers encouraging investment opportunities to foreign firms and contributes to the reforms making its business environment more attractive to foreign investors. In business deals, personal relationships are crucial to establish trust and rapport with potential customers in Libya. Read our guide to get more insights.
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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.