Investment framework and opportunities in Libya
Procedures Relative to Foreign Investment
- Obligation to Declare
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Before being able to set up in Libya, certain documents must be presented to the Libyan Foreign Investment Board , which authorizes investment projects for a period of 5 years (within the framework of an operating license). This authorization can be extended for 3 years.
The documents to be submitted are:
- 1 application form that includes the name of the applicant, the nationality, the legal status and headquarters, the description of the project, the investment sector, the schedule of payments, the nature and amount of capital,
- 1 feasibility study,
- 1 certificate of nationality,
- the extract of the company register in the country of origin, 1 copy of the balance sheet and a certificate of non-bankruptcy.To learn more about how to open a business in Libya, you can read the report of the World Bank.
- Competent Organisation For the Declaration
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Lybian Privatization and Investment Board
- Requests For Specific Authorisations
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Apart from the domain of petroleum and associated products which comes under Law n°25 of 1955, and the tourism sector which comes under Law n°7 of 6 March 2004 and Decree n°139 of 26 August 2004, the sectors open to foreign investment include health, industry, services, tourism, agriculture or any other sector defined by a decision of the General People's Committee. Foreign investment is supported by Law n°5 amended by Law n°7 of 2003 and the decrees of application covering the fields of transfer of technology, training of Libyan technicians, diversifying of sources of revenue, participation in the development of local production in such a way as to allow it access to world markets, and realization of regional development.
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Latest Update: February 2026
Libya: Investing in Libya
