List of 7 business types you can do in Libya. The requirements on foreign companies present a number of obstructions to their freedom of …
The requirements on foreign companies present a number of obstructions to their freedom of operation. Thus, this advisory opinion highlights the legal framework pertinent to Libyan market accessibility, and the appropriate legal form and business organisation, by foreign investors under Libyan laws and jurisdiction.
Three key pieces of legislation are the 1954 Civil Code, the 1953 Code of Civil and Commercial Procedure, and the 2010 Commercial Code. In addition, there are numerous decrees from the Ghaddafi era regulating various aspects of the economy. In the past, these conflicting and opaque decrees have made it challenging for both foreign investors and local Libyan businessmen to navigate the Libyan legal system. Attempting to put Ghaddafi’s era behind,
