This guide provides a concise overview of the average costs involved in establishing and maintaining a standard company in Libya as of 2025, with all figures based on the most credible public sources currently available. Detailed below are the setup requirements and annual maintenance obligations specifically for a Limited Liability Company (LLC), reflecting both regulatory fees and practical out-of-pocket expenses.
Company Setup Costs in Libya (2025)
The standard business entity in Libya for local and foreign investors is the Limited Liability Company (f ), known as LLC. The average initial creation cost for an LLC in Libya in 2025 is LYD 1,700 (Libyan Dinar). Below is a full breakdown of the startup costs:
| Cost Item | Amount (LYD) |
|---|---|
| Minimum capital requirement | LYD 1,000 |
| Commercial Registry fees | LYD 300 |
| Notary fees | LYD 200 |
| Legal documentation and lawyer fees (average) | LYD 200 |
| Total Initial Setup | LYD 1,700 |
For readers who need reference in USD, the current exchange rate (as of early 2025) is approximately 1 LYD = 0.21 USD. Conversion is as follows:
- Total Initial Setup: LYD 1,700 (357)
- Minimum capital requirement: LYD 1,000 (210)
- Commercial Registry fees: LYD 300 (63)
- Notary fees: LYD 200 (42)
- Legal documentation and lawyer fees: LYD 200 (42)
Annual Maintenance Costs: Libya in 2025
Business owners in Libya face recurring maintenance costs primarily for registry renewals and mandatory accounting. The total annual expenditure varies according to business complexity, ranging from LYD 400 to LYD 1,200 (approx. USD 84 to USD 252 at the current rate).
| Annual Maintenance Item | Amount (LYD) | Amount (USD) |
|---|---|---|
| Annual Commercial Registry renewal | LYD 200 | 42 |
| Mandatory accounting services (minimum) | LYD 200 | 42 |
| Mandatory accounting services (maximum, complex cases) | LYD 800 | 168 |
| Total Annual Maintenance (minimum) | LYD 400 | 84 |
| Total Annual Maintenance (maximum) | LYD 1,200 | 252 |
This range mainly reflects the variability in required accounting services; simpler companies can expect to pay close to the lower end of the range, while more complex entities will incur higher fees.
Pro Tips for Company Formation and Maintenance in Libya
- Carefully plan for the minimum capital requirement of LYD 1,000 (210); these funds must be fully paid in during setup.
- Set aside an annual budget for mandatory registry renewal and accounting, as fees for these are strictly enforced and late compliance can result in administrative penalties.
- Secure reputable legal and accounting advisors early to ensure correct documentation and annual compliance, especially if your business model is nonstandard or subject to extra regulation.
- Monitor official channels, such as the main Libyan government portal (gov.ly), for updates to business regulations or changes in state fees.
Key Sources
- Official data and procedures for company establishment and compliance are available on the primary Libyan government website: gov.ly
In summary, starting an LLC in Libya involves upfront costs of about LYD 1,700 (357), with annual maintenance fees ranging between LYD 400 (84) and LYD 1,200 (252). All businesses must account for both regulatory obligations and practical service fees. Setting aside sufficient budget from the outset and staying up to date with compliance requirements are the most effective ways to avoid administrative friction. Always check official Libyan government channels for the most up-to-date regulatory information before committing to new business activities.