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Home Business

Ministry of Economy and Trade bans all retail and wholesale commercial activity by non-Libyans

bySami Zaptia
May 24, 2022
Reading Time: 1 min read
A A
Ministry of Economy discusses activating role of Credit Guarantee Fund in supporting the economy: Report and analysis

(Logo: The Ministry of Economy and Trade).

The Minister of Economy and Trade issued Resolution No. 508 of 2022 yesterday which prohibits the practice of all retail or wholesale commercial activities by non-Libyans.

The Municipal Guard offices, labour inspection offices and all the control authorities are to take legal measures for violations, in particular for practice of the following by foreigners:

1-Sale and purchase transactions, whether directly or on behalf of others.

2-The rent bakeries and shops for themselves.

3-Carrying out real estate brokerage.

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