No Result
View All Result
Tuesday, July 1, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Expertise France publishes top 20 reforms guide to improving the business environment in Libya

bySami Zaptia
June 10, 2023
Reading Time: 2 mins read
A A
Expertise France publishes top 20 reforms guide to improving the business environment in Libya

Expertise France published last Thursday the top 20 reforms guide to improving the business environment in Libya.

The guide contains ‘‘the most critical and urgent 20 economic reforms based on a large survey in which more than 600 Libyan companies participated’’, Expertise France reported.

Here are the top 20 business reforms needed in Libya:

  1. Making equipment leasing possible for Libyan enterprises
  2. Implementing the International Accounting Standards in Libya
  3. Introducing clear legal grounds for both the late or non-payment of taxes without penalty and for appeal possibilities against fines, especially in the case of force majeure
  4. Reforming / Abolishing the stamp tax
  5. Enabling the official registration of limited liability companies with LD 1 capital
  6. Reducing the minimum capital or deposit for Libyan enterprises with foreign capital
  7. Enabling the official registration of single-person companies with 1 shareholder
  8. Abolishing the practice of demanding a minimum amount of company capital to be eligible for public tenders
  9. Lowering the official legal fees for enterprise registration and registration renewal
  10. Introducing speedy and effective procedure for enterprise interim relief
  11. Creating an effective and operational registry of intellectual property rights
  12. Enabling online payments by credit card
  13. Reinstating letters of credit for the international payment of imported goods
  14. Cancelling the minimum legal number of orders, the restricted product list, and the mandatory resort to foreign wholesale intermediaries for the import of goods and lifting enterprise quotas for international transfers
  15. Increasing the Central Bank of Libya’s accountability to the public and enterprises
  16. Reinstating inter-banks clearing operations
  17. Setting up compulsory social security coverage for private sector employees
  18. Enforcing the prohibition to work in both the public and private sector
  19. Adopting a public transport infrastructure development policy
  20. Adopting a policy against red tape and negative attitudes towards enterprises in the public sector

 

Expertise France implements training for Digital Lab team (libyaherald.com)

RELATED POSTS

EU4SKILLS project kicks off to boost jobs and close the skills gap in Libya

Digital Lab launches “Innovations Map” to connect Libya’s digital innovators

Expertise France to implement new €700,000 Raqameyon digitalisation project (libyaherald.com)

A workshop on free zones organized by Expertise France was held in Tunis 21 to 22 February (libyaherald.com)

Expertise France holds workshop for Libyan Tax Authority on digitising its services (libyaherald.com)

CBL meets Expertise France – discusses Fintech, credit bureau and microfinance (libyaherald.com)

Sahary Bank and Expertise France discuss establishing SME financing units (libyaherald.com)

Expertise France to support Libya’s promotion of industrial sector (libyaherald.com)

Expertise France hails its five diversification projects in Libya (libyaherald.com)

Expertise France and UNICEF to help Libyan youth in entrepreneurship (libyaherald.com)

 

Tags: business reformsExpertise Franceimproving business environment

Related Posts

LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

LBC establishes first private-sector led industrial financing fund in Libya

June 30, 2025
CBL goes public at last about the counterfeit LD 50 notes – notes to be withdrawn until end of August
Business

CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on Attorney General to open investigation

June 30, 2025
Three Libyan companies win awards in Athens International Olive Oil Competition ‎
Business

Three Libyan companies win awards in Athens International Olive Oil Competition ‎

June 29, 2025
Libyan Export Promotion Centre discusses with Italian Chamber export of olive oil, dates and tuna to Italy and Europe
Business

Libyan Export Promotion Centre (LEPC) transferred to be under authority of Prime Minister’s Office

June 29, 2025
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Libyan and Omani Economy Ministers meet – agree to activate several existing agreements and hold a business forum

June 29, 2025
First scheduled flight lands at Kufra airport – good news for Libya’s wider aviation sector
Business

First scheduled flight lands at Kufra airport – good news for Libya’s wider aviation sector

June 27, 2025
Next Post
Libyan American Company holds workshop in Benghazi on food production and storage pest control

Libyan American Company holds workshop in Benghazi on food production and storage pest control

EUBAM delivers first aid medical equipment to Border Guards and Interior Ministry

EUBAM inaugurates Libyan Border Guard Training Centre

ADVERTISEMENT

Top Stories

  • NOC announces force majeure at Zawia port

    NOC signs MoU with Turkish oil company TPAO for geological and geophysical study of four marine areas

    0 shares
    Share 0 Tweet 0
  • Libyan Italian Forum concludes with the signing of 98 MoUs

    0 shares
    Share 0 Tweet 0
  • Italian airliner ITA lands at Benghazi’s Benina airport for the first time in 14 years

    0 shares
    Share 0 Tweet 0
  • First scheduled flight lands at Kufra airport – good news for Libya’s wider aviation sector

    0 shares
    Share 0 Tweet 0
  • CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on Attorney General to open investigation

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

LBC establishes first private-sector led industrial financing fund in Libya

CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on Attorney General to open investigation

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.