The Tripoli based Libyan Minister of Economy and Trade approved, last Thursday (23 April), several decisions related to 12 foreign and joint venture companies, including the extension of branch licenses, the addition of new activities, and the establishment of commercial agencies.
This measure comes within the framework of the Ministry’s efforts to enhance the business environment, encourage the entry of foreign and joint venture companies into the Libyan market, raise confidence in the national economy, and facilitate procedures for investors, thereby contributing to supporting investments and revitalizing various economic sectors.
The 12 companies included: Turkish, British, Tunisian, Emirati, Malaysian, Romanian, Algerian and Mauritius companies.
Follow up on US State Department’s Investment Climate Report on Libya
It will be recalled that a meeting of the Tripoli Libyan government team tasked with following up on the US State Department’s Investment Climate Report was held in Tripoli last Monday (13 April), pursuant to Prime Minister’s Resolution No. (593) of 2025.
The meeting discussed ways to enhance the attraction of foreign investment, expand economic partnerships, and work towards creating a more competitive and attractive investment environment, thereby contributing to supporting the economic development process.
The attendees also reviewed the progress made in implementing the investment climate reform measures matrix, the achievements of the unified digital window project to simplify procedures for registering foreign companies, the review and development of several executive regulations, and the follow-up on related restructuring files.
The meeting concluded by emphasizing the adoption of a work mechanism based on periodic and executive follow-up of the reform matrix, in order to ensure improved performance efficiency, address challenges continuously, and enhance the competitiveness of the investment climate in Libya.
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