Following three other similar decisions in April approving a total of 42 foreign companies, the Minister of Economy and Trade, Suhail Abu Shiha, approved yesterday seven decisions related to foreign companies. These decisions included opening branches, extending branch operating licenses, and authorizing commercial agencies.
The companies were Hungarian (opening a branch), Spanish (opening a branch), British (opening a branch), Qatari (opening a branch), Saudi (opening a branch), Tunisian (opening a branch), Dutch (extension of a foreign company branch) and a Libyan company.
The Ministry of Economy and Trade says this comes as part of its efforts to enhance the investment climate and encourage the expansion of foreign companies’ activities in the Libyan market.
It also said that this measure aligns with its objectives to improve Libya’s business environment, strengthen confidence in the national economy, and simplify procedures for investors, thereby contributing to attracting investments and revitalizing various economic sectors.
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 on 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.
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Minister of Economy approves four foreign and JV companies – to support Libya’s investment climate
