Business Opportunities in Libya


Libya represents a USD 30 Billion direct-investment market, a prime opportunity for companies seeking their share of new export business or taking the opportunity for a sustainable investment in Libya.

Libya is embarking on a new era of world relations with an enormous potential for economic growths. To achieve this rapidly growth the foreign investment law has been adjusted to provide the opportunity for foreign equity ownership of companies and fully licensed supported with the possibility of attractive incentives.

The major fields in which Libya is looking for investment and foreign expertise are:

Oil, gas and petrochemicals industry
Industrial plants / Mining projects
Constructions / Real estate
Agriculture / Food industry
Infrastructure Tourism

In the area of oil and gas industry, with its proven 40 billion dollars of oil deposits and natural gas reserves of 1.31 trillion cubic meters Libya has reached the level of an major export oil partner in Europe. Libya is interested to expand to develop the existing ones and to promote its oil refining capabilities.

The oil and gas industry is the driving force behind Libya’s economic development, providing the massive investments needed for the country’s ambitious infrastructure plans and generates a high demand for any kind of industry productions. Libya is also keen to strengthen individual different export areas.

The economic change demands the development for projects as highways, roads, airports, residential compounds, commercial districts, business and economic activity canters, recreation canters, health and sports clubs, hospitals, parks, playgrounds, schools and universities urgently.
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Further Libya possesses close to 2,000 km of coastline and unspoiled beaches, spectacular landscapes in the mountains, oases and preserved Roman ruins. With its untapped tourism potentials the demand for international partner in developing of tourism infrastructure is high.
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To attract and encourage foreign investors, Libya is assertively improving its environment for investment, removing investment obstacles, revising and reforming its foreign investment laws. As part of its reform policy the Foreign Investment Law No. 5 of 1997, has achieved a liberal legal framework for attracting foreign direct investment.

The Foreign Investment Law provides the opportunity for various preferences and incentives such as an exemption from corporate income tax for 5 years with a possible extension of 3 years, exemption from customs duties on imports of machinery and equipment and exemption from excise taxes on exported goods.

Investors are permitted to open an account in convertible currency, to repatriate profits, to employ expatriates when there are no qualified local labourers and to own and lease property. They are protected against extrapolation and permitted access to arbitration. .

We will consult you with the investment strategy to establish your business with all privileges, incentives and financing available. We will accomplish this goal with our network and expertise of operating since 20 years at Libya. A senior experienced team enables you to reach the goals that suit your individual demand.


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FAZIT INVESTMENT GMBH
INTERNATIONAL BUSINESS DEVELOPMENT
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