Foreign joint venture companies that were registered before Decree 207 of 2012, which compelled the reduction of their equity holding to a maximum of 49 percent by this month, have been given a temoorary reprieve. Libya Herald reports that under the Ministry of the Economy’s Decree 22, an extension has been granted for JVs that […]
Tag Archives | Joint Ventures
Investors must use caution in Libya
As the elections in Libya approach, Mohamed Karbal, the managing director of the Karbal & Co law firm, explains the legal minefield of investing in the country. There are four ways for foreign investors to conduct business in Libya: establishing a joint venture; opening a branch office; opening a representative office; and through direct investment. […]
Tags: Joint Ventures
Decree Allows Foreign Investors to Enter Joint Ventures in Libya
Libya’s Ministry of Economy has issued a new decree allowing foreign companies to enter joint ventures and open a representative office to study the Libyan market. It is aimed at reorganising and facilitating the process of foreign-local partnership. The decree No. 103 of the year 2012 issued on May 13 is setting out the purposes, […]
Tags: Economy, Joint Ventures