Libya’s economy is structured primarily around the nation’s energy sector, which generates about 95% of export earnings, 80% of GDP, and 99% of government income. 

Recent Developments & Prospects; Macroeconomic Policy; Economic & Political Governance; Social Context & Human Development

Libya’s economy is structured primarily around the nation’s energy sector, which generates about 95% of export earnings, 80% of GDP, and 99% of government income.

The United Nations (UN) is seeking to bring the House of Representative and General National Congress together at the negotiating table to reach a deal to end the conflict that erupted following last summer’s legislative elections.

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Libya.

Libya company registration is both difficult and expensive due to the country’s complex regulatory environment

The Corporate Tax Rate in Libya stands at 20 percent. Corporate Tax Rate in Libya averaged 28.89 percent from 2007 until 2015, reaching an all time high of 40 percent in 2008 and a record low of 20 percent in 2011. Corporate Tax Rate in Libya is reported by the Libyan Tax Authority.

Visa pplication requirements

Information on the various types of visas required to enter Libya

A service fee of 5% on the value on most imports also exists. There are various exemptions to this service fee, specifically under Investment Law and within the oil sector. Other dues and taxes on importation are estimated at 0.5%.

The Personal Income Tax Rate in Libya stands at 10 percent. Personal Income Tax Rate in Libya averaged 10.71 percent from 2009 until 2015, reaching an all time high of 15 percent in 2009 and a record low of 10 percent in 2010. Personal Income Tax Rate in Libya is reported by the Ministry of Finance.

Libyan and foreign nationals are only subject to tax on income derived from employment inLibya.

Tips on getting to and getting around Libya from real travelers and locals.

Public transport in Libya simply means shared taxis, buses and coaches. 

Libya’s civil war crippled the country’s economy and disrupted its telecommunications sector. It is estimated that more than S1 billion worth of telecom infrastructure was destroyed, including about 20% of the country’s mobile tower sites. – See more at: http://www.budde.com.au/Research/Libya-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses.html#sthash.3VRGsbS5.dpuf

Libya Telecom & Technology (LTT) (Arabic: ليبيا للاتصالات والتقنية‎) was established in 1997 as a private company by Muhammad Gaddafi. LTT remains a state owned monopoly which continues to dominate the Libyan ISP sector.

This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Libya.

The Libyan labor law provides for wages and pensions, but prohibits independent trade unions.

Redundancy rules discussed on this site

School information for expat parents including details on the curriculum in Libya. Reviews on private and international schools in Libya.

Average prices of more than 40 products and services in Libya. Prices of restaurants, food, transportation, utilities and housing are included.

Cost of everyday items in Tripoli and a comparison index with other cities

Guide to Libya and Libyan culture, society, language, etiquette, customs, manners and protocol

Etiquette Dos and Don’ts in Libya for both business people and students

Within Libya five different climatic zones have been recognized, but the dominant climatic influences are Mediterranean and Saharan.

Summers are very hot and dry; winters are mild with cooler evenings. The desert has hot days and cold nights. Spring and autumn are ideal times to visit, when the warm air comes up from the Sahara and meets a cooling breeze from the Mediterranean.

Information on how safe expats are in Libya, safety for women and tips on increasing personalsafety and home security in Libya.

Latest travel advice for Libya including safety and security, entry requirements, travel warnings and health

A description of all levels of education in Libya

Full list of Libya public and bank holidays. Many shops, banks and other services close during public holidays

Libya holidays 2016, bank holidays, national holidays, officialholiday calendar, religious festivals and celebrations for the year 2016

Demographics of Libya include population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects

Demographic prfile of Libya with statistics and comparitive indices

Libya Customs regulations and procedures for importing and exporting goods at border

The U.S. Commercial Service offers valuable assistance to help U.S. business export goods and services to markets worldwide.

Information on the trade status of Libya with the EU

Search this extended stay lodging directory

Most housing contracts in Libya are for six months and above, though one-year leases are preferred

TripAdvisor has 1,539 reviews of Libya Hotels, Attractions, and Restaurants making it your best Libya resource.

Expert Libya travel guide including detailed information about everything you need to know about Libya. Guides to planning your trip including travel and where to stay.