State of Libya
Capital: Tripoli HDI: 0.724 (94th)
Language: Arabic
GDP (PPP): $92.9 billion
Currency: Libyan Dinar
Population: 6.2 million
The State of Libya is a country in the Maghreb region of North Africa, part of Tamazgha, bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west. The three traditional parts of the country are Tripolitania, Fezzan and Cyrenaica. With an area of almost 1.8 million square kilometers (700,000 sq mi), Libya is the fourth largest country in Africa, and is the 16th largest country in the world. Libya has the 10th-largest proven oil reserves of any country in the world. The largest city and capital, Tripoli, is located in western Libya and contains over one million of Libya’s six million people. The other large city is Benghazi, which is located in eastern Libya.
RESEARCH
Economic Overview
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Libya: Economy Overview
http://www.eubusiness.com/regions/libya/aggregator/econ
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.
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Libya – African Economic Outlook
http://www.africaneconomicoutlook.org/en/country-notes/north-africa/libya/
Recent Developments & Prospects; Macroeconomic Policy; Economic & Political Governance; Social Context & Human Development
Industry Trends & Business Climate
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Libya Economy 2016
http://www.theodora.com/wfbcurrent/libya/libya_economy.html
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.
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Libya Overview – World Bank
http://www.worldbank.org/en/country/libya/overview
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.
Establishing a Presence
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Starting a Business in Libya
http://www.doingbusiness.org/data/exploreeconomies/libya/starting-a-business/
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.
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Libya company registration, Doing business in Libya
http://www.healyconsultants.com/libya-company-registration/
Libya company registration is both difficult and expensive due to the country’s complex regulatory environment
Taxes
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Libya Corporate Tax Rate | 2007-2016
http://www.tradingeconomics.com/libya/corporate-tax-rate
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.
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Libya Visa
https://libya.visahq.com/
Visa pplication requirements
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Libyan Visa Centre
https://www.temehu.com/Visas.htm
Information on the various types of visas required to enter Libya
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Libya – Other taxes impacting corporate entities
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/JDCN-89HSYA
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%.
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Libya Personal Income Tax Rate | 2009-2016
http://www.tradingeconomics.com/libya/personal-income-tax-rate
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.
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Libya – Taxes on personal income
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Libya-Individual-Taxes-on-personal-income
Libyan and foreign nationals are only subject to tax on income derived from employment inLibya.
Visas
Infrastructure
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Libya Transportation – Taxi, Train, Bus & Airport Tips
https://www.virtualtourist.com/travel/Africa/Libya/Transportation-Libya-TG-C-1.html
Tips on getting to and getting around Libya from real travelers and locals.
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Public Transport In Libya
https://www.temehu.com/public-transport.htm
Public transport in Libya simply means shared taxis, buses and coaches.
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Libya – Telecoms, Mobile and Broadband
http://www.budde.com.au/Research/Libya-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses.html
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
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Libya Telecom & Technology – Wikipedia
https://en.wikipedia.org/wiki/Libya_Telecom_%26_Technology
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.
Employer Obligations
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Labor Market Regulation in Libya
http://www.doingbusiness.org/data/exploreeconomies/libya/labor-market-regulation
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.
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Libya Working conditions
http://www.nationsencyclopedia.com/economies/Africa/Libya-WORKING-CONDITIONS.html
The Libyan labor law provides for wages and pensions, but prohibits independent trade unions.
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Labor Market Regulation in Libya
http://www.doingbusiness.org/data/exploreeconomies/libya/labor-market-regulation
Redundancy rules discussed on this site
Culture/Living
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Education and Schools in Libya
http://www.expatarrivals.com/libya/education-and-schools-in-libya
School information for expat parents including details on the curriculum in Libya. Reviews on private and international schools in Libya.
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Cost of Living in Libya
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Libya
Average prices of more than 40 products and services in Libya. Prices of restaurants, food, transportation, utilities and housing are included.
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Cost of Living in Tripoli
http://www.numbeo.com/cost-of-living/city_result.jsp?country=Libya&city=Tripoli
Cost of everyday items in Tripoli and a comparison index with other cities
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Business Etiquette – Libya – Language, Culture, Customs and Etiquette
http://www.kwintessential.co.uk/resources/global-etiquette/libya.html
Guide to Libya and Libyan culture, society, language, etiquette, customs, manners and protocol
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Business Etiquette – Libya – Culture, Customs & Etiquette
http://guide.culturecrossing.net/basics_business_student.php?id=238
Etiquette Dos and Don’ts in Libya for both business people and students
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Weather and Climate: Libya
https://weather-and-climate.com/average-monthly-Rainfall-Temperature-Sunshine-in-Libya
Within Libya five different climatic zones have been recognized, but the dominant climatic influences are Mediterranean and Saharan.
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Libya Weather, Climate and Geography
http://www.worldtravelguide.net/libya/weather-climate-geography
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.
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Safety in Libya | Expat Arrivals
http://www.expatarrivals.com/libya/safety-in-libya
Information on how safe expats are in Libya, safety for women and tips on increasing personalsafety and home security in Libya.
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Safety – Libya travel advice – GOV.UK
https://www.gov.uk/foreign-travel-advice/libya
Latest travel advice for Libya including safety and security, entry requirements, travel warnings and health
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Libya Education System
http://www.classbase.com/countries/Libya/Education-System
A description of all levels of education in Libya
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Public Holidays in Libya – World Travel Guide
http://www.worldtravelguide.net/libya/public-holidays
Full list of Libya public and bank holidays. Many shops, banks and other services close during public holidays
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Libya Public Holidays 2016
http://holidayyear.com/holidays/Libya
Libya holidays 2016, bank holidays, national holidays, officialholiday calendar, religious festivals and celebrations for the year 2016
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Demographics of Libya
https://en.wikipedia.org/wiki/Demographics_of_Libya
Demographics of Libya include population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects
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Demographics – Libya Economy: Population, GDP, Inflation, Business, Trad
http://www.heritage.org/index/country/libya
Demographic prfile of Libya with statistics and comparitive indices
Trade
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Customs: Regulations, Export-Import
https://libya.visahq.com/customs/
Libya Customs regulations and procedures for importing and exporting goods at border
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Export.gov – Libya
http://export.gov/libya/
The U.S. Commercial Service offers valuable assistance to help U.S. business export goods and services to markets worldwide.
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Libya – Trade – European Commission
http://ec.europa.eu/trade/policy/countries-and-regions/countries/libya/
Information on the trade status of Libya with the EU
Housing and Rentals
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Libya Corporate Housing and Extended Stay Hotels
http://libya.biz-stay.com/
Search this extended stay lodging directory
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Accommodation in Libya | Expat Arrivals
http://www.expatarrivals.com/libya/accommodation-in-libya
Most housing contracts in Libya are for six months and above, though one-year leases are preferred
Travel
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Libya Tourism: Best of Libya
https://www.tripadvisor.com/Tourism-g293806-Libya-Vacations.html
TripAdvisor has 1,539 reviews of Libya Hotels, Attractions, and Restaurants making it your best Libya resource.
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Libya Travel Guide and Travel Information
http://www.worldtravelguide.net/libya
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.
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