Foreign-invested joint ventures and branches of foreign companies are subject to discriminatory minimum capital requirement: "The minimum capital for a joint stock company is LYD100,000, of which 30% must be paid in at incorporation (Article 101 No. 4, Commercial Code and Article 1, Ministerial Decree No. 186 of 2010); The minimum capital for a limited liability company is LYD3,000. A minimum amount of LYD3,000 must be paid in at incorporation (Article 275, Commercial Code).[...]" ("Joint ventures in Libya: overview" by Dr Kilian Bälz, Amereller, 1 September 2017, in Thomson Reuters Practical Law - A Q&A guide to joint ventures law in Libya).
"Section One - Joint-Venture Companies
Article 2
The joint-venture companies shall take the legal form and status of a joint-stock company under the provisions of commercial activity law No. (23) of the year 2010 provided that its paid up capital upon incorporation shall not be less than one million dinars or three tenths (3/10) of the cash capital subscribed, whichever is the greater.
Such forms of companies may carry on economic activities in all fields in Libya under the effective legislations except the fields specified under article (6) hereof.
The joint-venture company may also take the form of limited liability company formed by natural body persons (Libyans and foreigners) and the capital in such case shall not be less than fifty thousand Libyan dinars in the fields stated in the List appended with this decision.
[...]
Section Two - Branches of Foreign Companies [...]
Article (8)
Application for obtaining permission, provided for in the preceding article, should be appended with the following documents:
1) Decision of Company's Board of Directors, approving the opening a branch for the Company in Libya that includes the following:
a) Define the activity of the Branch provided it should be falling within the activities permitted for foreign company branches to carry on in Libya.
b) Amount allocated for opening and running the branch, should not be less than (LYD 250,000) two hundred and fifty thousand Libyan dinars. [...]" (Decision of the Minister of Economy No. 207 of the year 2012 in respect of foreigners participation in foreign companies, branches and representative offices of foreign companies in Libya)
Decision of the Minister of Economy No. 207 of the year 2012 in respect of foreigners participation in foreign companies, branches and representative offices of foreign companies in Libya
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