About Libya

Libya is a country in North Africa’s Maghreb region. About 90% of the country is covered by the Libyan desert (part of the Sahara) where agriculture and therefore life is possible only in a few scattered oases. Libya holds Africa’s largest (and the world’s ninth-largest) proven oil reserves and Africa’s fifth-largest gas reserves. Libya’s per capita income is among the highest in Africa since the oil revenues remain Libya’s main source of income. The fourth-largest country in Africa is about the size of Spain, Portugal, France, Germany, and the UK combined. Libya’s main population centers are spread along the more fertile strip at the coast of the Mediterranean Sea.

The number of foreign businesses operating in Libya has grown considerably in recent times thanks to emerging opportunities in the country. Libya is open to doing business with any interested international partners and there is a great demand for all types of goods and services across the different sectors of the economy, from construction to retail to tourism and more.

For foreign companies wanting to do business within the country, Libya demonstrates a vast degree of commitment through our safe economic climate and semi-flexible legislation

Recently, many foreign companies have been sourcing Libya’s business environment, and sectors such as construction, oil, and security are beginning to take off. If you do wish to conduct business in the country, you will be required to obtain a business visa. It’s a good idea to hire a reputable hosting company that can help you with the visa and gets you on your way to investing with success.

Libya is a country with deep pockets and limitless opportunities and several foreign investors from the likes of France, Italy and Britain are already enjoying strong partnerships and essential relationships with Libyan partners.

With the new Libya being considered almost a virgin territory for investors, the potential profits are massive. Investment is needed in everything from services to schools to housing and it has been reported that the country is likely to offer an impressive US$ 200 billion in investment opportunities over the next 10 years. Being home to Africa’s largest oil reserves, the country does have plenty of money to spend on reconstruction.