October 14th, 2013
One of the questions that we get asked on a regular basis is, “Is Libya Secure for Business?” This is a tough question, without a simple answer.
What do Libyans think?
When I ask Libyans what they think, you get a mixed response. Many will tell you that Libya is fairly secure if you stay in Tripoli and if you don’t go out after dark. If you talk to others, they will tell you that the security in Libya is still not under control. At the end of the day, you will get a wide variety of answers depending on who you talk to. One thing for sure, they will all tell you to be aware and keep your eyes open.
What do the companies think?
There are some foreign companies that have returned to Libya after the revolution and are back to work. When I talked to one director, he said that now is the time to press forward in the work if you really want to capture a portion of the market. He did tell me that you need to be careful at night, but they were moving forward as normal. There are other foreign companies who have still not yet returned since the revolution. They are still concerned with the security in Libya.
At the current time, I believe you need to seriously consider your business strategies and objectives before jumping into business in Libya. There are huge opportunities for those willing to take a risk, however, there are serious ramifications if they encounter a security issue.
Make sure you consider your security plans before starting your business venture in Libya
September 30th, 2013
The process of using a local real estate agent in Libya is actually quite simple. There are agents with small little offices and some who have developed their businesses into larger offices. Which ever agent you choose, you need to understand how they work.
The first step in the process is to sit down with your agent and tell him what you are looking for. Make sure that you are very clear on how many rooms, what neighborhood (they normally only work their own area), how long of lease, and price range. Read the rest of this entry »
September 30th, 2013
Process for Converting a Foreign Driver’s License to a Local Libyan License
September 2012 (Updated June 2013)
1. If possible, it’s good to have an International Driver’s license as well as a license from your country of citizenship, although it’s not a “must.”
2. An eye check-up is required…both to test for colorblindness AND vision! This may be done at an eye place near the roundabout in Fornaj (which is open for appointments only on Mondays), or by an eye doctor in Zawiya Dahamani (located on the same street as the eye hospital but on the opposite side of the road…next to an eye glass shop…on one street over from the bakery Kusha Fuanis). But…I think the place in Fornaj is preferred by the driver’s license office, since they are more familiar with it. The cost of this is 25 LYD.
3. Take your driver’s license (and Int’l license, if you have one) to YOUR Embassy (i.e. Americans must go to the US Embassy…note that an appointment is a MUST there!) and get them to write you a letter validating that your driver’s license is genuine. It must be signed and stamped by the consul. You will need your passport as well as a color copy of each of the driver’s licenses that you have. The cost at the US Embassy is about 70 LYD. Read the rest of this entry »