June 9th, 2013
Libya is becoming a business hot spot that offers amazing prospects for investors and is enjoying an influx of foreign stores and brands.
Setting up a business in Libya requires extensive market and culture know-how. You may be tech savvy but you will need to be prepared to conduct business in a country that is based on vital relationship building and deep-rooted cultures. Although processes are a bit slower, the rewards your business will reap are well worth it. You will also need to research your competitors and it is a good idea to use third party vendors to diligently collect data. Having a trustworthy expert on the ground is a must.
You will have to familiarize yourself with Libyan law too, particularly in the areas of sales and services such as building and construction. Local laws can seem somewhat ambiguous to foreigners so it is essential to work with a knowledgeable team who is equipped to handle your needs which will include coordinating with local council and ensuring compliance. Read the rest of this entry »
April 20th, 2013
Libya can be described as a frontier market with amazing credentials, heaps of optimism and a driving ambition. The country also has deep pockets and boundless opportunities for investors. Libya has access to a cash pile of more than US$ 200 billion and the ability to rebuild its country. But there is massive room for investment in nearly every sector of the economy from retail to construction, training and oil.
The country’s cash pile is set to continue growing as oil productions surpass expectations. Infrastructure though requires a great deal of work and the country needs to rebuild literally everything from utilities to housing and power as well as telecommunications and there is no doubt that these opportunities coupled with investment will do wonders for job creation and education.
Our country views itself as a catalyst for stabilization and is working towards training the workforces to keep up with the mushrooming expectations of the nation and its visitors. Our current industries include petroleum, textiles, cement, handicrafts and food processing but attempts are being made to diversify the economy with focus being placed on tourism, agriculture, natural gas, fisheries and mining. Read the rest of this entry »
April 8th, 2013
Libya has begun to offer fantastic business opportunities with many rewards to be reaped. With nearly every sector in the country requiring investment, from tourism to technology, infrastructure to education, Libya is certainly the right country for businesses wanting to gain exposure and financial reward. The country is ready for any kind of investment and business and the time is now if you want to get your business off to a booming start.
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 who can help you with the visa and get you on your way to investing with success.
Libya is a country with deep pockets and limitless opportunities and a number of foreign investors from the likes of France, Italy and Britain are already enjoying strong partnerships and essential relationships with Libyan partners. Read the rest of this entry »