Libya

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General information: Libyaonline, Various documents required for commercial or practical transactions
Opening hours and days: The banks are open from Sunday to Wednesday from 8 am to 1 pm, then from 4 pm to 6.30 pm. On Thursday, banks are open from 7 am to 2 pm.

Aïd al-Mawlid commemorates the birth of the Prophet Mohammed	Variable but lasts one day
Aïd al-Fitr corresponds to the end of the Ramadan fast period	Variable but lasts one day
The Anniversary of the Revolution is the most important civil festival in the country	1 September

Company tax: Progressive rate from 15% to 40%
Capital gains taxation: Capital gains are treated as income and taxed at the standard rate.
Other corporate taxes: The Jihad tax (national defense tax) on companies: it is levied on companies' annual taxable profits: 4% on the taxable profits.
Registration tax for contracts. The tax is 2% for the main contract and 1% for a sub-contract.

Personal Income Tax	from 8 to 15%
Upto LYD 4,800	8%
From LYD 4,801 LYD to 9,600	10%
Beyond LYD 9,601	15%
Personal Jihad Tax	It varies from 1% to 3% according to income

Countries with whom a double taxation treaty have been signed
Whithholding taxes: Dividends: 0, Interest: 5%, Royalties: are tax as ordinary income.

National organizations: Libya is a member of the WIPO Convention (convention instituting the World Intellectual Property Organisation). It is also a signatory to the Paris Convention on industrial property, as well as the Berne Convention on the protection of literary and artistic works.
Regional organizations: The Secretariat of the People's Public Committee - National Board for Scientific Research

Type of property and law	Validity	International agreements signed
Patent law n° 8 of 1959 on patents and on industrial designs and models. 1959	Protection is for a period of 15 years from the date of registration. It can be renewed once for a period of 5 years. Payment is made by annual increments.
Trademark Paris Convention on industrial property 1967	10 years from registration. There is a 3 months' wait after the date of registration during which anybody can oppose the request for protection. This can be renewed every 10 years.	Trademark law treaty Nice agreement Protocol relating to the Madrid Agreement
Copyright Law number 7 of 1984 based on law number 9 of 1968 on copyright protection.	Protection is valid for the lifetime of the author plus a period of 50 years.

Independence of justice: The judiciary is not independent in Libya. Security forces have the power to punish someone without a trial and political trials are held in secret.
Equal treatment of nationals and foreigners: Foreign nationals cannot expect an impartial trial from the country's judicial system.
The language of justice: Arabic is the judicial language in the country.
Recourse to an interpreter: Having an interpreter is possible.
Sources of the law and legal similarities: The main source of the law is the constitution of 1969 (amended in March 1977). The country's legal system is based on the Italian civil law system and Islamic law. Libya has not accepted compulsory ICJ jurisdiction.
Checking national laws online

National standards organizations: Libyan National Centre for Standardization and Metrology
Integration in the international standards network: Libya is part of the Arab industrial development and mining organization and the International Organization for Standardization
Classification of standards: To be able to penetrate the market, certain products must be accompanied by certificates: - the halal certificate for meat and its derived products. It is delivered by representatives of the Muslim religion in your country.
- the phytosanitary certificate is obligatory for fruit and vegetables, seeds and other plants. It is the regional plant protection service that issues it. - the health certificate necessary for meat. This is delivered by the departmental management of veterinary services. Regarding standards, the Libyan government has reformed the NCSM (National Centre for Standardization and Metrology) responsible for unifying the rules in the form of ISO 9000/9002.
Online consultation of standards: The standards certified by Libya can be found on the website of the Libyan National Centre for Standardization and Metrology
Certification organizations: Libyan National Centre for Standardization and Metrology

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