The Libyan Free Trade Zone Board

The Libyan Law (168) of year 2006 declares the foundation of the Libyan free zones board. This board is in charge of   all the Libyan free trade zones. What follows is a summary translation of some of the main articles of the law. The other articles are very similar to the other translated articles of Law 215.

Article (1): defines the meaning of the terms: 'free zone', 'free zones board',   'committee of the free zones', 'the manager of the committee of the free zones', and 'the invested capital' as follows: Free Zone (any region of Libya defined by the law as a special commercial, industrial and trade area free from any custom duties and taxes as set by the regulations governing the free zones); The Board (the board of the free zones); The Committee (the committee of the free zones board); The Manager [or the Chairman] (the general manager of the committee of the free zones board); The Invested Capital (the foreign currency transferred to and/or invested in the free zone, the equipment, the products and the necessary services and apparatuses needed to establish any project in the free zone).

Article (2): defines the creation of a board by the name of   'The Free Zones Board', with its own independent laws and regulations and finance, as part of the the General People's Committee for Economics, Commerce and Investment.

Article (3): the head office (headquarters) of the board will be located in Benghazi, and the board can open other branches in any Libyan region by a decision from the General People's Committee for Economics, Commerce and Investment according to a proposal from the board's committee.

Article (4): the board will supervise the committee of the free zones and work towards developing all the commercial, industrial and service activities in the zone to the benefit of the national economy and those who desire to take part in these activities.

The following is a copy of the actual law:

Arabic Copies of the Law

To view large images of Law 168 of year 2006 in Arabic, please click here

To view large images of Law 168 of year 2006 in Arabic, please click here

To view large images of Law 168 of year 2006 in Arabic, please click here