IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 Feb 2010 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 15 February 2010, the Central Bank of Libya invited foreign banks to submit expressions of interest for two new bank licences. 
 
The licences would be granted for a maximum stake of 49 percent in a joint-venture between a successful candidate and a Libyian company. Notwithstanding the minorty share, foreign banks may enjoy full management control in the joint-venture.
 
So far banks from France, Italy, Portugal and the UK arereported to show interest in the new licences.

AFFECTED COUNTRIES

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