Law No. 9 of 2010 on Investment Promotion
In forceLaw No. 9 of 2010 on Investment Promotion
Applies to both
Law No. 9 of 2010, adopted by the General People's Congress of the former Jamahiriya government on 28 January 2010, sets Libya's general rules for promoting national, foreign, and joint-venture capital investment across production and service areas, without naming information technology or data infrastructure as a distinct sector.
Article 10 exempts an eligible investment project's machinery, equipment, and imported inputs from customs duties and import fees, and exempts the project from income tax for five years from the date of its investment permission, among other exemptions. Article 9 channels permitting for setting up, developing, or operating a project through a single administrative-authority decision, and article 14 registers every project in an Investment Record.
Article 31 ties the law's entry into force to its publication in the Official Gazette, but the sources located for this law give only its date of adoption, not that publication date.
Source: Full text of law