The Sirte Free Zone offers a package of incentive benefits to investors and companies operating within its scope, based on the provisions of Law No. (9) of 2000 on the Regulation of Transit Trade and Free Zones and the provisions of Law No. (9) of 2010 on Investment Promotion. These features are designed to make the investment environment in the region attractive and competitive at the local and regional levels, most notably:

  • Customs and Tax Exemptions: Enterprises and companies in the zone enjoy full exemption from customs duties and taxes on imports and exports within the scope of the Free Zone. In addition, corporate profits are exempt from income taxes for periods of up to ten years under investment promotion laws, giving investors the opportunity to generate greater returns.
  • Procedural and Licensing Facilities: The Zone Administration provides a single window to serve investors with the aim of expediting the registration and licensing processes. The necessary licenses are granted to projects quickly and efficiently to avoid any delays in the launch of projects, as administrative red tape is reduced to a minimum and high flexibility in procedures is ensured.
  • Flexibility in pricing services: Investment projects can negotiate with public service providers in Libya to obtain preferential rates for electricity, water, telecommunications, and other utilities. This flexibility allows for lower operating costs for investors, especially in the early stages of establishing projects.
  • Modern and advanced infrastructure: Investors in the region have a modern infrastructure that supports their activities, as the seaport is equipped to receive commercial vessels, and there are plans to develop a nearby airport and improve road and transportation networks. Warehouses, warehouses, and industrial spaces are also available ready or scalable. This integration of facilities facilitates the rapid launch of projects and lowers the logistics cost.
  • Supporting national labor: The Zone Administration is keen to give priority to employing Libyan competencies in projects established within it and in support services. There is an encouragement for investors to employ the national workforce, provide them with training and qualification, in order to create new job opportunities, contribute to reducing unemployment and support the local community economy.
  • Financial and administrative independence: The region has an independent financial responsibility that entitles it to self-manage its resources and revenues. The region can open bank accounts inside and outside Libya to facilitate international financial transactions related to its activities. The independence of administrative and financial decision-making enables it to respond quickly to the needs of investors and to take the necessary measures to attract investments without bureaucratic obstacles.

Taken together, these incentives are a major attraction for companies looking to invest in Libya, providing a stable and predictable investment climate, reducing cost and risk to the investor, enhancing the competitiveness of the Sirte Free Zone in attracting quality projects.