New companies starting-up in Libya

Last activity 16 May 2010 by gabacho

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burkekgpNew member16 May 2010 11:41:35

What advice would you have for new companies from Europe trying to start up business here and breaking into the Libyan market. What are the does and donts? What are the keys to success? All information greatly received

MudmanSerial expat16 May 2010 13:06:56

893

Don't expect to be paid.

MoElSerial expat16 May 2010 15:10:18

876

LOL @ the cynic. They would pay you...r great grandchildren.

Naaah, just check out business media: The Report by OBG is decent (and only little lipstick-on-pig)

http://libya.usembassy.gov/uploads/imag … _Guide.pdf

And it's only worth it if you find a knowledgeable and trustworthy local(s) to handle to painful bits for you. There are few Libyans on this forum who had probably sent you a kiss-up PM by this point. Do consider the option.

What's the company's business? What's attractive about the Libyan market?

gabachoContributor16 May 2010 15:45:45

190

MoEl wrote:
What's attractive about the Libyan market?

Lots of people with boatloads of money wanting to buy shiny things. Seems attractive to me.

Make sure to find a trustworthy business partner, otherwise have a business plan that recoups all your investment as fast as possible.

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