Libya has a population of over 6 million people with key industries including oil, agriculture, and mining. Getting started in Libya can be complicated, but there are many options for company formation, and relatively low corporate tax rates. There are many labor and payroll considerations before hiring in Libya, including:

  • Minimum wage is 450 Libyan Dinars per month (about $320 USD)
  • Standard work week is 48 hours
  • Employees and Employers both pay into social security
  • Social security payments are withheld from employee pay each month
  • Income tax is withheld from employee pay
  • Foreign workers are restricted to certain job titles, and must obtain a business visa to begin working in Libya
  • Companies must hire a certain percentage of Libyan workers

To get started in Libya, or to simplify operations there, talk to our team. Blue Marble has created one platform to manage payroll in 145+ countries, with customized reporting across all countries and currencies. You have real-time access to your payroll, in-country experts to help when questions come up, and compliance experts when you need solutions. Let Blue Marble help you make global payroll easy – click here to learn more