TAMINHENT FREE ZONE
Taminhent Free Zone (TFZ) was established in accordance with a decree no. (196/2015), by Council of Ministers, Government of National Salvation, as an affiliate to Misurata Free Zone (MFZ), with all advantages, exemptions and facilitations prescribed by Act no. (9/2000), concerning regulation of transit trade and free zones. TFZ aims at encouraging transit trade, industry, and transformational processes of different kinds of goods according to the commercial exchange and market requirements.
Investments in Misurata free zone (MFZ)
Investments in Misurata free zone covers all areas of economics such as industrial, commercial , services and contracting and that is through the establishments of companies or setting up branches of existing companies whether if they are domestic or foreign and also available for legal & ordinary entities.
Establishing companies and setting up companies branches in the free zone are in accordance to regulation No 252 of 2005,which set the minimum capital of company establishment in the free zone to the value of $100,000 or equivalent.
Misurata Free Zone Port has been known since ancient times as a natural harbor which was used by the Phoenicians on the west coast of Libya, and it has played an important role in trading activities since the 10th century B.C. The modern existing seaport was established in the year 1978 with a well-thought out plan that took into account the latest methods of seaport design and construction aimed at providing the best of maritime services which contributed greatly to the increase of transit trade.