Legal Auditing

The Practice undertakes legal audits in compliance with the relevant Libyan Laws and generally accepted accounting and auditing principles. A legal accounting records as reguired by Libyan Trade Law , the preparation of the Profit and Loss account and Balance Sheet in the approval format required by the Revenue Department . Company Registration The Practice can undertake any legal Libyan company registration requirements including: Registration of Foreign Companies with the Secretariat of     Economy in order to establish branches in Libya. Registration with the Libyan Chamber of Commerce. Registration with the Revenue / Taxation Department. Registration with the Social Security Department. Legal and Financial Consultation The Practice provides a complete Legal and Financial Service for Local and Foreign Companies in order to ensure compliance with local laws and regulations: Preparation of Payroll Negotiation of Tax Rate applicable for the deemed profits with     the Inland Revenue. Taxation Services The Practice Taxation Services includes: Calculation of all Payroll taxes. Obtaining Tax Clearance Certification. Contract and Invoice registration with Revenue Department. Completion of Tax assessment requirement.