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🛒 تسوق الآنLibya Launches Unified Economic Number — A Historic Step Toward Digital Transformation
Libya Launches Unified Economic Number — A Historic Step Toward Digital Transformation
Cabinet Resolution No. 348 of 2026 Paves the Way for a National Digital Economic Registry
The Libyan Cabinet issued Resolution No. 348 of 2026 on Friday, authorizing the Ministry of Economy and Commerce to proceed with the Unified Economic Number project — a landmark digital initiative that establishes a single national identifier for all economic, commercial, and investment entities operating within the country. The decision marks one of the most significant structural reforms in Libya's economic governance in recent years.
What Is the Unified Economic Number?
The Unified Economic Number (Unified Economic Number) is designed as a standardized national identifier assigned to every legally registered business and economic entity in Libya. According to the Ministry of Economy and Commerce, the system will consolidate fragmented registration data currently scattered across multiple government agencies into one unified, digitally-managed registry.
This identifier will serve as the single reference point for all official interactions between businesses and the state — including tax filings, customs clearance, licensing, social insurance, and statistical reporting. The goal is to eliminate duplicate registrations, reduce bureaucratic friction, and create a transparent, real-time view of Libya's economic landscape.
A National Council to Oversee Implementation
The resolution also establishes the National Council for the Unified Economic Number, chaired by the Minister of Economy and Commerce and comprising representatives from relevant government bodies. The council is tasked with supervising project execution, approving work plans, monitoring implementation progress, and setting policies and regulatory standards.
The ministry confirmed that implementation will proceed in coordination with all ministries, authorities, and public institutions through database integration and information exchange, following the highest standards of governance and digital transformation. This inter-agency coordination is seen as critical to the project's success, given Libya's historically fragmented institutional landscape.
Why It Matters for Libya's Economy
Libya's economy has long suffered from the absence of a unified business registry. Companies have been required to register separately with the Commercial Registry, the Tax Authority, the Customs Authority, the Social Insurance Fund, and various sector-specific regulators — each maintaining its own database with inconsistent data standards and little to no inter-operability.
This fragmentation has created a fertile environment for informal economic activity, tax evasion, and regulatory arbitrage. The Unified Economic Number aims to solve this by creating a single source of truth for economic entity data, accessible to all authorized government agencies in real time.
- Improved transparency: A unified registry makes it harder for businesses to operate outside the formal economy
- Streamlined procedures: Businesses will eventually be able to complete registrations, renewals, and filings through a single digital portal
- Better data for policymakers: Real-time economic data enables evidence-based decision-making
- Enhanced investment climate: International investors gain visibility into legally registered entities
Alignment With Broader Digital Transformation Goals
The Unified Economic Number project is part of a wider push by the Government of National Unity to modernize Libya's digital infrastructure. The initiative aligns with the National Communications Strategy presented by the General Authority for Communications and Informatics at the Tangier COM 2026 forum, which outlined Libya's digital sovereignty ambitions.
Analysts note that digital transformation in Libya, while promising, faces significant challenges including inconsistent internet connectivity, legacy IT systems in government institutions, and the need for substantial capacity-building across the public sector. However, the Unified Economic Number represents a tangible, high-impact starting point that can demonstrate the value of digital governance to citizens and businesses alike.
What Comes Next
The Ministry of Economy and Commerce is expected to publish a detailed implementation roadmap in the coming weeks, including timelines for the phased rollout of the Unified Economic Number across different sectors and regions. The first phase will likely focus on registering entities currently operating formally, followed by a campaign to bring informal businesses into the registry.
The success of the project will depend heavily on inter-agency cooperation, technical capacity, and public awareness. If implemented effectively, the Unified Economic Number could fundamentally reshape how Libya manages its economic data — reducing corruption, increasing tax revenue, and creating a more predictable environment for both local entrepreneurs and foreign investors.
— Libya Press / Tech Desk
