Choosing someone to manage your accounts and tax compliance obligations can be difficult. It is important to find both an expert and also someone you can trust. We would like you to know that we can offer you both and more.

Skills & Knowledge

With years of experience and a wealth of knowledge gained through working with different businesses, we can provide the necessary expertise to guide and support any business to grow into the next level.

SMEs support

We know starting a business is never easy, for this reason, we offer 50% off for the accounts preparation service for the first fiscal year to small and medium businesses, because we want you to grow and we can grow with you.

Tax efficient

No individual or business should pay tax more than they are legally obliged to pay. We can offer tax planning and advice specific to your circumstances.

Fixed fees

We understand that clients like to plan their budgets for their business and do not like surprise invoices. As a result, we have developed fixed fees plan that are incredibly competitive and value driven.


We are always happy to listen and discuss any aspect of your business and offer no extra charge on telephone calls and emails consultation.


We know that thinking about making profit only is unethical strategy, therefore, we donate 3% of our yearly sales to charity bodies, because, we want to improve the living of others and share our success with vulnerable groups in society.

About us

We are a professional accountancy firm based in Libya specialising in accountancy, auditing, taxation and business advise. We have experienced specialists and advisers dedicated to developing good relationships with audit firms, a broad range of companies and other global institutions within the finance industry. In addition, we are committed to implementing international and local accounting standards.

To have a positive impact on the economy growth by helping small buisnesses grow and thrive and improve the presentation of financial reporting

To develop the accounting industry in the small and medium businesses and make it more efficient and maintaine its relevance

For all your accountancy needs

Our Main Services

Accountancy Services

Professional businesses are moving gradually from hiring to outsourcing. If you want that exclusive cutting-edge …

Auditing Services

Auditing and assurance are at the heart of what KCPA member firms do audit financial services

Taxation Services

Taxation issues are important, particularly to the foreign investors in Libya. However, the laws and regulations are …

Business Advisory

Any investor will be required before investing in a new project or expanding an existing project to know the 

Quality, Reliability and Affordability

Prices of our services

As part of our plan to help small and medium businesses grow and thrive we have designed three fixed fees plan to support you by a dedicated accountant managing your accounts and financial transactions. This will enable you to focus more on your main activities and core competences.



LYD, Per Month
  • Dedicated Accountant
  • Online Bookkeeping
  • 1 – 10 invoices a month
  • 1 – 10 Transactions a month
  • Accounts preparation
  • Tax declarations
  • Filling and submission
  • Unlimited accountancy consultation
  • Prepare an annual report



LYD, Per Month
  • Dedicated Accountant
  • Online Bookkeeping
  • 1 – 50 invoices a month
  • 1 – 100 Transactions a month
  • Accounts preparation
  • Tax declarations
  • Filling and submission
  • Unlimited consultations
  • Prepare an annual report

Accountancy is no longer the sole domain of accountants

Numbers, The Smart Online Accounting

We are very proud of being the first accountancy firm in Libya provides online accounting software for small and medium businesses. This will enable you to easily and accurately calculate your payroll tax deductions, pension contributions, record your daily expenditures, revenue, invoice your clients online and other services available on your internet connected device.

Frequently Asked Questions

If you can’t find your answers here please contact us.

What is a statutory audit report?

A statutory audit is an audit that is required by a government agency and does not pertain to all businesses. For example, statutory audits are required specifically by institutions, such as tax authority, pension scheme, mid companies and other government stakeholders.

Why an entity is required to deal with accounting and audit firms?

It’s a statuary requirement by corporation law to ensure transparency in terms of their financial standing to tax authorities. For these reasons, accountancy and audit firms are employed to present and give a fair view of the business results to external stakeholders such as Tax authority, shareholders, and other stockholders.

What is meant by Tax?

An involuntary fee charged to corporations or individuals that is enforced by the government in order to finance government activities. Governments consider taxes as sovereign incomes.

What is budgeting?

Budgeting is a quantitative plan used as a tool for deciding which activities will be chosen for a future time period it’s also used to control the business activity by comparing the budget to actual. It’s very common tool in modern business, giant corporations and, government.

What is a Company Tax Return?

A Company Tax Return is a document which is filed for each accounting period by companies liable for Corporation Tax. A company has to file a return each year, even if it has not made any profit.

What is accounts year end?

The accounts year end is the closing adjustment period of a company’s accounting year. At the year end, a company must go through the process of adjusting each entry to an account in order to properly state these entries for financial statement preparation purposes and hence enhance decision making.

What is meant by fiscal year?

A fiscal year is the twelve-month period that an organisation uses for budgeting, forecasting and reporting. The Libyan commercial law requires all entity to have a fiscal year starts and ends on (1st of January – 31st of December).

What are the financial statements?

The financial reporting is set of reports translate the position of a company in terms of the profitability, solidity, and liquidity, these reports are Statement of financial Position, Income Statement, Statement of cash flows, and statement of Change in equity.

What is cloud accounting?

Cloud accounting software is similar to traditional, on-premises, or self-install accounting software, only the accounting software is hosted on remote servers, similar to the SaaS (Software as a Service) business model. Data is sent into “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, not on the user’s desktop.

What is meant by assets?

Assets are statement of financial positions accounts, there are two group of assets:

Non-current asset is a resource with economic value that an individual, corporation or country owns to function. An example of non-current assets is property’s plant’s, machinery and, vehicles. There are also other intangible assets such as goodwill, franchises, patent and, researches.

Current assets are balance sheet accounts that represent the value of all assets that can reasonably expect to be converted into cash within one year. An example of current assets is cash and, inventory, prepaid expenses.

Organisations Associated With KCPA

Founder Message

Suleiman Krayem, Founder & Managing Partner

Accountancy is something I am passionate about. I have always enjoyed mathematics and problem solving. This is why I chose to work in the financial industry and focus on this in higher

education and professional qualifications.

As a family business working with international organisations and then worked for recognised intranational companies I have been able to broaden my experience and understanding of what a client needs from an accountant. This is why I established this firm.

It is not an easy route, but working as an accountant and in this sector gives me the opportunities to innovate and develop the very best of services to give client the tools they need to flourish.

Latest News

Contact Us

Contact Us

10.08.261 Apartment ,
Kass Bin Sadah Street
Tripoli Libya,
P.O. Box: 81948


+218 21 3342988



Our Clients

Since 2011, Libya has been experiencing economic and political obstacles; however, our services have been expanding to target several sectors with a significant financial stake.