Time of establishment of the company
Lebanon is a country in central-east Asia, whose capital is Beirut. Lebanon is one of the few countries that escaped the economic crisis thanks to the significant circulation of cash in Lebanese banks. Lebanon is a place where foreign investors are welcomed with open arms. The country offers a modern legal system and pro-investor administration. Lebanon also attracts European clients willing to do business with the Arab world.
What to keep in mind
Lebanon can be used for many business activities, this destination will often satisfy a international business requirement or import-export operations with the Middle East.
Type of the company
Normally, limited liability companies are established in Lebanon, which may engage in any activity except insurance, air transport, investment banking, etc., as well as in any other activity.
Company registration procedure
Registration of the company:
- Preparation of the articles of association and the company’s statute
- Contribution of capital to a bank account.
- Preparation of an application for company registration.
- Submission of the required documents to the Commercial Register.
A minimum of 3 shareholders and a maximum of 20 shareholders are required to establish a company. Foreign shareholders are allowed.
The company is managed by a board of directors. The board of directors may only be composed of shareholders. In addition, the company must have a resident auditor.
The company must have a registered address in Lebanon, which will appear on the company documents and postal data of the company. It is possible to use the services of a virtual office with a dedicated telephone number.
Time to set up the company:
The time of establishing a company is about 4 weeks.
The minimum capital is LBP 30,000,000 (USD 20,000).
Taxes and finances
The standard corporate income tax rate is 17%. There is no VAT. The annual tax on Lebanese offshore companies is limited to 1 million LBP (700 USD).
Accounting is required under Lebanese law.
Your company will have a multi-currency bank account with Internet access to your account, VISA or ATM MasterCard (there is a possibility to obtain several ATM cards).
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