A legal entity acts through two bodies of individuals: its shareholders and its board of directors. The board of directors is responsible for the management of the activities of the business, such as making the strategic and operational decisions. In this article, our company formation advisors in Lebanon briefly present the status of company directors in…
In connection with hiring Lebanese workforce, the minimum wage in the public and private segment is established by the local government after discussing with employers and employees. The minimum wage in this country was last increased in 2012. In this article, our company formation advisors in Lebanon explain various aspects related to hiring Lebanese…
Foreign citizens who intend to live and work in the country must obtain a temporary residence visa in Lebanon. In this article, our company formation agents in Lebanon explain a few aspects related to this visa and the requirements which have to be met in order to obtain it. More details on the…
The ITC (information technology) industry in Lebanon is growing at a rapid rate, having a market size of USD 436.2 million in 2016 and being expected to increase to USD 543.5 million by 2019. This industry has been increasing at a compounded yearly rate of 7% between 2014 and 2016, being projected…
If you are interested in changing company types in Lebanon, it is important to know that the way to do this is by closing the existing company and then setting up a new one under the form you require. As follows, our company formation agents in Lebanon explain what the main types of…
Holding companies in Lebanon are governed by the Decree-Law No. 45 from 1983 and its amendments. Holding companies in this country are joint-stock companies which are ruled by the same regulations applied to local joint-stock entities. However, there are certain exceptions related to their purpose, which is limited by the legislation, and their…
Foreign entrepreneurs and local investors are able to open a company in Lebanon without any restrictions. In this article, we analyze the share capital in Lebanon which is needed to set up different legal entities in this country. The share capital in Lebanon for joint stock companies In order to set up a joint…
The corporate tax rate in Lebanon is set at 15%. The corporate tax rate in this country is collected from businesses. Its amount is based on the net income which businesses make when they practice their activities, usually during one business year. As follows, our company formation consultants in Lebanon explain the corporate tax in this country. More details on the corporate tax…
A legal entity which is considered a resident of Lebanon (meaning that it is set up or registered under the local legislation), or which is doing business from a fixed office in the country for more than 6 months in any 12 consecutive months in public contracting projects is taxed on its worldwide income in…
In this article, our company formation advisors in Lebanon present a few of the most attractive investment industries in Lebanon. The tourism industry in Lebanon The tourism and travel industries in Lebanon are major players in the economy of the country. Their total contribution to the GDP of Lebanon is of around 20%. Important private…
