Lebanon Company main characteristics:

Company type
Joint Stock Company
Governing corporate legislation Beirut Commercial Registry.
Information published relating to company officers Upon registration, company officers name will appear in the business registry, however, nominee services are available.
Confidentiality Lebanon offers a high level of anonymity and privacy.
Accounting requirement
No accounting / reporting requirements.
Taxation
USD 667 flat tax per year.
Legislation
Decree Law 46/83 and Law No19 dated in 09/09/2008.
Standard currency
Lebanese pounds / US$
Time to form
Lebanon has a fast and efficient registry (name and incorporation/ registration usually same or next day).
Stability
Stable jurisdiction with very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT+2
Secretary required
No
Paid up capital requirement
$20,000 must be deposited in the company account upon formation.
Basis of legal System
Under civil Law.
Minimum directors/shareholders
Minimum 3 shareholders (we can make sure to provide shareholders/ directors for the purpose of incorporation)
Bearer shares
Bearer shares are not permitted

DOCUMENTS REQUIRED FOR THE CREATION OF THE COMPANY
A certified copy of your passport (or identity card), as well as proof of domicile dated less than three months

General information on Lebanon

The Lebanese Republic is a western Asian country, bordered by Syria and Israel. It is a country that is well known for its history of religious and ethnic diversity, which dates back to the third millennium BC. Lebanon gained its independence from France in 1941. Lebanon’s economy follows a laissez-faire model, with a big part of its economy being dollarized. The Lebanese economy grew 8% in 2008 and 9% in 2009 despite the global recession. The economy is made up of financial services, commodities trading agriculture, and small business. The commodities market in Lebanon includes substantial gold coin production.

Lebanon is well known for its excellent confidentiality and top quality private banking system. Lebanon is not a member of OECD and did not sign any agreements for information exchange with any country whatsoever.



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