You can visit Our Corporate and Business Section for Company Formation in Lebanon for more information about business entities in Lebanon. You can check as well briefly the advantages of creating an offshore or a local company in Lebanon.
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The Offshore Company in Lebanon is the right choice for businessmen and persons who have a business running outside Lebanon or in the Lebanese free zones, as they can have almost any kind of business performed by the Lebanese offshore company and at the same time benefit from the negligible taxes regardless of the business turnover or profit achieved and benefit as well from the high level services offered by the country such as the banking sector amongst others.
A Lebanese offshore company can be incorporated with a single partner and can be fully owned by foreigners.
In addition to the above, many foreigners can benefit from a non double taxation treaty which is signed between their country and Lebanon within the legal requirements. (Nationals of a foreign country which signed a non double taxation treaty with Lebanon) Numerous countries signed a non double taxation treaty with Lebanon.
Offshore trust / trusts with all related bodies estate planning and foundations etc… In the Anglo-Saxon system can finds its equivalent or complementary structures due to Lebanese flexible corporate entities in offshore and other onshore corporate entities and structures in Lebanon with a big margin of flexibility, efficiency and privacy.
Setting up an offshore company in Lebanon offers many advantages mentioned below.
The offshore company is governed by decree law no 46 of the 24th of June 1943.
The Law no 19 dated 5/9/2008 amended the offshore companies’ regulations by easing its conditions and enlarging the scope of offshore companies’ activities.
Mainly the object of the offshore company in Lebanon was, before the amendment, limited to the following:
The Law no 19 dated 5/9/2008 amended the offshore companies’ regulations and thus, enlarged the scope of offshore companies’ activities to include in addition to the above:
The amendment removed the condition of having two Lebanese nationals in the company’s Executive Board which eases the conditions for foreign investors and gives them more incentives to invest in offshore companies in Lebanon.
As for the chairman, he may be a non-Lebanese resident abroad and may operate without a permit. The company is registered both in the Commercial Register and in a special register for offshore companies. An offshore company can not engage in banking operations, insurance or any other commercial activity in Lebanon and can not make any profits or revenues through movable or immovable assets in Lebanon, or through providing services to companies located in Lebanon, except for the interests on its bank accounts.
Some activities can not be undertaken by offshore companies such as banking, insurance and in general any activity in Lebanon which may generate profits. Offshore companies are formed in Lebanon, however they operate only in the Lebanese free zone and/or outside the Lebanese territory.
Besides this, an offshore company is a very interesting investment or a business due to its nature to the Lebanese laws regulating it and to the Lebanese flexible economical system.
Advantages of Creation / Incorporation of an offshore company in Lebanon
A- General Advantages
B- Taxes Advantages / Exemptions
Stamp duties on contracts, Inheritance tax, corporate income tax, Dividends distribution, Capital gain, Interest paid, Amounts paid in return for services…
The annual tax on Lebanese offshore companies is limited to the equivalent of around 600 USD.
Some Countries which signed a non double taxation treaty with Lebanon
Algeria, Armenia, Bahrain, Belarus, Bulgaria, Cuba, Cyprus, Czech Republic, Egypt, France, Gabon, Iran, Italy, Jordan, Kuwait, Malaysia, Malta, Morocco, Pakistan, Poland, Qatar, Romania, Russia, Senegal, Sudan, Sultanate of Oman, Syria, Tunisia, Turkey, U.A.E, Ukraine, Yemen.