Legal & Tax benefits in Lebanon

Incorporation of offshore companies in Lebanon is becoming more frequent due to the legal and tax advantages provided by the regulatory framework.

LEGAL ADVANTAGES

 

  • Full ownership for non-Lebanese
  • Limited liability of relevant shareholders
  • Non-Lebanese chairperson/general manager does not require a work permit if residing outside Lebanon
  • Non-Lebanese employees are exempt from work permits providing the total balance sheet of the company exceeds USD 667,000
  • No legal obligation to appoint a lawyer unless the capital of the company exceeds USD 33,350 or the total balance sheet of the company exceeds USD 500,000

 

TAX BENEFITS
 
Lebanese offshore companies provide protection and exemption from:

 

  • Stamp duties on contracts
  • Tax on profits
  • Interest tax gained on foreign investments
  • Tax on interest and amounts paid to foreign residents
  • Tax on salaries paid to employees working outside Lebanon
  • Inheritance tax
  • Financial standards requirements


Offshore companies are merely subject to an annual flat tax of USD 667.