CHARECTERISTICS:
Constituted in Lebanon but operates in the Lebanese Free zone or abroad.
Full ownership for non-Lebanese.
Minimum 3 shareholders.
Chairman is elected by the Board of Directors.
Only subject to a flat yearly Tax of LBP 1 Million Approx USD 666.
Minimum incorporation capital USD 20.000.
Salaries & benefits paid to employees working abroad are exempted from the payroll tax.
Restricted from operating insurance, Banking & Financial institutions operations.
TAXATION:
Subject to:
LBP 1 million (USD 666) fixed annual tax.
10% tax on profit received from the sale of fixed assets in Lebanon.
Payroll tax on the salaries of company employees working in Lebanon.
Exempted from:
Income tax on profits.
Income tax on profit distribution.
30% of foreign resident employees’ basic salary is exempt.
Stamp duties on overseas business contracts signed in Lebanon.
REQUIRED DOCUMENTS
For Individual Applicants:
Copy of the ID of the shareholders
Contact details of the Shareholders
Name of the chairperson/general manager
Address of the company and a copy of the lease agreement
Full contact details of each shareholder
POA
For Corporate Entity Applicants
Certificate of Registration of the company.
Certificate of Authorized Signatory of the company (i.e. a document empowering a person to sign on its behalf)
*For Foreign Shareholder Companies, documents must be certified by the Commercial Registry – Ministry of Foreign Affairs & by the Lebanese Consulate of the country of origin.
