Investment Opportunities in Lebanon

Overview by Globlatrade.net:

Protection of Foreign Investment

Bilateral Investment Conventions Signed By Lebanon
Lebanon signed bilateral agreements with about fifty countries. On the Mediterranean Basin Lebanon signed bilateral agreements with Cyprus, Egypt, Spain, France, Italy, Morocco, Tunisia and Turkey. 46 agreements can be downloaded on the UNCTAD website.
International Controversies Registered By UNCTAD
Several conflicts with chinese and french companies.
For more information, consult the Department of Americain state.
Organizations Offering Their Assistance in Case of Disagreement
UNCTAD
Member of the Multilateral Investment Guarantee Agency
Yes
 

Country Comparison For the Protection of Investors

  Lebanon Middle East & North Africa United States Germany
Index of Transaction Transparency* 9.0 6.3 7.0 5.0
Index of Manager’s Responsibility** 1.0 4.6 9.0 5.0
Index of Shareholders’ Power*** 5.0 3.4 9.0 5.0
Index of Investor Protection**** 5.0 4.8 8.3 5.0

Source: Doing Business

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

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Procedures Relative to Foreign Investment

Freedom of Establishment
A foreign investor can set up business in Lebanon in the same conditions as a Lebanese and must make sure he is on the Register of Commerce. Foreign investors must produce an employer's work permit and a residence permit. The employer's work permit specifies that foreign holdings in capital cannot be less than 67,000 USD, and that the employer has at least three Lebanese workers registered with the social security office. In addition, buying property is sometimes limited. In the same way, some investment projects are subject to conditions in some sectors or according to the origin of the investor.
Acquisition of Holdings
A holding company may not hold directly more than 40% of the shares of two companies that are active in the same sector.
Obligation to Declare
There is no obligation to declare. Lebanon assures and guarantees total freedom of local and foreign capital.
Competent Organization For the Declaration
Lebanese Stock Exchange website.
Requests For Specific Authorizations
These are the restrictions on foreign investment in Lebanon:
- the media, inaccessible to foreign companies;
- commercial representation: the capital of a joint stock company (SAL) must be made up of registered shares held predominantly by Lebanese, and 2/3 of the capital of a limited liability partnership company (SARL) must be held by Lebanese;
- the exploitation of a public service. In the case of a joint stock company (SAL), a third of the capital must be held by Lebanese;
- the real estate sector: a branch office cannot exercise in this sector (in the case of a subsidiary, the capital must predominantly be held by Lebanese and an authorization from the Cabinet is necessary);
- banking and insurance sectors, those of capitalization, savings, capital investment, organized air transport: it is impossible to create a limited liability partnership company (SARL) in these sectors.
 
Find Investment Service Providers in Lebanon on GlobalTrade.net.
 

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Office Real Estate and Land Ownership

Possible Temporary Solutions
There are a few existing: The address of the company at the leader's private place of residence, the address in a business centre, accommodation in temporary workshops, the tree nurseries of companies and professional premises rentals.
The Possibility of Buying Land and Industrial and Commercial Buildings
For more information, visit the IDAL website (Investment Development Authority of Lebanon).
Risk of Expropriation
For more information, visit the IDAL website (Investment Development Authority of Lebanon).

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Investment Aid

Forms of Aid
For more information, visit the IDAL website (Investment Development Authority of Lebanon).
Privileged Domains
For more information, visit the IDAL website (Investment Development Authority of Lebanon).
Privileged Geographical Zones
-The building industry;
- Telecommunications;
- Tourism.
Free Zones
For more information, visit the IDAL website (Investment Development Authority of Lebanon).
Organizations Which Finance
For more information, visit the IDAL website (Investment Development Authority of Lebanon).

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Investment Opportunities

The Key Sectors of the National Economy
The Investment Development Authority of Lebanon (IDAL) website offers about fifty investment opportunities on line classified by sectors. Several property projects in the field of tourism are proposed as well as less conventional opportunities such as marine museum, preparation companies of different sectors (pharmacy, shoes, food processing industry ...), projects of raw material extraction (marble), the investment in new technologies, the construction of a hospital or services: air taxi, cleaning, car wash, etc.

Services
Lebanon offers numerous opportunities in qualified workforce activities (polyglot and trained workforce). Services proliferate in different sectors in Lebanon: insurance, advising, finance, education, tourism, etc. Lebanon knew how to take the bend of new technologies and offers activities linked to the development of Internet and communication networks. Service providing is also developing (car wash, remote monitoring and location of a vehicle, air taxi, etc.).

Industries
Several property projects are in progress such as hotel complexes, office buildings and apartments. Other projects are also in progress: shoe factories, office furniture, paper mills, pharmacy, marble extraction, etc. The food-processing industry counts several projects too: yogurt factories, mineral water production, lemon juice production, baby food manufacturing,etc.

Infrastructures
A project of building a wireless network is in progress in Lebanon.

High Potential Sectors
- The building industry;
- The telecommunications;
- Tourism.
Privatization Programs
The goverment plans to privatize banks.
Tenders, Projects and Public Procurement
Tenders Info, Tenders in Lebanon
DgMarket, Tenders Worldwide

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Sectors Where Investment Opportunities Are Fewer

Monopolistic Sectors
For more information, visit the IDAL website (Investment Development Authority of Lebanon).
Sectors in Decline
For more information, visit the IDAL website (Investment Development Authority of Lebanon).

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