Setting up a Business in Lebanon

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Public Limited Company
 
 
Minimum capital of LBP 30,000,000
Minimum 3 partners.
 
 
Partners' liability is limited to the amount contributed.
The fixed cost of registration is LBP 2,400,000 or 1,600 USD.
Private Limited Company
 
 
Minimum capital of LBP 5,000,000
Minimum 3 partners.
 
 
Partners' liability is limited to the amount contributed. They are personally and severally liable for the Company and for third parties in case of infringement of the law or regulations and mismanagement.
The fixed cost of registration is LBP 1,400,000.
General Partnership
 
 
No minimum capital.
Minimum 2 partners.
 
 
Partners are jointly and severally liable for debts on their assets.
The fixed cost of registration is LBP 1,250,000
Sponsorship societies: SCS (partnership limited by shares) and SCA (partnership limited by actions)
 
 
Minimum capital of LBP 30,000,000.
Minimum 3 partners.
 
 
Liability of sponsored is illimited. Sponsors' one is limited to the amount contributed.
The fixed cost of registration is LBP 1,250,000.
The holding company, subject to Decree Law no.45 of June, 24 1983 and its amendments.
 
 
Minimum capital of LBP 30,000,000.
Minimum 3 partners.
 
 
Partners' liability is limited to the amount contributed.
LBP 2,500,000
The offshore company subject to Decree Law no.46 of June, 24 1983
 
 
Minimum capital of LBP 30,000,000.
Minimum 3 partners.
 
 
Partners' liability is limited to the amount contributed.
LBP 2,500,000
 
 

Business Setup Procedures

Administrative Formalities
A company can be created within a week, because the incorporation formalities are very simplified ( incorporation and registration with the Trade Register). It is the Investment Development Authority which issues all the necessary authorizations. It has a one stop shop which makes the formalities easier. The articles of a public limited company and any further changes must be lodged and registered with a notary in the place where the headquarters of the company is located.
The Competent Organization
The Ministry of the Economy and Trade issues the necessary authorizations but concretely, an investor who wishes to form a company in Lebanon has only one contact, the Investment Development Authority.
Time Necessary for Registration
About 10 days.
Registration Costs
It depends on the type of company. Consult the different costs on the Investor's Guide in Lebanon.
 

Recovery Procedures

Principle
For more information, consult the Incorporation Law and the Privatization Law
Minimum Debt-to-Capital Ratio Triggering Liquidation
For more information, consult the Incorporation Law and the Privatization Law
Bankruptcy Laws
For more information, consult the Incorporation Law and the Privatization Law
Reorganization and Rehabilitation Laws
For more information, consult the Incorporation Law and the Privatization Law

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