1989 - 2018 29 years in business Tuesday, 11th December 2018

LEBANON


 

Features Of Lebanon  International Business Companies                 

 

International Business Compagnies (IBCs)

IBC’s may engage in any lawful business in any country and may carry on transactions

In whatever Currencies they choose, with exception to businesses related to:

Banking, Insurances and Financial Institutions.

 

TAXATION 

The exemption from taxation for any business activity or transaction carried outside the Lebanon is limited to a flat tax of appx 666.00 USD. (LBP 1’000’000.00)

 

AUTHORIZED CAPITAL / SHARES / DURATION

Bearer Shares is allowed in Lebanon, The register of shares has to be kept updated.

IBC standard share capital is USD 20’000.00.

Company duration is of 99 years.

 

DIRECTORS, OFFICERS AND SHAREHOLDERS

Shareholders, Directors and / or officers can be either corporate entities or natural person.

Initial or ongoing changes in Directors and/ or officers need to be filed with Lebanon Registry.

The Directors may grant special or General Power Of Attorney.

Companies are allowed to have a sole Director, and it can be the share holder.

Neither the Directors nor the officers need to be shareholders.

Shareholders, Directors and officers may be of any nationality and may be residents

Of any country. Directors can operate without a work permit.

Shareholders and Directors may hold their meetings in any country, and may attend such meetings by proxy or by electronic means (phone – fax – etc).

 

ANNUAL FILLING – RECORD KEEPING

Requirement to file annual returns or financial statements, requirement to hold annual meetings of Shareholders or Directors, appointment of an auditor is mandatory.

 

INCORPORATION AND ADMINISTRATION

Excellent availability of company names for Incorporation.

Familiarity of incorporation documents (Memorandum & Articles of Association

Certificate of Incorporation

The words SAL – SARL, may be used as company’s name ending.

Incorporation documents may be drafted in Arabic and submitted together with an English translation.

Speedy incorporation procedures and simple ongoing administration.

An incorporation procedure takes 3 to 7 days.

 

REGISTERED OFFICE

Registered office in the Lebanon required.

 

CONTINUATION

Foreign companies can be speedily continued to the Lebanon.

 

USES OF LEBANON INTERNATIONAL BUSINESS COMPANIES (IBC’S)

Holder of a Bank accounts, in Lebanon and abroad, fixed deposits, investments plans and any other financial titles.

Owner of the shares of other companies or legal entities.

Owner of Apartments, Houses, Buildings, Vessels, and any other movable or immovable properties or goods.

Managing and promoting of international business transactions.

International leasing of vehicles and machinery.

Borrowing or lending money, paying or receiving commission and fees, royalties or other.

Marketing and promotion of products and services.

 

ADVANTAGES OF LEBANON OFFSHORE COMPANIES.

No stamps duties related to contract

No tax on profit

No inheritance tax

No tax on payment for foreign resident

No capital gain on income

Bank Secrecy –  with No obligation to disclose the beneficial owner name.

 

HIGHLIGHTS OF LEBANON

Excellent corporation law

Flexible company law

No exchange control regulations

Political and Economic stability

Excellent Hotel accommodations

Excellent worldwide communications facilities

Skilled personnel

 

The Following Info/Documents are required to be kept at Cardwell Capital registered office.

Appropriate character references and other due diligence documents, as required.

 

Complete and updated share register shall be kept at the registered office of the company,

Complete and updated register of Directors and Officers shall be kept at the registered office

And copy of this document to be filed at the registrar of companies of the Lebanon.

 

DOUBLE TAXATION TREATIES (32)

Lebanon has signed the double taxation treaties with a certain number of countries such as:

Algeria – Armenia – Bahrain – Belarus – Bulgaria – Cuba – Cyprus – Czech republic – Egypt

France – Gabon – Iran – Italy – Jordan – Kuwait – Malaysia – Malta – Maroc – Pakistan – Poland – Qatar – Romania – Russia – Senegal – Sudan – Sultanate Of Oman – Syria – Tunisia

Turkey – U.A.E – Ukraine – Yemen. 

 

rsz_1images

This entry was posted in JURISDICTION FLAG. Bookmark the permalink.

Comments are closed.