A legal entity acts through two bodies of individuals: its shareholders and its board of directors. The board of directors is responsible for the management of the activities of the business, such as making the strategic and operational decisions.
With respect to hiring Lebanese workforce, the minimum wage in the public and private segment is established by the local government after discussing with employers and employees. The minimum wage in this country was last increased in 2012.
Foreign citizens who intend to live and work in the country must obtain a temporary residence visa in Lebanon. In this article, our company formation agents in Lebanon explain a few aspects related to this visa and the requirements which have to be met in order to obtain it.
The ITC (information technology) industry in Lebanon is growing at a rapid rate, having a market size of USD 436.2 million in 2016 and being expected to increase to USD 543.5 million by 2019. This industry has been increasing at a compounded yearly rate of 7% between 2014 and 2016.
If you are interested in changing company types in Lebanon, it is important to know that the way to do this is by closing the existing company and then setting up a new one under the form you require.
Holding companies in Lebanon are governed by the Decree-Law No. 45 from 1983 and its amendments. Holding companies in this country are joint-stock companies which are ruled by the same regulations applied to local joint-stock entities.
Foreign entrepreneurs and local investors are able to open a company in Lebanon without any restrictions. In this article, we analyze the share capital in Lebanon which is needed to set up different legal entities in this country.
The corporate tax rate in Lebanon is set at 15%. The corporate tax rate in this country is collected from businesses. Its amount is based on the net income which businesses make when they practice their activities.
A legal entity which is considered a resident of Lebanon (meaning that it is set up or registered under the local legislation), or which is doing business from a fixed office in the country for more than 6 months in any 12 consecutive months in public contracting projects is taxed on its worldwide income in Lebanon.
In this article, our company formation advisors in Lebanon present a few of the most attractive investment industries in Lebanon.