Lebanon’s strategic location, free market economy and liberal financial environment have traditionally played a key role in making Lebanon the favored destination of investors.
Beirut Practice Team will accompany you every step of the way, from inception until the completion of your project and beyond.
A Lebanese Joint Stock Company (JSC) is constituted among shareholders who are only liable to the extent of their contribution and who subscribe to negotiable instruments referred to as ‘shares’.
Lebanese joint stock companies must necessarily have the Lebanese nationality, and must by all means establish headquarters in Lebanon.
A Limited Liability Company is governed by Decree-Law No 35 of August 5, 1967 and is commonly referred to in Lebanon as S.A.R.L (this is the French equivalent of L.L.C). An S.A.R.L is founded by at least three partners with a maximum of 20. As indicated by its name, the company’s partners have a limited liability, limited to the amount of their contribution to the company.
A Foreign Commercial Company must register as a ‘Branch’ or ‘Representative’ office to operate in Lebanon.
A foreigner which obtains a prior approval from the Ministry of Labor is required to apply for a work permit within (10) days of the date of entry into Lebanon. The Ministry may revoke the prior approval if the foreigner fails to arrive to Lebanon within a maximum period of (3) months from the date of approval.
The work permit may be granted and renewed for a maximum period of (2) years from the date of issuance. The renewal application must be filed within at least (1) month prior to the expiry of its validity, lest it is automatically considered null and void.
A foreign employer/employee must apply and submit the required documents for a residency permit at the General Security Directorate.