This section concerns companies interested in doing business in Lebanon.
As the region’s centre of trade and business, Lebanon is an attractive destination for doing business. Lebanon has a long tradition of domestic free trade and investment policies, with free market pricing for most goods and services, an unrestricted exchange and trade system and extensive links with the developed world in practically all economic activities.
The Government has maintained a generally non‐interventionist stance toward private investment, and public ownership has generally been limited to infrastructure and utilities.
In addition to a free-market economy based on a long tradition of government-supported liberalism, a sophisticated banking system, a developed legal framework, a skilled workforce, and an exceptional lifestyle, Lebanon offers a large number of investment opportunities in all sectors of the Lebanese national economy.
The Investment Development Authority of Lebanon (IDAL), is the sole public agency responsible for promoting investments in Lebanon, identifying and marketing opportunities, guiding international companies to establish prime business positions, and assisting investors in accessing a wealth of untapped economic potential. When investing in Lebanon, let IDAL pave your way.
- Strategic Geographical Location: At the Centre of the Eastern Mediterranean, Lebanon is uniquely positioned at the crossroads of Africa, Asia, and Europe.
- Free Market Economy: Based on a long tradition of liberal investment policies, free enterprise and private initiative are the drivers of the Lebanese economy.
- Liberal Financial Environment: With a free foreign exchange market, full currency convertibility policies, no restrictions on the inward or outward movement of capital, and banking secrecy, Lebanon is truly ideal for conducting business.
- Developed and Non-Discriminatory Legal Framework: Lebanon offers a well-developed legal framework that protects private property and grants Lebanese and Non-Lebanese equal rights.
- Untapped Investment Opportunities: Lebanon offers investors a wide array of investment opportunities in all sectors of the economy. Furthermore, Lebanon represents a point of entry to a large regional market.
- Moderate Tax Rates: With maximum tax rates of 15% for companies and 20% for individuals, Lebanon’s fiscal charges are among the most moderate worldwide.
- Qualified and Competitive Workforce: Lebanon’s workforce is well educated and multi-talented. Skilled labor is widely available, yet at moderate fees.
- New and Expanding Infrastructure: With state-of-the-art telecommunications, a modern electricity network, a new airport, expanding port facilities, and an ambitious road rehabilitation program, Lebanon’s infrastructure is quickly becoming one of the best in the region.
- Unique Living Environment: Thousands of years of history, optimal climatic conditions, a very rich culture, and a vibrant nightlife justify Lebanon’s “Pearl of the East” surname.
- Facilities and services for Investors: IDAL’s “One-Stop-Shop” Service offers investors a fast and seamless way to obtain the official permits and licenses needed to implement their projects.
- Basic Facts and Figures
- Political System: Parliamentary Democracy
Languages: Arabic (official), French, English, Armenian
Population: 4,143,101 (July 2011 est.).
Workforce: 1.2 Million
Literacy Rate: 88.4 %
GDP: $ 16.4 Billion
Imports/Exports: $ 6.5 Billion/$711 Million
Area: 10,452 square kilometers
Climate: Mediterranean climate, with cool, wet winters and hot, dry summers.
Elevations: Highest point – Qornet Es-Saouda (3,090m). Lowest point – Mediterranean Sea (0m).
- Investment Opportunities
- Due to forced interrupted growth in the past three decades, Lebanon offers a large number of untapped investment opportunities in all sectors, of the Lebanese economy and more specifically in the Tourism, Agro-food industries, Light & Medium industries, Agriculture, Health, Telecommunications, Energy, Environment, Transportation, and Information Technology sectors.
Several indicators highlight the positive economic climate in Lebanon among which the Gross Domestic Product (GDP) that still marks continuous growth.
- Useful Links
The Investment Development Authority of Lebanon: http://www.idal.com.lb/
Ministry of Economy and trade: http://www.economy.gov.lb/index.php/home/2
Ministry of Finance: http://www.finance.gov.lb/Pages/index.htm
Doing business in Lebanon: http://www.doingbusiness.org/data/exploreeconomies/lebanon/starting-a-business/