Presidency of the
Council of Ministers
No permission is required to invest in Lebanon. The Government has a non-interventionist position concerning private investment. In fact, there is no legislation requiring foreign investors to obtain approval from the Lebanese authorities before embarking on an investment project in Lebanon. Moreover, there is a freedom of exchange in Lebanon allowing foreigners to import and export capital freely in any form they wish.
Restrictions on foreign investment are very few; all economic sectors are open to foreign investments, except those related to weapons and media and in some cases real estate ownership and activities related to national security. Foreigners have also the right to participate in public tenders without the need for a local partner.
A foreigner whether an entity or an individual cannot own a real estate right in the territory of Lebanon without obtaining a prior authorization granted by virtue of a decree issued by the Council of ministers upon the request of the Minister of Finance (the “Decree”)
According to the law, the exclusive representative must be a Lebanese national.
In case the company is a LLC, the majority of the partners must be Lebanese, the majority of the company’s capital must be held by Lebanese and the authorized signatories must be Lebanese.
In case the company is a joint-stock company, the majority of the company’s capital must be held by Lebanese, the director and authorized signatories should be Lebanese and 2/3 of the Board of Directors must be Lebanese. Finally the place of business must be in Lebanon.
Yes there is a freedom of exchange in Lebanon allowing foreigners to import and export capital freely in any form they wish. Complete funds movements from Lebanon and vice versa are acceptable. Currency switch can be executed without any restrictions and while maintaining banking secrecy which cannot be lifted unless in exceptional cases.