I want to
apply for IDAL’s incentives
know if I qualify for IDAL’s incentives
request IDAL’s support through the BSU
know if I qualify for the BSU Support
to know what are the BSU services
know what are the steps to open a business
know what are the licenses and permits needed to open a business
know more about Investment Opportunities in Lebanon
operate in Lebanon
export from Lebanon
access Global ICT Bids
Termination Process
If I decide to terminate the business is there any special procedure?

Termination of a business starts by notifying the Ministry of Finance through submitting special declarations (تصريح توقف عن العمل) within two months after the termination decision of the business, together with Minutes/ Resolution approving such termination. There are also penalties for the failure to submit the required declaration:

  • Joint stock (SAL) Companies: LBP 2,000,000
  • Limited liability (SARL) & Exempted companies: LBP 1,000,000
  • Partnerships and Proprietorships: LBP 300,000
Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh Beirut, Lebanon,P.O.Box 113-7251
+961 1 983306 Ext:286
+961 1 981302