The incorporation of an offshore company in Lebanon provides many advantages and benefits for the business men who opt for this company.
In fact, it can perform almost any kind of activities, trade and services provided that this business takes place outside the Lebanese territories and / or in the Lebanese free zone.
In addition, the Lebanese offshore company can still own its business premises where it performs its activities, have employees and benefit from the Lebanese banking stable and reputable system, and mostly benefit from the ultimate secrecy the Lebanon banking provides.
The offshore company is subject to a very favorable taxation regime paying a forfeit amount of taxes yearly which is 1,000,000 Lebanese pounds (667 USD) regardless of its profits or its turnover.
The offshore company can be fully owned and managed by foreigners.
The object of the offshore company is set to the below activities:
The Chairman of a Lebanon offshore company he may be a non-Lebanese resident abroad and may operate without a permit. The company is registered both in the Commercial Register and in a special register for offshore companies.
An offshore company is a very interesting investment specifically within the context of the flexible Lebanese legal system and the current regulations.
Foreigners or Lebanese will take maximum benefit from incorporating an offshore company in Lebanon as their liability in the business is limited to their shares in the company which itself has a very large scope of activities which can be undertaken and can under certain conditions be exempted from working permits in what relates to their foreign employees
Banking Offshore as well benefits to the investors in terms of privacy, secrecy and return on capital.
As well to mention the exemption from stamp duties on contracts, inheritance tax, corporate income tax, dividends distribution, capital gain, interest paid, amounts paid in return for services…
The annual tax on Lebanese offshore companies is limited to LBP 1 million (equivalent to 667 USD) as mentioned.
Therefore a Lebanese offshore company can be used in numerous beneficial ways by setting up the appropriate structure depending on the client’s request and interests.