The underlying legal code in Lebanon is civil law (french) law. You will want to get some local advice as to how to best structure a company in Lebanon. One is permitted to electronically sign documents.
The abbreviation LB is for Lebanon and the most common company structure in Lebanon is a LLC(SARL).
You should expect a wait time of 2 weeks to incorporate a LLC(SARL) in LB. The types of cash you can use to capitalize your business is most commonly any legal tender.
Yes, one is allowed to re-domicile a LLC(SARL) from LB. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC(SARL) in Lebanon as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is tolerated, up to 100% of the total shareholding.
There is a requirement to have at least 3 directors. Moreover, corporate directors are permitted. Directors should not expect to be private, as they are disclosed. There is a requirement to have annual meetings of shareholders.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for an address which can receive litigation or other legal process on behalf of the company. A related requirement, a company secretary is not a requirement.
There is an obligation to file yearly tax returns. Furthermore, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Lebanon Civil Law (French) is 25,000.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Lebanon, IDAL. Shareholders are disclosed in the IDAL.
Typically companies take 2 weeks to setup and there are 3 director(s) required and 3 shareholder(s) required at the time of incorporation.
Overall we think Lebanon is a ok option and have given it a score of 47 as an IO score, using the Incorporations.IO proprietary formula.
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