How do lebanese energy storage companies register

Where do offshore companies register in Lebanon?

The company formation and registration take place in both, the Commercial Register and in a special register for offshore companies. Offshore companies’ formation and registration occur in Lebanon, however, they operate only in the Lebanese free zone and/or outside the Lebanese territory.

Can a foreigner own a Lebanese company?

There are no limits to foreign ownership in Lebanese companies except where stipulated otherwise by law. Today, company registration in Lebanon has become very easy and fast. Whether you are Lebanese or a foreigner you can benefit from Lebanese company’s various advantages and have your business incorporated in no time with a bank account.

How much does an LLC cost in Lebanese?

An S.A.R.L is founded by at least three partners and this number of partners can go from 1 up to 20. An LLC minimum capital is set at five million Lebanese Pounds (approximately USD 3,333), noting that contributions may be in-kind or in-cash.

How can a foreign company start a business in Lebanon?

The branch must first be registered with the Ministry of Economy and Trade followed by a second registration at the Trade Registry. A director for the local branch needs to be appointed and as well as a lawyer with yearly fees. The foreign company may opt to establish a Representative Office in Lebanon.

How much tax does an offshore company pay in Lebanese?

The Offshore enjoys tax advantages and is subject to a flat yearly tax of one million Lebanese Pounds (667 USD) regardless of its turnover or profits. Law 85/2018 allowed the incorporation of an offshore company by a single shareholder.

Is Lebanon a good place to start a company?

Lebanon offers tempting opportunities when it comes to company registration and formation. There are no limits to foreign ownership in Lebanese companies except where stipulated otherwise by law. Today, company registration in Lebanon has become very easy and fast.