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Scitek Sal Offshore

Floor 3, Razzouk Residence, Dekwaneh, City Rama, Matn, Lebanon
Dekwaneh, Lebanon

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Scitek Sal Offshore

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    Offshore Companies In Lebanon

    Lebanese offshore companies can work everywhere but Lebanon, says Ghanem. While they can rent a local office and hire employees all of their products should be exportedm and cannot be sold to other Lebanese companies. The biggest benefit of registering offshore is that they only pay a yearly flat tax of US $650.
    Offshore Companies are governed by Decree-Law No.46 dated 24 June 1983 and the new Law No 19 dated 9 September 2008. Offshore companies are limited to the following specific activities:
    Negotiating and signing of contracts regarding operations and dealings to be executed abroad and relating to products and goods existing abroad or in the Lebanese duty free zone.
    Management of companies out of Lebanon whose activities take place exclusively abroad: export of professional, administrative and organizational services and the export of all types of software services to non-resident companies upon their request.
    Triangular or multilateral trade operations that take place outside Lebanon. For this purpose it is possible for offshore companies to negotiate, sign contracts, ship goods, re-issue invoices for activities and operations outside Lebanon or from and into the customs free zones in Lebanon. This includes the use of customs free zone facilities in order to store merchandise imported for re-export purposes.
    Performing maritime transport activities.
    Acquisition of bonds, parts, shares and participations in non-resident foreign companies; and providing loans to non-resident companies in which the offshore owns more than 20% of the capital
    Acquiring rights and/or exploiting rights for licenses of materials and merchandise; acting as agents or representatives of foreign companies in foreign markets.
    Creation of branches and representative offices abroad.
    Building, investing, managing and owning all types of economic projects
    Opening letters of credit and obtaining loans to finance the operations and activities mentioned above, from banks and financial institutions in Lebanon and abroad.
    Rental of offices and acquiring of real estate as necessary for the activity of the offshore company; complying with the law governing the acquisition of real estate by foreigners in Lebanon.

    As mentioned earlier, Offshore Companies are exempted from Income Tax and, instead, it shall pay a flat rate tax of LBP 1.000.000 (One Million Lebanese Pounds, or the equivalent of US $ 660). This tax will apply as of the first year of registration.
    Also, Dividends distributed by Offshore Companies are exempted from Capital Gains Tax (invested capital).
    Contracts and all other documents signed by the offshore company in Lebanon, related to its activities abroad, are exempt from the stamp duty tax.
    Dividends distributed by offshore companies are exempt on income from movable capital.
    Payments made to non-residents entities for work performed abroad are exempt from withholding tax.
    Employees of offshore companies working abroad are exempt from payroll tax.
    The offshore company shares and shareholders are exempt from transfer and inheritance taxes and all related fees.
    Lebanon Offshore provides a confidential, efficient and cost effective approach to set up an offshore company in Lebanon offering an all-encompassing portfolio of services and expertise.


    The economy of Lebanon is a developing economy, with a private sector that contributes to 75% of aggregate demand and a large banking sector that supports this demand. The IMF forecast a growth of 7% for Lebanons real GDP in 2010 and 2011 following 9% growth in 2009 and 8.5% in 2008. It has the 54th richest GDP per capita in the world, and it was forecasted that Lebanons GDP per capita would reach $20,000 by 2015, making it one of the strongest economies in the region. However, the Lebanese economy was badly affected by the Syrian civil war. The institute of international finance forecasted GDP growth of only 0.7% for 2013. Lebanon also suffers from a very high degree of public debt, the third-highest in the world in terms of the ratio of debt-to-GDP. As a consequence, interest payments consumed 48% of government revenues in 2016, thus limiting the government’s ability to make needed investments in infrastructure and other public goods.


    The major industrial sectors include metal products, banking, agriculture, chemicals, and transport equipment. Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement.


    Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement, and bank secrecy is strictly enforced. Lebanon has recently adopted a law to combat money laundering. There are practically no restrictions on foreign investment. There are no country-specific U.S. trade sanctions against Lebanon.


    Lebanon is a country in Asia and it is located in the western part of the Asian continent. Lebanon shares borders with just two countries Israel and Syria. The capital of Lebanon is Beirut and the official language of Lebanon is Arabic but many Lebanese also speaks French and English. As a matter of fact, English is rapidly becoming the first choice language that is used for business interactions in Lebanon.


    The Lebanese economy revolves around Agriculture, Tourism, Commerce, and Banking.


    Beirut the capital city of Lebanon has a very rich and robust nightlife hence attracting tourists who are heading towards the Middle East on vacation. It is important to note that Lebanon is ranked as 10th best country in terms of quality education and the 4th best country for math and science education in the world.

    Lebanon is famous for its exquisite beauty, diversity, glamour, European flavor, and hospitable people. Its rich culture and history have placed it on the 'must see' list of every world traveler. Lebanese cities are among the most famous names in ancient history and majestic ruins still stand today as a testimony to the greatness of people who lived in this land.
    The nature of Lebanon makes it the only country in the Arab world that embraces four seasons yearly. No matter what the season, there is always something special to enjoy. In the winter season, ski resorts offer tourists slopes that are comparable to even the best resorts in Europe. In the summer, international festivals all over the country in Baalbek, Byblos, Beiteddine, Batroun, and Jounieh bring together Lebanese and foreign artists to perform in stunning archaeological and historical sites. These events have given Lebanon an enviable place on the cultural map of the Middle East.


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