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Lebanon
Lebanon Culture, Politics, and Economy
Lebanon is a small country with a very high level of influence in the Arab world, with a culture that is diverse and popular throughout the region. A high level of literacy and mercantile culture has also made Lebanon a significant commercial hub for the Middle East. The country borders the Mediterranean Sea between Israel and Syria. Lebanon has been known to have a powerful, unrestricted commercial tradition and a free-market economy. Notably, Lebanon does not inhibit foreign investment; although it continues to face the same challenges of political instability and corruption that affect other nations in the region. Before the civil war (1975-1990), the country was relatively calm and prosperous, with strong financial power and cultural diversity. Its capital, Beirut, was known as the ‘Paris of the Middle East.
6.2 million people live in Lebanon and it has two major ethnic groups: Arab and Armenian. Major languages include Arabic (official), Armenian, French, and English while the primary religions include Islam, Christianity, and Druze. Khalil Gibran, a Lebanese poet, is one of the highest-selling poets of all time.
| 2021 | |
| March 25 | Feast of the Annunciation |
| April 2 | Good Friday |
| April 5 | Easter Monday |
| May 1 | Labor Day |
| May 6 | Martyr’s Day |
| May 13 | Eid al-Fitr |
| May 14 | Eid ul Fitr Day Two |
| May 25 | Liberation and Resistance Day |
| July 20 | Eid al-Adha |
| July 21 | Eid al-Adha holiday |
| August 10 | Muharram |
| August 15 | Assumption of Mary |
| August 19 | Ashoura |
| October 19 | The Prophet’s Birthday |
| November 22 | Independence Day |
| December 25 | Christmas Day |
- s.a.l. (Societe Anonyme Libanaise)
- S.A.R.L. (Société à responsabilité limitée)
- S.N.C.(Société en Nom Collectif)
- S.C.S.(Société en Commandite Simple)
- Holding Company
- Offshore companyRR
- Branch of Foreign Company
- Representative Office
- Corporate Tax: 17%
- Income Tax (Lowest Marginal Rate): 2%
- Income Tax (Highest Marginal Rate): 25%
- VAT/GST/Sales Tax: 11%
- Audi Saradar Bank S.A.L (Commercial Bank)
- Bank Med S.A.L (Commercial Bank)
- Bank of Beirut S.A.L. (Commercial Bank)
- BLOM Bank S.A.L. (Commercial Bank)
- Byblos Bank S.A.L. (Commercial Bank)
- Citibank, N.A. (Commercial Bank)
- Crédit Libanais S.A.L. (Commercial Bank)
- Federal Bank of Lebanon S.A.L. (Commercial Bank)
- Fransabank S.A.L. (Commercial Bank)
- Arab Finance House S.A.L. (Foreign Bank)
- Banca Di Roma S.P.A (Foreign Bank)
- Bank of Kuwait And The Arab World S.A.L. (Foreign Bank)
- Banque Libano-Française S.A.L. (Foreign Bank)
- Banque Nationale de Paris “Intercontinentale” (Foreign Bank)
- HSBC Bank Middle East Limited (Foreign Bank)
- Intercontinental Bank of Lebanon S.A.L. (Foreign Bank)
- Lebanon & Gulf Bank S.A.L. (Foreign Bank)
- Lebanese Canadian Bank S.A.L. (Foreign Bank)
- Lebanese Islamic Bank S.A.L. (Foreign Bank)
- Lebanese Swiss Bank S.A.L. (Foreign Bank)
- National Bank of Kuwait (Lebanon) S.A.L. (Foreign Bank)
- Saderat Bank of Iran (Foreign Bank)
- Société Nouvelle de la BANQUE de SYRIE et du LIBAN S.A.L. (Foreign Bank)
- Standard Chartered Bank S.A.L. (Foreign Bank)
- Syrian Lebanese Commercial Bank S.A.L. (Foreign Bank)
- FFA Private Bank (Private Bank)
Aadmi can support you with your expansion to Lebanon. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
