Published: 07 Oct 2008 15:55:26 PST
Home > Country Profiles > Lebanon > Operating a business
Lebanon
Operating a business
Setting up a company | Working conditions | Cost of labor | Social partners
Setting up a company
Legal business entities
| Different types of companies | Number of partners/shareholders | Maximum and/or minimum capital | Liabilities | Registration fees |
Public Limited Company (SA) |
Minimum 3 partners. | Minimum capital of LL 30,000,000 |
Partners' liability is limited to the amount contributed. | LL 1,000,000 stamp duty |
| Private Limited Company (SARL) | Minimum 3 partners. Maximum 20 partners. |
Minimum capital of LL 5,000,000 |
Partners' liability is limited to the amount contributed. |
|
| General Partnership (SNC). | Minimum 2 partners. | No minimum capital. | Partners are jointly and severally liable for debts on their assets. | |
| Limited Partnership by shares (SCA) | Minimum 3 partners. Two sorts of partners: sleeping partners and active partners. |
Minimum capital of LL 30,000,000. |
Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed. |
- Business setup procedures
- A company can be created within a week, because the corporation formalities are very simplified (constitution and corporation with the Trade Register). The status of the Public Limited Company and any further changes must be sent in and registered with a notary where the company is located.
Working conditions
- Legal weekly duration
- 48 hours
- Retirement age
- 60 for women and 64 for men.
- Working contracts
- Employment contracts are regulated by law. Individual negotiations complement it.
Cost of labor
- Minimum wage
- 300,000 lebanese pounds (USD200)
- Social security contributions paid by employers
- Famility schemes, 6%; medical schemes, 9%; termination indemnity scheme, 8.5%.
- Social security contributions paid by employees
- 3%.
Social partners
- Bargaining power
- CGTL (General Confederation of the workers of Lebanon)
- Unionization rate
- 42 %.
- Labor regulation bodies
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