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QUESTIONS & ANSWERS view all

What are the advantages of incorporating an offshore company?

The advantages of incorporating an offshore company are:
• Tax saving and tax exemptions
• Effortless business administration
• Full ownership for non-Lebanese
• Limited liability of relevant shareholders
• Non-Lebanese chairman or general manager does not require a work permit if residing out-side Lebanon
• Non-Lebanese employees are exempt from work permits provided that the total balance sheet of the company exceeds USD 6,667,000
Can more than one person share the same invention?
Yes, they can. They should share the right for the patent.
Can I register a design?
Yes, you can.
What is a liquidation preference?
A liquidation preference grants the right to investors to get a certain multiple amount of their initial investment or a pro rata share of distribution whichever is higher before common shareholders are paid anything.

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Nadine Imad
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