How can I incorporate a branch in Lebanon if the foreign company is registered in a country that has no embassy presence in Lebanon?
Administrative papers should be legalized by the General Honorary Consul in Lebanon. The documents should be translated to Arabic by a sworn translator either in the country of origin or in Lebanon and duly legalized. The decision of opening the branch in Lebanon should comprise the following points:
• The activity of the branch in Lebanon (excluding banks, insurance, air transport…)
• The name of the manager and her authoritative powers in Lebanon especially before public authorities and banks
• A statement that the fees of the branch in Lebanon will be supported by the company in the country of origin
Am I allowed to transfer funds from Lebanon and vice versa?
Yes, you are. Complete funds movements from Lebanon and vice versa are acceptable. Currency switch can be executed without any restrictions and while maintaining banking secrecy, which cannot be lifted, except in some cases.
Can I claim the priority of the Paris convention on any other law in Lebanon for my design application?
Yes, you can.
What is the quorum needed to amend the joint stock company's object?
The legal quorum to amend the joint stock company's object should always represent at least 3/4 of the company's share capital.
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