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Economy, tax incentives & labor conditions
As in other countries in the Middle East, there are many migrant workers and some are suffering from a lack of legal protection. Some of them are working in conditions close to slavery.
Country investment incentives: bank secrecy and a free exchange regime with no control on capital flows; low taxes with a flat 10% corporate tax and a 5% tax on dividends; All free zones, Beirut Port, Tripoli Port, Selaata free zone, offer business and financial incentives, including the possibility of 100 pct foreign ownership, ten-year corporate tax exemption with no personal income tax for foreign employees, customs exemptions for goods entering and leaving the free zone.
Main violations of the human rights and dirty money laundering
1998 Banque Libano Française SAL