It is required of each foreign company wishing to do business in Lebanon to inform the Ministry of Economy and Trade in a formal document prior to registering in the Commercial Registrar.
Requests For Specific Authorisations
IDAL has the authority to award licenses and permits for new investment in specific sectors. The law does not permit offshore banking, trust, and insurance companies to operate in Lebanon. Banking, insurance, and cargo, which can only operate as SALs, are required to have a Lebanese majority on the board, making them, in practice, restricted for FDI. Several restrictions apply to the real estate sector as well (cabinet approval is required for acquisitions of land above 3,000 square meters).
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