Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Joint Stock Company Minimum capital of LBP 30,000,000	Minimum 3 partners. Limited to the extent of the share capital
Public Limited Company Minimum capital of LBP 30,000,000	Minimum 3 partners. Limited to the extent of the share capital
Private Limited Company Minimum capital of LBP 5,000,000	Minimum 3 partners. Maximum: 20 Limited to the extent of the share capital
General Partnership No minimum capital.	Minimum 2 partners. Unlimited liability
Sponsorship societies: SCS (partnership limited by shares) and SCA (partnership limited by actions) No minimum capital.	Minimum 2 partners. Unlimited liability
The holding company, subject to Decree Law no.45 of June, 24 1983 and its amendments. Minimum capital of LBP 30,000,000.	Minimum 3 partners. Limited to the extent of the share capital
The offshore company subject to Decree Law no.46 of June, 24 1983 Minimum capital of LBP 30,000,000.	Minimum 3 partners. Limited to the extent of the share capital

The Competent Organization: The Ministry of the Economy and Trade issues the necessary authorizations but concretely, an investor who wishes to form a company in Lebanon has only one contact, the Investment Development Authority.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Lebanon.
Investment Development Authority

Working Conditions

Legal Weekly Duration: 48 hours a week.
Retirement Age: 64 for men and women.
Working Contracts: Employment contracts are regulated by law. Individual negotiations complement it. Any company with more than 15 employees must send a copy of its rules and regulations to the Ministry of Labor. There are fixed-term contracts, open-ended contracts and internship contracts governed by the Lebanese legislation set up in 1946 and its subsequent amendments.

Minimum Wage: 500 000 Lebanese pounds (USD 333) per month.
Average Wage: Average monthly gross earnings is USD 600 per month.
Social contributions: Social Security Contributions Paid By Employers: Social contributions paid by employer:
Family allowances: 6%
Sickness and maternity: 7%
Compensation pension: 8.5%
Social Security Contributions Paid By Employees: Illness and maternity 2%.

Social Dialogue and Involvement of Social Partners: The main union in Lebanon is the CGTL (General Confederation of Lebanese Workers)
Unions: Website of the General Confederation of Lebanese Workers (only in Arabic).
Unionization Rate: 56%
Labor Regulation Bodies: Lebanese Ministry of Labor

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