Key Competitive Attractions
Lebanon prides itself as the most cosmopolitan country in the Middle East and on of the region’s most liberal investment climates. The country offers a highly educated work force: Rates for enrolment in higher education far exceed the average in the Middle East. Lebanon also has one of the fastest growing economies in the world. At the height of the global financial crisis, the GDP of Lebanon grew by 9% (2009).
Lebanon has a free exchange regime, full currency convertibility policies and no restrictions on flows of capital, remittances or dividends. The central geographical location in the eastern Mediterranean offers easy access to millions of consumers and major international markets. At the same time, Lebanon can boast some of the best infrastructure in the region.
Assistance and Support For New Business Investors
The Investment Development Authority of Lebanon (IDAL) offers economic, commercial, legal and industrial advice to foreign investors. The agency acts in a mediating role between potential partners and helps identify joint-venture opportunities. IDAL also facilitates the issuance of permits and licences required to set up business operations.
