Lebanon is one of the most developed economies in the Middle East which also features prominent on the global tourist map. Located in the Mediterranean, Lebanon boasts of a warm climate and close connections both with Asia and Africa. It is a favoured destination for foreign tourists giving it a multi cultural outlook.
Lebanon is also a little known global banking destination which has in recent years emerged as one of the favourites, particularly for investors from the Middle Eastern Nations. Its location, extremely strong banking rules and international quality banks all make it a favourite among the customers. Lebanese banks offer special products for its international customers and have multilingual staff to assist in their banking needs.
The country boasts of strong banking secrecy rules and the country also provides a favourable taxation regime with a large number of tax exemptions to foreign customers. The Government has also tried to encourage the use of technology to make them more favourable to customers.
Banking in Lebanon is controlled by The Banque du Liban (The Central Bank of Lebanon – http://www.bdl.gov.lb/) and there are more than 20 Local and Foreign Banks serving their customers in Lebanon. The banks offer banking in multiple currencies and also a relatively high rate of interest.
We at Empire through our team of expert advisors can provide you individualised services for banking in Lebanon.
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.