Administrative authorization is required only for setting up banking or insurance companies.
Shares may be fully foreign owned. Obviously, such kinds of partnerships will provide the advantage of sharing risks and responsibilities. No Sectors are Limited to Nationals Foreigners can choose to invest in any economic sector other than those dealing with arms or national security issues. Public Bids As opposed to other neighboring countries, foreigners can participate in public bids without having a local agent or partner. Encouragement of Commercial Activity Between Foreign Companies and their Lebanese Agents Lebanese commercial agents enjoy flexible legislation which favors their development in a free trade environment.