Country Profile Statistics | Overview | Economic Review | Sector Analysis
Marketing Economic Strengths | Foreign Investment | Opportunties For Korean Business

Economy

Lebanon capitalizes on the initiative of its people and its geographical location to compensate for lack of natural resources. As a free market economy, the maximum income tax is 10% and sometimes less than that. In addition, Lebanon has a well-trained workforce in the various fields of development and technology. As a service-based economy with trading, banking, and financial facilities as well as its free currency market, Lebanon reigns as the region’s commercial and tourist center.

The Lebanese currency, the Lira (=100 Piasters), has continued to strengthen against the US dollar and is regaining its reputation as a powerful currency in international financial markets.

As the region’s center of trade and business, Lebanon is a host to several foreign companies. Lebanon offers one of the most liberal investment environments in the Middle East. The government offers incentives to attract foreign and domestic investment, including low income tax rates for individuals and corporations.

For more information on trade, business, economy, or investment in Lebanon, see The Ministry of Economy and Trade, Federation of Chambers of Commerce, Industry and Agriculture of Beirut and Mount Lebanon , The Investment and Development Authority in Lebanon, or The Ministry of Finance.