What you need to know to start a company in Lebanon , the United Arab Emirates and Saudi Arabia. To : Engineering Management 654 “ Technology Entrepreneurship” American University of Beirut 8 April 2013 By: Rindala Beydoun Celine Bsaibes Magda Farhat.
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To:Engineering Management 654
American University of Beirut
8 April 2013
By: Rindala Beydoun
Section 2: Most Used Companies in the United ArabEmirates (UAE)
Section 3: Most Used Companies in Saudi Arabia (KSA)
The most widely used companies in Lebanon are:
Said forms of companies limit the liability of the shareholders to their capital contribution. In other words, in case of losses, the risks of a shareholder are those of losing the capital it contributed without its personal assets being at stake.
SAL and SARL have different minimum capital requirements and shares are more easily transferred in a SAL compared to in a SARL. This usually reflects the main difference between the SAL and SARL which is that SAL is more anonymous in nature in the sense that the identity of the shareholders does not play an important role in the company’s business.
Other forms of widely used Lebanese companies are the holding company andthe offshore company which are joint stock companies with certain particularities mainly related to the nature of the activities they exercise:
In addition to the general rules governing the joint stock company in Lebanon, the holding and the offshore companies are governed by specific rules set forth respectively in decree-law 45/1983 and 46/1983:
Foreign ownership in both the LLC and the PJSC is limited to 49% of the share capital of the company. However, foreign investors can achieve near 100% ownership of LLCs via what is known as the “local sponsorship scheme documents”.
Offshore companies are allowed to: company in Lebanon, the holding and the offshore companies are governed by specific rules set forth respectively in decree-law 45/1983 and 46/1983:
Offshore companies are not allowed to:
Eligibility of the foreign investor company in Lebanon, the holding and the offshore companies are governed by specific rules set forth respectively in decree-law 45/1983 and 46/1983:to invest in KSA
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