Doing Business in Lebanon Guides. Middle East. Learn from the Lebanon Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Lebanon Franchise & Middle East Business Opportunities and other small business and SME entrepreneurship news. In Lebanon, the goods and services sector represents the main part of economic activity. Industry and agriculture constitute 40% of the country’s wealth. PIB was estimated at 16,400 U.S. Dollars and its revenue per capita was estimated at 4,100 U.S. Dollars. On the economic level, Lebanon opted for a liberal regime characterized by freedom of trade and market exchange with every country except Israel. Lebanon occupies a privileged position in the world of International Finance mainly due to the laws of banking secrecy.
Doing Business in Lebanon Guide
There are many good reasons for U.S. companies to export to Lebanon. Lebanese consumers are fond of U.S. products, given their high quality and competitive price. English is widely spoken in the business community. Payments for business transactions are often made in U.S. dollars, and major Lebanese banks have American correspondent banking relationships that facilitate financial transactions between U.S. exporters and Lebanese importers. According to Lebanese Customs statistics, major U.S. exports to Lebanon were mineral fuel and oil, vehicles, machinery and electrical instruments, products of chemical industries, prepared foodstuffs, beverages and tobacco, and vegetable products. Learn more from Lebanon Business Guide provided by ExportGov from the US Government.