What features of the tax system in Lebanon are particularly attractive to potential investors? Any little known structures you wish to share?

Traditionally, we have always had holding companies attracted to Lebanon. There is an added value because of the bank secrecy laws which are still in effect for anyone who is not American. Lately though, the Lebanese Government has been trying to make it even more attractive for foreign companies to set up in Lebanon. This is aimed, in particular, at those connected to technology or IT sectors by offering a package of tax discounts. Another incentive is to encourage investment is the government’s plan to cover employers’ social security costs (25.5 per cent of taxable salary) with regard to their recently hired employees.