Wissam Abousleiman from Lebanon visits Colman Coyle’s London Office

Colman Coyle were pleased to welcome Wissam Abousleiman to our London office on Thursday 12th September 2019. It was a great pleasure for Howard Colman, Founding Partner and Head of the International Department, to meet up with his good friend Wissam from Abousleiman & Co during his trip to London. Wissam is a fellow long-standing member […]

Wissam AbousleimanManaging Director, Abousleiman & Co

IR Global Member Interaction – Wissam Abousleiman meets with Jeb Burton

Here we see Wissam Abousleiman of Abousleiman & Co meeting with Jeb Burton (and his wife) of The Burton Law Firm during Jeb’s vacation in Copenhagen. Here at IR Global, we love it when members send us photos when they are travelling and meet other IR members. If you are due to be travelling, or have travelled recently and have […]

Wissam AbousleimanManaging Director, Abousleiman & Co

Serhal Nasser & Co joins IR as the exclusive Audit & Assurance Member in Lebanon

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Zalpha Nassar of Serhal Nasser & Co. Zalpha has joined IR as our exclusive Audit & Assurance Member in Lebanon. Serhal Nassar & Co. an audit and consulting firm was first established in 1967 in Lebanon by Serhal Nassar, a Lebanese CPA and sworn […]

Zalpha NassarSenior Partner, Serhal Nassar & Co

Wissam Abousleiman to compete at Shotokan Karate Berlin 2018

I will be in Berlin competing in a Euro Karate tournament this Sept. 22/23 and for a bit of fun I wanted to invite local members to come and watch / go for dinner.  About the competition, the dates are: September 20-24, 2018 & this is the event link: https://iskf.com/iskf-euro-shoto-cup-berlin-september-20-24-2018/ competition days are the 22nd […]

Wissam AbousleimanManaging Director, Abousleiman & Co

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 […]

Wissam AbousleimanManaging Director, Abousleiman & Co

What is the most common tax structure for inbound investments into Lebanon?

To be straightforward, it depends on the level of investment. Some international clients who want to have Lebanon as a Middle Eastern operations base have a representative office here instead of a Lebanese corporation. They only have admin or marketing staff in order to promote the product line, so it is not a taxable entity. […]

Wissam AbousleimanManaging Director, Abousleiman & Co

What are the most serious tax pitfalls to be aware of when considering an inbound investment into Lebanon?

The major tax pitfall we have in Lebanon is not directly linked to the tax itself, but to the entity’s performance. Most of our cases have been to do with compliance, involving lots of companies which never really paid attention to the laws around residency. There are regulations that define who is tax resident or […]

Wissam AbousleimanManaging Director, Abousleiman & Co

As a business engaged in cross border activities are you compliant? What questions must be addressed?

There is no doubt in today’s world that compliance is a major focus for businesses as governments impose new measures to establish controls on transfers of funds in a bid to combat money laundering, terrorism financing and tax evasion.Of course, this puts a lot of strain on the world’s economies and the means by which […]

Wissam AbousleimanManaging Director, Abousleiman & Co

How important are double taxation treaties in Lebanon? Are you able to use them to the advantage of your clients?

It is said that there are more Lebanese outside Lebanon then there are in Lebanon, so it comes as no surprise that Lebanon has more than 30 tax treaties, especially when the country’s diaspora is highly engaged in holding assets, investing in their homeland and sending savings back to family members. Lebanon has always been […]

Wissam AbousleimanManaging Director, Abousleiman & Co