Is the Bar Association Barring Lebanon from Doing Business?

3:51 pm in Entrepreneurship, General, Starting up by Tania Saba Mazraani

I recently attended a workshop organized by the World Bank Group at the Grand Serail, focusing on the ease – or not – of starting a business in Lebanon for limited liability companies, best known as SARL (Société anonyme à responsabilité limitée).

Inevitably, the workshop leaders had to draw comparisons and benchmark against existing practices worldwide. They looked at four indicators, being first, the number of days required to pre-register, register and post-register a company, secondly, the cost against % of income (exclusive of any hidden charges!!), thirdly, the paid-in minimum capital, which presently stands at LBP 5M, and finally, the number of procedures involved. Read the rest of this entry →