Beirut Trade industry mainly highlights on the trade and industrial scenario of the country and the wide range of facilities offered to the entrepreneurs to establish and expand their business in Beirut.
Beirut: Trade and Industry
Beirut has a glorious history of trade and business which is thousands years old. Being the capital of Lebanon, this city is widely celebrated as an international center of finance, trade and culture. As a result, Beirut Trade industry has always been the main focus of the country and Beirut has been an important trading hub since ancient times. The stable political scenario along with parliamentary democracy encourages the regional as well as international financiers to invest here. Other than the high quality life style, extremely well developed banking system and expert man power resources, Beirut has several things to offer to the entrepreneurs.
The facilities available to set up business in Beirut
The reasons behind the popularity of Beirut for becoming a business hub are given below:
- The favored location of Beirut at the crossways of Europe, Asia and Africa
- Reasonable tax rate ( corporate tax-15% which is considered as the lowest tax rate)
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- Highly updated and fair Legal support
- Developing and booming infrastructure(includes latest telecommunication network, a newly constructed airport, cutting edge technology and renovated and extensive harbor facilities)
- Moderate Financial setting
- Free Market financial system
- The Customs Law has been formulated in favor of the export and import system
- The Customs Duties are reduced on most of the imported products
Beirut offers a great number of business opportunities in several sectors like agriculture, tourism, energy, information technology and health and agro-food industries which facilitates the growth of trade and industry in Beirut.
WTC Beirut
World Trade Center or WTC Beirut being a member of World Trade Center Association (WTCA) is devoted towards upgrading the trading system of Beirut up to international standard. WTC Beirut not only aspires to promote the Lebanese entrepreneurs but also encourages the overseas investors with the right kind of facilities and services so that foreign investment in the country is increased.
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