Investment Development Authority of Lebanon
Encyclopedia
The Investment Development Authority of Lebanon (IDAL) is the national investment promotion agency
of Lebanon
. IDAL was established in 1994 with the aim of promoting Lebanon as a key investment destination, and attracting facilitating, and retaining investments in the country.
In 2001, Investment Law No.360 was enacted to reinforce the organisation's mission, providing a framework for regulating investment activities in Lebanon, and providing local and foreign investors alike with a range of incentives and business support services.
In addition to its role as an investment promotion agency, IDAL is entrusted with the active promotion and marketing of Lebanese exports including but not limited to agricultural and agro-industrial products.
IDAL enjoys financial and administrative autonomy and reports to the President of the Council of Ministers who exercises a tutorial authority over it.
Technology, Technology, Telecommunication, and Media.
Two incentive schemes are available:
1. Investment Project by Zone (IPZ) scheme: It is a scheme based on the project’s geographical location, investment size and sector type. It provides investors with fiscal related incentives and work permits. This scheme divides Lebanon into three geographical zones (Zone A, Zone B, Zone C).
2. Package Deal Contract (PDC) scheme: It is a scheme based on the project’s investment size, number of jobs created,and sector type. It provides investors with fiscal and labor related incentives as well as set-up fees reductions. Under this scheme, the investor is bound by a contract with the Lebanese government represented by IDAL.
Mr. Hawlo Thleiss, Vice-President
Mr. Georges Kassab, Vice-President
Mr. Ramzi El-Hafez, Board Member
Mr. Mourched F. Hage Chahine, Board Member
Mr. Wassim G. Audi, Board Member
Mr. Farid N. El Kheshen, Board Member
Mr. Nacib M. Hoteit, Government Commissioner
Investment promotion agency
An investment promotion agency is most often a government agency whose mission is to attract investment to a country, state, region or city...
of Lebanon
Lebanon
Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...
. IDAL was established in 1994 with the aim of promoting Lebanon as a key investment destination, and attracting facilitating, and retaining investments in the country.
In 2001, Investment Law No.360 was enacted to reinforce the organisation's mission, providing a framework for regulating investment activities in Lebanon, and providing local and foreign investors alike with a range of incentives and business support services.
In addition to its role as an investment promotion agency, IDAL is entrusted with the active promotion and marketing of Lebanese exports including but not limited to agricultural and agro-industrial products.
IDAL enjoys financial and administrative autonomy and reports to the President of the Council of Ministers who exercises a tutorial authority over it.
Investment Incentives
IDAL provides incentives for investments in key sectors including: Industry, Agriculture, Agro-Industry, Tourism, InformationTechnology, Technology, Telecommunication, and Media.
Two incentive schemes are available:
1. Investment Project by Zone (IPZ) scheme: It is a scheme based on the project’s geographical location, investment size and sector type. It provides investors with fiscal related incentives and work permits. This scheme divides Lebanon into three geographical zones (Zone A, Zone B, Zone C).
2. Package Deal Contract (PDC) scheme: It is a scheme based on the project’s investment size, number of jobs created,and sector type. It provides investors with fiscal and labor related incentives as well as set-up fees reductions. Under this scheme, the investor is bound by a contract with the Lebanese government represented by IDAL.
Services
Apart from granting incentives on investment projects, IDAL in entrusted with the following services:- Providing economic, commercial, legal, industrial and other information relevant for investment decisions.
- Providing information on economic sectors with investment potential.
- Identifying and promoting investment opportunities in various growth promising sectors.
- Mediating contacts between investors and entrepreneurs to identify potential joint-venture opportunities.
- Granting various types of fiscal exemptions and fees reduction to investment projects as stipulated in Investment Law No. 360.
- Participating in the capital of joint-stock companies in specific fields.
- Facilitating the issuance of permits and licenses required for starting and operating a business through coordinating with corresponding public institutions.
- Providing advice on issues affecting the investment climate in Lebanon.
- Arranging for business meetings with officials from both private and public sectors.
- Providing after-care service for investment projects.
Board of Directors
Mr. Nabil Itani, Chairman and General ManagerMr. Hawlo Thleiss, Vice-President
Mr. Georges Kassab, Vice-President
Mr. Ramzi El-Hafez, Board Member
Mr. Mourched F. Hage Chahine, Board Member
Mr. Wassim G. Audi, Board Member
Mr. Farid N. El Kheshen, Board Member
Mr. Nacib M. Hoteit, Government Commissioner