7. Lebanon
Lebanon may not offer the best secrecy in the world for its offshore investors, but it commits to provide the most stable one. Due to strict bank secrecy obligation, even the Lebanon’s Ministry of Finance himself cannot access information regarding transaction or bank customers’ identity within the financial sector.
Because of this commitment, the country might end up on the black list of uncooperative tax havens by OECD for not willing to participate to curb financial secrecy.
Most of the assets in Lebanon come from Arab Countries and large Lebanese diaspora or Lebanese descents that live outside the country.
Besides those in banking sector, Lebanon also offers other benefits for offshore companies. Offshore companies in Lebanon are freed from many kinds of tax. Among them are profits, stamp duties, inheritance, corporate income, dividend distribution, capital gains, and interest taxes.
