Lebanon has a free-market economy and a liberal financial environment making it an attractive destination for developments and initiatives. Over the past 3 years, the country maintained steady growth averaging 7.5% annually, due to a resilient economy favoring foreign direct investments.
The Lebanese economy is largely service-oriented and the main growth sectors include banking and tourism. The Lebanese private sector is a well-diversified sector that covers the totality of economic sectors and is a major pillar for growth and recovery, contributing around 75% of aggregate demand. The Lebanese economy is also a typical open economy with a large banking sector equivalent to more than 2.5 times its economic sector and providing an important support to aggregate demand.
With a strong market potential and an increased demand for new infrastructure and tourism projects, the country is bursting with opportunities and developments. Lebanon’s diversified geography and attractive investment environment has established the country as the region’s ultimate hot spot for tourism, construction, and development with an impressive number of multi-million projects.
As the main Middle Eastern port on the Mediterranean, Lebanon is also the business gateway to neighboring countries in the Levant to access the rest of the world and interact with professionals across different industries.
● As per the Lebanese General Security regulations, holders of passports with an Israeli stamp are not allowed entry to Lebanon.
● A free one-month valid visa renewable for three months is granted at the airport and the border centers for the citizens of the following countries coming for tourism:
Turkish citizens coming for tourism shall be granted a three months entry visa on all border departments and centers.
This visa can only be renewed one month from its expiry date.
Turkish bus and truck drivers and their assistants in addition to Turkish civil airplanes and ship cabin crew are granted free three months multiple entries, entry visas that can only be renewed one month after their date of expiry.
Concerning the citizens of Thailand, they are not allowed to obtain direct entry visas at border departments and centers, except for:
● Those who are holding diplomatic passports.
● Those who are residing in Syria according to a yearly residence and coming for the purpose of tourism.