Who really owns the right to income? And are they declaring it? These are the obvious two questions that tax authorities around the world want to ask. And a third question is, are intermediary entities within a group structure entitled to be separately treated as if they own the income rather than the ultimate beneficial […]

Lebanese venture capital fund, Berytech and NGO Michel Issa Foundation for Local Development (MIF) have signed a Memorandum of Understanding for the establishment of a business innovation center in Amchit, Jbeil District of Mount Lebanon Governorate. This will be the first innovation center of its kind outside of Beirut. The new business center aims to […]

According to Iran’s oil ministry, a contract has been signed between France’s Total and Iran for development of the South Pars Gas Field on Monday. An unnamed official from the Iran’s oil ministry said that the international contract to develop the phase 11 of South Pars Gas Field in the framework of IPC (Iranian Petroleum […]

Why should foreign companies consider investing in Lebanon? Lebanon has a lot to offer to foreign investors on numerous diverse fields. Strategic Location – Business Hub Lebanon – officially known as the Lebanese Republic –  is a small sovereign state in Western Asia. It is strategically located at the crossroads of Europe, Asia and Africa. […]

In light of Iran’s efforts and progress in developing compliance and AML measures, the Financial Action Task Force (FATF) extended the suspension of Iran restrictions. The decision was taken during the FATF meeting in Spain. EU members and many other countries have appreciated the progress of Iran in anti-money laundering activities, despite the White House […]

Cobalt Air will start flying weekly from Larnaca to Tehran and back to Larnaca from 13 July 2017, every Thursday. From 07 August 2017 Cobalt Air it will increase Larnaca-Tehran flights to 2 flights per week, Monday and Thursday. This will help both countries for development of their business ties. Also, business relations between investors […]