Moving To Lebanon

Cost Of Moving To Lebanon

The cost associated with moving Lebanon will vary from person to person because of the difference in necessities and luxuries of people. A luxury for someone might be the necessity of another. Therefore, it becomes difficult to estimate the exact cost of living. However, here is a general listing of the costs that will help you to calculate your expenditures.

The average cost of moving to Lebanon can be around $2,000-$12,000. This cost depends on the factors such as the size of the move, application processing fee, total distance, route, settlement funds, transportation mode, current market trends, legal fees, packing & unpacking, shipping & handling, and moving insurance fees.

One might find the cost of housing in Lebanon a little expensive compared to the other Middle-East cities. The average cost of renting an apartment in Lebanon is $865. The cost varies depending on the location, size, and quality. Also, renting in the city or near the city is more expensive than renting in rural areas and villages.

From the availability of a wide range of housing options, choosing the best depends on several factors. These factors can be your preferred locality, your budget, your preferred type of accommodation, facilities & amenities you demand, storage in Lebanon, and the accessibility of transportation. The transportation cost in Lebanon is quite expensive due to the limited means of public transport. The use of personal vehicles increases the cost of living.

ISS Relocations is a moving company in Lebanon and helps you with your housing needs and requirements. Contact us in case of any query.

Housing & Storage In Lebanon

HealthCare System In Lebanon

Once you choose to relocate to Lebanon, it becomes essential to assess the healthcare system in Lebanon. According to the World Health Organisation, Lebanon is ranked 91 in the healthcare system in the world. The standard of healthcare facilities in Lebanon is reasonably good.

Lebanon Healthcare System is dominated by the private sector and equips a network of 134 private and 28 public hospitals. There are over 950 Primary HealthCare centers and dispensaries in Lebanon, dispersed across all 6 Governorates of Lebanon. Almost two-thirds of these are owned and managed by NGOs.

The doctors and nurses working in these hospitals are well-trained. There is also a government-funded health care system called the National Social Security Fund – NSSF. It provides insurance funds for medical treatments. Private hospitals have invested in sophisticated medical technology, such as MRI machines, OECD median, CT scanners, and more, to provide effective healthcare solutions.

Taxation In Lebanon

Lebanon follows a territorial taxation concept and offers competitive income tax rates regionally and internationally. This taxation system makes Lebanon’s business environment attractive and competitive.

1. Taxation of Personal Income
   Under the territorial taxation concept, taxes are due on salaries only in the following cases:
   • The beneficiary of the salary received is resident in Lebanon, regardless of the fund source.
   • The services that generate income are executed on Lebanese territory or contribute to the welfare of a company located in Lebanon, regardless of the fund source.
   • The fund’s source is within Lebanon, regardless of where the beneficiary resides or where the work was construed.

   Personal Income Tax in Lebanon is imposed on wages and salaries at a progressive rate and these rates vary from 2% and 25%. In the case of payment of retirement pensions and other benefits, these rates are reduced to half.

2. Taxation of Corporate Income
   According to the Lebanon Corporate Income Tax regime, tax is imposed depending on the type of income. Here, corporate tax is divided into the following three categories:
   • Chapter I: Tax on profits that arise from industrial, commercial, and non-commercial professions.
   • Chapter II: Tax on income from salaries, wages, and pension salaries.
   • Chapter III: Tax on revenues arising from moveable capital.

   The various corporate tax rates are:

   • 17% Corporate Income Tax Rate
   • 15% Capital Gains on Fixed Assets Disposal
   • 10% Dividend Distribution on Withholding Tax
   • 7.5% Non-Resident Withholding Tax on services and 2.25% on goods
   • 2% to 25% Payroll Tax

Education In Lebanon

Lebanon has one of the highest literacy rates in the world with an overall 99.09% youth literacy rate. Lebanon follows three major and compulsory phases of education: primary, middle, and secondary. After this, if students with technical baccalaureates desire to study further, they go to technical or vocational institutes. Later, it follows Tertiary Education, where students go to universities, university colleges, and university institutes.

All the public schools and universities in Lebanon are free of charge. Education System here is well developed and accessible to the entire population. They follow advanced teaching structures and have highly qualified and trained teachers to deliver quality education.

Work Market In Lebanon

NGOs and Diplomatic Arenas in Lebanon provide the highest employment opportunity to expats worldwide. The major employment industries for expat workers here include construction, architecture, engineering, and tourism.

Also, Lebanon has labor laws protecting the rights of employees and workers working there.