idal company profile 2012
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HEADLINES1. ABOUT US
2. OUR CONSULTANCY SERVICES
3. TARGETED SECTORS
4. OUR INCENTIVES
5.OUR ACHIEVEMENTS
6. LEBANON AT A GLANCE
7. CONTACT US
IDAL | 2012
IDAL | 2012
ABOUT IDAL
ESTABLISHED IN 1994 with the aim of promoting Lebanon as a key investment destination, and attracting, facilitating and retaining investments in the country
GOVERNANCEIDAL reports to the President of the Council of Ministers who exercises a tutorial authority over it. It has financial and administrative autonomy
INVESTMENT LAW NO.360 was enacted in 2001 regulating investment activities in Lebanon IDAL is tasked with 2 Mandates:
– Investment Promotion. IDAL is an investment promotion agency which provides investors with a range of incentives and business support services
– Export Promotion. IDAL is also entrusted with the active promotion and marketing of Lebanese exports including agricultural and agro-industrial products.
THEINVESTMENT
DEVELOPMENTAUTHORITY
OF LEBANON(IDAL)
THE NATIONAL INVESTMENTPROMOTION AGENCY OF LEBANON
1
IDAL | 2012
INVESTMENT PROMOTION
• Provide economic, commercial and legal information of relevance to investors
• Identifies business opportunities across various economic sectors
• Provide in depth analysis of sectors
• Grant fiscal exemptions and fees reduction to investment projects
• Facilitate issuance of permits and licenses
• Provide on-going support for investment projects
• Actively promotes Lebanon as key investment destination
EXPORT PROMOTION
• Provide data on external markets
• Support companies in selected sectors in accessing external markets
• Provide promotional materials
• Subsidize participation in foreign fairs
• IDAL currently has in place 2 export promotion programs:
Agri Plus (2012): Which provides subsidies and support to exporters of agricultural products
AGRO MAP (2004): Which subsidizes the participation of agro food companies in foreign fairs licenses
OUR MANDATES 2
OUR STRUCTURE 3
EXECUTIVE MANAGEMENTCHAIRMAN AND GENERAL MANAGER
STUDIES,PLANNING,
AND STATISTICSDIRECTORATE
Studies, StrategicPlanning & Follow-up
Marketing & Promotion
Licenses & Incentives
Financial Affairs
Statistics & DataMedia
& CommunicationPost Investment
ServicesLegal Affairs
Programs Implementation
Admin & HumanResources Affairs
Secretariat
Information Technology
INFORMATIONAND PROMOTION
DIRECTORATE
ONE-STOP-SHOPDIRECTORATE (OSS)
FINANCE ANDADMINSTRATIVE
AFFAIRS DIRECTORATE
BOARD OFDIRECTORS
IDAL | 2012
HEADLINES1. ABOUT US
2. OUR CONSULTANCY SERVICES
3. TARGETED SECTORS
4. OUR INCENTIVES
5. OUR ACHIEVEMENTS
6. LEBANON AT A GLANCE
7. CONTACT US
IDAL | 2012
IDAL | 2012
OURCONSULTANCY
SERVICESINVESTOR
Market Intelligence
Facilitatesissuance ofprocedures
BusinessMatchmaking
1
IDAL SERVES AS A CONSULTANT TO THE INVESTING COMPANY, WITH EXPERTISE ON THE LOCAL
AND REGIONAL MARKET
2 OUR CONSULTANCY SERVICES
IDAL | 2012
Provision of market intelligence (by sector and topic)
Introduction to potential partners and suppliers
Advising on the financing of the project (including incentives)
Matching with potential investors/entrepreneurs
Assistance in applying for incentives
Assistance in coordinating with licensing authorities to facilitate the issuance of licenses and permits (to set-up and operate a business)
IDAL | 2012
3 OUR CONSULTANCY SERVICES
* PCM: Presidency of the Council of Ministers
STEPS:
WE CAN PROVIDE YOU WITH A FULL RANGE OF CONSULTANCY SERVICES FOR YOUR INVESTMENT PROJECT
RELEVANT DIRECTORATES AT IDAL:
Strategy Evaluation Decision and Investment
Discussion ofproject location,and incentiveschemes
MarketIntelligenceProvision
Meeting withIDAL Legal Advisor andfinancial partners
IncentivesApplication/Evaluationof ProjectFeasibility
Follow upwith PCM*for projectapproval
Follow upon permitsissuance
IDAL SectorExperts
IDAL Chairmanand OSS
IDAL Chairmanand OSS
Financial Institutions
IDAL OSS ChairmanIDAL and
Concerned Authorities
HEADLINES1. ABOUT US
2. OUR CONSULTANCY SERVICES
3. TARGETED SECTORS
4. OUR INCENTIVES
5. OUR ACHIEVEMENTS
6. LEBANON AT A GLANCE
7. CONTACT US
IDAL | 2012
IDAL | 2012
EIGHTSECTORS
ARE ELIGIBLEFOR OUR
INCENTIVESIDAL PROVIDES INCENTIVES TO EIGHT SECTORS WITH GROWTH POTENTIAL AND READINESS FOR
DEVELOPMENT
Selected on their readiness & potential for developmentThese sectors were included in Law 360 in 2001
TECHNOLOGY
TELECOM
TOURISM
INFORMATIONTECHNOLOGY
FOOD ANDBEVERAGES
AGRICULTURE
INDUSTRY
MEDIA
1
IDAL | 2012
TOURISM
INFORMATIONTECHNOLOGY
FOOD ANDBEVERAGES
INDUSTRY
2TARGETED SECTORS
- Machinery & Equipment- Rubber, Plastics, Non-Metallic Mineral Products, Metals - Chemicals & Pharmaceuticals - Furniture - Textiles and Paper Products
- Packaging centers- Manufacturing plants- Bottling facilities
- Software development- Web solutions- Database and Desktop applications- Mobile applications- E services- Cloud OS
- Hotels- Leisure Facilities - Healthcare Tourism- Cultural & Religious- Business Conferences
3TARGETED SECTORS
AGRICULTURE
- ICT manufacturing- Electronics- Semiconductors- Medical Technologies- Clean Technologies- Research and Development
- Packaging Centers- Production Facilities
TECHNOLOGY
- Advertising - TV Production - Digital Media - Production Houses
- Telecom Services- Network Solutions- Call Centers
MEDIA
TELECOM
IDAL | 2012
4INVESTOR
CONSULTANCYSERVICES
WITHSECTOR
EXPERTISE
INVESTOR SUPPORT SERVICES
SECTOR TEAMS
Market Intelligence InformationEconomic, commercial and legal information Participating in meetings with potential investors.
Financing & IncentivesSupport in finding financial partnersfor the investment project Support in incentives application
Promoting Lebanon as aninvestment locationIdentification of attractive industriesand projects for investors
Food & BeverageIndustryTechnology
AgricultureMediaInformation Technology
Tourism
OUR INVESTOR SUPPORT SERVICES TEAM ADVISES ON MARKET INTELLIGENCE AND
INVESTMENT INCENTIVES.
IDAL | 2012
HEADLINES1. ABOUT US
2. OUR CONSULTANCY SERVICES
3. TARGETED SECTORS
4. OUR INCENTIVES
5. OUR ACHIEVEMENTS
6. LEBANON AT A GLANCE
7. CONTACT US
IDAL | 2012
1OUR INCENTIVES
1- REGION & SECTOR BASED INCENTIVE 2- JOB CREATION BASED INCENTIVE
• Also called Investment Projects by Zone (IPZ) incentives
• Provided to projects based on: (1) Geographical location across 3 Zones: A, B, C (2) Investment size (3) Sector
Incentives Provided
• Up to 100% tax exemptions for 10 years for projects located in remote areas (Zone C)
• Work Permits granted
• Also called Package Deal Contract (PDC) incentives
• Provided to projects based on: (1) Investment size (2) Number of jobs created (3) Sector
Incentives Provided
• 100% exemption of Income Tax• 100 % exemptions on Taxes on Project Dividends for up to ten years• Up to a 50% reduction on Work and Residence Permit Fees• Up to a 50% reduction on Construction Permit Fees• Full exemption from Land Registration Fees
TWO TYPES OF INCENTIVE SCHEMES
IDAL | 2012
A- REGION AND SECTOR BASED INCENTIVE
• Also called Package Deal Contract (PDC) incentives
• Provided to projects based on: (1) Investment size (2) Number of jobs created (3) Sector
Incentives Provided
• 100% exemption of Income Tax• 100 % exemptions on Taxes on Project Dividends for up to ten years• Up to a 50% reduction on Work and Residence Permit Fees• Up to a 50% reduction on Construction Permit Fees• Full exemption from Land Registration Fees
Beirut
ZONE B
Sectors Minimum Inv.Size US$
Tourism 4,000,000
Industry 3,000,000
Agro-Industry 1,500,000
Agriculture 1,000,000
Technology, ICTand Media
200,000
100% income tax exemption for 2 years*+ work permits granted
Sectors Minimum Inv.Size US$
Tourism 1,000,000
Industry 1,000,000
Agro-Industry 1,000,000
Agriculture 500,000
Technology, ICTand Media
200,000
ZONE C100% income tax exemption for 10 years+ work permits granted
Sectors Minimum Inv.Size US$
Tourism 10,000,000
Industry 5,000,000
Agro-Industry 2,000,000
Agriculture 1,500,000
Technology, ICTand Media
200,000
ZONE A50% income tax exemption for 5 years+ work permits granted
* Provided that 40% of stocks are listed on Beirut Stock Exchange
IDAL | 2012
2
B- JOB CREATION & SECTOR BASED INCENTIVE
IDAL | 2012
3
Sectors Minimum Inv.Size US$
Tourism 15,000,000
Industry 10,000,000
Agro-Industry 3,000,000
Agriculture 2,000,000
Technology, ICTand Media
200,000
200
100
60
50
25
MinimumJob Creation
B- JOB CREATION & SECTOR BASED INCENTIVE 4
IDAL | 2012
50%up to
Reduction on Workand Residence Permits
100%Exemption on IncomeTax for up to 10 years
100%Exemption on Taxes on ProjectDividends for up to 10 years
Land Registration Fees50%up to
Reduction on ConstructionPermit Fees
categories
Obtaining WorkPermits of
ZERO
ALL
HEADLINES1. ABOUT US
2. OUR CONSULTANCY SERVICES
3. TARGETED SECTORS
4. OUR INCENTIVES
5. OUR ACHIEVEMENTS
6. LEBANON AT A GLANCE
7. CONTACT US
IDAL | 2012
1
IDAL | 2012
IDAL HAS PLAYED A ROLE IN CHANNELING INVESTMENTS, MEDIATING AROUND 42 INVESTMENTS WORTH USD 1.5 BILLION SINCE 2003, WITH THE TOURISM SECTOR ATTRACTING A LION SHARE (35%) OF INVESTMENTS
OUR ACHIEVEMENTS
Investments Attracted Through IDALin million $(2003-2012)
TourismIndustry
TechnologyAgro-Industry
ITMedia
AgricultureTelecom-
munications
Total: USD 1,520,827,114
Distribution of Projects by Sectors (%)
(2003-2012)
Total: 42Note: Technology products include projects which make use of new technology and they include projects in pharmaceuticals industry,bio medicals and electronics
Note:Only 50% of these projects areoperational. The remaining are inconstruction phase
80.0%14.0%
1.6%1.6%
1.1%0.9%0.7%0.1%
1,216212.5
23.923.616.813.911.22.2
Tourism35.7%
Industry31.0%
Agro-Industry9.5%
Technology7.1%
IT7.1%
Media4.8%
Telecommunications2.4%
Agriculture2.4%
2
IDAL | 2012
OUR ACHIEVEMENTS
ON AVERAGE, IDAL MEDIATES AROUND 5 INVESTMENT PROJECTS PER YEAR, WITH THE NUMBER VERY MUCH DEPENDING ON THE POLITICAL CLIMATE.5,400 HAVE BEEN CREATED SO FAR BY IDAL SINCE 2003
Number of Projects Attracted Through IDAL
(2003-2012)
Total Jobs Created by IDAL
(2003-2012)
2012201120102009200820072006200520042003
Median = 4
5
3
44
12
65
57
Total: 42
Industry16.6%
Agro-Industry8.9%
Technology6.1%
IT1.6%
Media0.9%
Telecommunications4.1%
Tourism61.1%
Agriculture0.7%
3
IDAL | 2012
OUR ACHIEVEMENTS
COMMENTS
THE MAJORITY OF INVESTMENTS WERE FROM LEBANESE INVESTORS, WITH 6 FOREIGN AND 10 MIXED COMPANIES BENEFITING FROM IDAL’S INCENTIVES
Origin of Companies Benefiting from IDAL’s Incentives (%)
(2003-2012)
Domestic60%
Mixed25%
Foreign15%
Include Lebanese and foreign investors
Majority GreenfieldInvestments
IDAL has mostly attracted domestic companies and not foreign companies
Foreign companies benefiting from IDAL incentives include:
1 Swedish company: Ericsson with an investment of USD 1.3 million and generating 300 jobs
2 UAE companies: Habtoor Grand Hotel and Metropolitan City Center: Investment of USD 110 million and 472 jobs created
2 Kuwaiti companies: The Landmark Hotel and NPPC Fresh Produce Factory in the Agriculture sector: Investments of USD 135 million and 291 jobs created
4
IDAL | 2012
Distribution of Projects Mediated by IDAL by Muhafaza (%)
Distribution of Projects Mediated by IDAL by Muhafaza
in 2011(2003-2012)
Beirut35.7%
Mount Lebanon38.1%
South Lebanon2.4%
Bekaa14.3%
North Lebanon9.5%
OUR ACHIEVEMENTS
THE MAJORITY OF PROJECTS ARE LOCATED IN BEIRUT AND MOUNT LEBANON
HEADLINES1. ABOUT US
2. OUR CONSULTANCY SERVICES
3. TARGETED SECTORS
4. OUR INCENTIVES
5. OUR ACHIEVEMENTS
6. LEBANON AT A GLANCE
7. CONTACT US
IDAL | 2012
ATTRACTIVE BUSINESS LOCATIONWITH ACCESS TO THE MENA REGION
RICHHISTORY AND CULTURE
STRATEGICLOCATION
1
IDAL | 2012
IDAL | 2012
COST-COMPETITIVE ENVIRONMENT 3
MARKET ECONOMYFREE
TAXATION AND FISCAL INCENTIVESFAVORABLE
IDAL | 2012
DYNAMIC WORKFORCE 4
COMPETENTHUMAN CAPITAL AND LOW LABOR COST
NON-DISCRIMINATORY LEGAL FRAMEWORK
HEADLINES1. ABOUT US
2. OUR CONSULTANCY SERVICES
3. TARGETED SECTORS
4. OUR INCENTIVES
5. OUR ACHIEVEMENTS
6. LEBANON AT A GLANCE
7. CONTACT US
IDAL | 2012
CONTACTUS
INVESTMENT DEVELOPMENTAUTHORITY OF LEBANON
Lazarieh Tower, 4th Floor,Emir Bechir Street, Riad El-SolhP.O.Box: 113-7251Beirut, Lebanonwww.idal.com.lb
T + 961 (1) 983306/7/8 F + 961 (1) 983302/3
invest@idal.com.lb
@Invest_Lebanon
/investmentdevelopmentauthorityoflebanon
/InvestInLebanon
IDAL | 2012
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