" Almost in 100% of the cases a person spends 2/3 of his life to earn money. Each chooses its way to achieve this goal. In any case, the individual pays the great efforts by losing health in many cases, having received no affirmation or satisfaction in this life.
Many of the laws in many countries are very abstract and not objective in assessing of the legality of the income of their citizens.
In my personal policy of life and of our banking institution, we see the difference between the earned money and personality of its owner.
If he is guilty of something, or is accused of illegally obtaining the money, we do not in any way associate it with his capital. They will always be protected by our banking institution.
Under any circumstances, even the most unpleasant. You can be sure about that.
We are always on the client’s side and guarantee the maximum bank secrecy!"
September 3, 1956 was enacted the law Lebanese secrecy. This measure resulted in a step
significant for a growing esteem in the Lebanese banking system and encouraged foreign investors to consider Lebanon as a protected place . This law also marked the rise of the Lebanese banking sector by Lebanon become an important economic and currency hub of the Middle East.
Given the relief of this law , later we will highlight its salient features : its substance , its subject , its opposition , its uneven and punishments established in the event of his failure to comply.
A. The substance of banking secrecy
The measure Lebanese secrecy has created the reserve as a convenience for banking institutions, but as a commitment that they must respect, both in favor of the banks, and is even more so for the benefit of the people and those who work around banks. This obligation is established by the author of the law that may extend or decrease its capacity based on the usefulness of the public and, more widely, those making deposits.
This measure ensures to remain anonymous, for a customer can open a deposit account with a code number and you can rent a safe deposit box.
B. Who should be bound by this measure?
1- Each bank operating in Lebanon, whether Lebanese or branch of foreign banks. (Art. 1)
2- Who administers and who is employed at these banks, and anyone who, because of his work, know news about the accounts, the bank's transactions and the correspondence. (Art. 2)
C. The Prohibition
All persons referred to in Article 2, it is prohibited to disclose any information regarding the names of customers, their funds and issues related to any person or authority.
D. Exemptions from the ban
Information regarding the names of customers, their funds and related issues can be revealed in case of:
1- A written authorization from the client in question or its eredi.
2- A person against whom it was declared bankrupt.
3- A legal matter between a bank and its customer.
4- An exchange of news accounts about the heavy debt from banks to guarantee their investments.
5- Non-profit legal actions of the judicial organ demand.
E. Penalties for non-compliance of the measure on banking secrecy
1. The non-observance of banking secrecy is considered an offense punishable under the Criminal Code with a sentence ranging from three months to one year in prison.
2. Who is charged with this violation can not exercise the banker or an employee of a bank. This impediment applies both in cases where the violation has been approved (in this case it is a criminal offense) that in the opposite case (punishment in accordance with common law). And 'immutable and it does not cease in case of acquittal or expires after a certain period.
The protection and bank secrecy for confidentiality shareholders in Beirut, Lebanon.
For a long time the major owner of capital from around the world has been interested in U.A.E. banks. The world rings with their impeccable reputation of banking secrecy. The great respect of human rights around the investment anonymity is ensured by the great culture and respect for religion by the citizens U.A.E.
It is necessary to ensure the banking capabilities to customers of Banks in Lebanon
Finance Bank is one of the few banks in U.A.E. posing with satisfaction the opening of remote accounts. This will expand the customer's contribution from other continents and states of the third world who need reliable banking services.
In the background of the municipalities, so far, the banking jurisdictions of Switzerland, Austria and Liechtenstein, have long suffered great pressure from some states and by the authorities that must regulate the system of Lebanese banks is different and better. The same is true for the confidential information of the shareholders of the Lebanese society.
Beirut and other Emirates in Lebanon shall not propose a harmful tax practice - the diversity of tax arrangements for normal companies residing and working in the country, and companies with special tax regime, which carry out their activities exclusively in foreign territory. There is no taxation for many activities in Lebanon, regardless of the type of activity performed by the company in the country or abroad. This is the reason why Lebanon is not subject to pressures and critical to put in place a special tax regime for those companies who do the work abroad or who have income only from abroad.
Lebanon's main characteristics, in terms of the confidentiality of information accommodation:
In Lebanon, the owners of the companies are not public and can not be disclosed.
Lebanon does not want any news of the shareholders of the companies must be listed in a Register of Companies to which the public has access.
In Lebanon there is no need that companies registered in the Register of Companies publish the central budgets.
Lebanon does not ask for any news of the beneficiary of the company that does not reside in Lebanon but that makes all transactions.
Lebanon do not support any illegal evasion of taxation of income from abroad, because there are no taxes on nearly all businesses, and for most types of income both in the state and beyond.
Lebanon does not adhere to the agreements for the automatic exchange of information between states.
That which shows the recognition of this situation from the other states, with the last legal tax and definitely not on nearly all activities in Lebanon, is the availability of a wide network of double taxation agreements, which is a 'unique experience in itself.
The states signatories to the treaties of double taxation with Lebanon are those that follow:
Austria, Azerbaijan, Bangladesh, Belarus, Belgium, Bulgaria, Bosnia-Herzegovina, Brazil, Venezuela, Vietnam, Germany, Holland, Hong Kong, Georgia, Greece, Egypt, India, Indonesia, Italy, Spain, Yemen, Jordan, Canada, Cyprus , China, Colombia, Korea, Lebanon, Libya, Luxembourg, Malaysia, Malta, Morocco, Mauritius, Mongolia, Mozambique, New Zealand, Pakistan, Poland, Romania, Seychelles, Singapore, Syria, Sudan, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, Uzbekistan, Finland, France, Czech Republic, Chile, Switzerland, Sri Lanka, South Korea and Japan.
From what was identified by experts of the Tax Justice Network and Financial Secrecy Index, Lebanon has been considered one of the safest countries in the world with regard to confidentiality. We can say that Lebanon is the Persian Gulf Switzerland with efficient banking system and high degree of confidentiality.
Finance Bank gives ensures the best offshore proposals for Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales, Trading and Investment Banking.
The Bank is authorized in Lebanon in 2011.
The Bank works on-line around the world, including the entire area of Lebanon, Lebanon and China. An account you can sign up on-line without having to physically present the citizen of every state in the world. Finance Bank carries out its activities thanks to some trust companies which carry out the transactions. The regulation allows the trustee to give satisfaction to the demands of the most demanding customers. The method to obtain the funds on the customer's account is unusual and this ensures total privacy. Finance Bank is able to receive any money from around the world. By working together with the customer, and being able to carry out a control differently from other banking institutions. The presence of great lawyers allows to implement plans and ensure the success of every customer transaction.
Thanks to this way of proceeding of the Bank, it is possible to ensure our customers more and more confidence. Depending on the Central Bank of the Comoros, and acting in other states, specifically in Lebanon, they avoid the tough controls that now often take place in recent times. Our CEOs presidents have awareness of Mwali government and its president, there will be more and more meeting to ensure that you always determine the best conditions for our customers. It 'important to us.
Thanks to the great cooperation with the leading banks in the world we can have installed by the client transfers for our correspondent accounts in Europe, America, Asia and Africa. It should be noted that all investments of our customers are our internal accounts in U.A.E. (Beirut).
Some brief details of the reason why decide to lean on our bank to carry out your financial affairs both corporate and personal way:
1. We are the most protected from competent parties with regard to banking secrecy rules.
2. Our team consists of people from different countries, enabling us to satisfy the most simpegnative demands of customers from all over the world.
3. The account is opened online. We do not need the personal presence of the client in the offices.
4. The account opening time is only 5 working days.
5. It will handle any amount both incoming and outgoing.
6. The outgoing transfers take place in Express mode - 1 business day.
7. We are attentive to the bureaucracy when opening an account while it is easy to get inbound transfers and sending wire transfers output.
8. The bank is our young and we are forming in the best way our employees and our package gives customers the most efficient banking services.
9. They can open a company bank account registered in any country of the world.
10. For us ensure the privacy of our customers is a vital task. We conduct our activities for you.
11. The share capital of the Bank as at December 2013 was $ 650 million. All deposits in current accounts and deposits are insured by the official contract with a deposit between Finance and the State Bank of up to $ 750,000.
Outgoing payments are made exclusively in Express mode in 1 business day.
Despite being young activity, our offshore bank has now had a higher score for financial transactions of elites throughout Lebanon and the United Kingdom.
The correct combination between legality and guarantee the privacy of customers has led the Bank on top of the financial standings.
The experience of its founders, CEO and President of lawyers is to have created the perfect legal system and at the same time it has reduced to a minimum the bureaucratic process for opening accounts.
An articulated fiduciary system with which the Bank operates, supports customers worldwide to manage large amounts of transfers.
Our motto is - the money that is on the client's account is the client's money, you can not take possession of it!
In all circumstances, even the most unpleasant and in case of trouble with the law, we invest money to customers and help them to look after their interests.
There is a reason why our bank has been named as the best in the open sea on financial advice for workers in Belize.
Finance Bank is the primary headquarters in Beirut and the banking system of trust in various regions of the other states of the world, which help our customers around the world in their financial assets.
The bank has over 170 financial agents; 4 branches, two banking centers, and seven offices in eight regional markets
Finance Bank wants to have a leading position in the increase and progress of the region, its countries and its people. As a commitment to its corporate social agenda, finance Bank supports many organizations at national, regional and local. The bank strives to work together with the communities of the two countries in which it operates. Through the International Foundation U.A.E, Finance Bank donates 1% of its revenues to the cause of the community partnership every year.
The Beirut International bank has acquired a number of parameters necessary to the security of our customers. With the use of advanced technological procedures in the field very much in keeping human verification, Finance Bank providing crystal clear and certain banking environment.