On May 14th 2020, the Lebanese Legislator enacted Law No. 163 introducing a highly sophisticated type of commercial entity, the P.I.C. P.I.C stands for Private Investment Company (P.I.C.), it is a new investment vehicle in Lebanon, implemented to promote the establishment of new businesses in the country, by locals or international actors.
Read our article to get an insight on the transparency and the professional management schemes of the P.I.C as well as its risk limitation strategy and tax advantages!