Hire your remote team in Lebanon

Name: Hire a remote team in Lebanon
Brand: Rivermate
SKU: lebanon
Price: 399 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 399 EUR per employee per month

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Hiring a remote team in a country as Lebanon comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Lebanon. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Lebanon with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Lebanon, particularly if you don't have established local relationships. You can hire employees in Lebanon effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Lebanon.

As an employer of record, we help you hire employees and run payroll services in Lebanon, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Lebanon.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Lebanon or individually hire remote employees in Lebanon, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Lebanon services can best help your company!

3. Hire a remote team in Lebanon

Lebanon is a tiny Middle Eastern nation that is progressively modernizing and striving towards an upper-middle-income economy, with a diversified history of commerce dating back to Phoenician times. Because of its turbulent political past, the nation is still struggling with economic stability and indebtedness. The service sector dominates the economy, employing around 64.31% of the workforce. Lebanon's infrastructure development and social stability are constantly prioritized. It has increased its investment in city planners, designers, and architects in order to boost infrastructure expansion and raise general living standards.

Despite its small size, Lebanon provides some intriguing and unique market potential for the United States and other first-world nations because Lebanese customers value high-end fashion brands and good living standards. As a developing nation, its people represents a market of prospective customers eager to embrace and experiment with global brands and living standards. The finest aspect of Lebanon's economy that makes it excellent for international investments and corporate development is its laissez-faire policy. This policy has aided in the implementation of minimal, and sometimes insignificant, economic interventions such as subsidies or regulation laws for private individuals.

4. Cost of living in Lebanon

Lebanon's cost of living is $1254, which is 1.34 times more than the global average. Lebanon rated 37th out of 197 nations in terms of cost of living and 82nd in terms of quality of life.

In Lebanon, the average wage after taxes is $674, which is enough to meet living costs for 0.5 months.

5. Cost of renting in Lebanon

When it comes to migrating to Lebanon, it is rather pricey. Although the cost varies depending on the city, Beirut is the most costly of them. In general, living expenditures in Lebanon are somewhat expensive.

The cost of living in Lebanon varies based on the size of the home and its location. A one-bedroom apartment costs roughly $880, while a three-bedroom unit costs around $1812. This may change based on the quality of living and the amenities provided.

6. Major industries in Lebanon

One of the economic sectors that contributes significantly to GDP growth and general economic stability is the manufacture of metal goods, transportation equipment, banking, and agriculture. Expats looking for work in Lebanon can discover some fantastic chances in the following industries:

- Banking is one of Lebanon's most successful businesses, accounting for around 8% of the country's total GDP development. The nation has around 63 large banks that carry out trade finance, project financing, and private banking. Lebanon's strong banking system has unquestionably made it one of the most favored recipients of other nations and investments. The government need skilled and qualified personnel to fill numerous job descriptions in order to keep the banking industry running smoothly.

- Another important business is tourism, which contributes for around 10% of the nation's GDP growth and is one of Lebanon's most productive industries. It is one of the most frequented tourist places in the globe due to the feeling of exotica associated with the location. Its unique cultural legacy, famous architectural landmarks, affordability, and gaming venues are important factors driving this increase in tourism. Global hospitality collaborations may discover significant development prospects here.

- Agriculture is another important economic sector. The agriculture industry employs about half of Lebanon's workers and provides for around 15% of the country's GDP growth. To meet worldwide standards and domestic services, the agriculture business need a modern and scientific process. To compete with international agricultural systems, the government need highly skilled experts and capital.

7. Hiring cost in Lebanon

In comparison to other Middle Eastern countries, Lebanon has a simple employment procedure. The following are the political and cultural factors that influence the hiring process:

- Hiring and recruiting expenses

- Labor Law Compliance Expenses

- Tax rates and administrative fees

- Costs of training and orientation

8. Employment laws Lebanon

Lebanon Labour Law regulates the following aspects:

- The statutory minimum wage in Lebanon is equal to LBP 675,000 (approximately $450), as determined by Decree 7426/2012.

- The employees are granted weekly rest of not less than 36 hours.

- Employees cannot be terminated during the annual leave.

- Occupational emergencies and injuries law state that all the sickness contracted, but the employer will compensate the employees.

- Protection of employees based on gender.

- Employment of juveniles is prohibited and allowed under special protection laws.

- The option of unilateral termination of the contract in case of any harassment cases.

9. Top skills Lebanon

Lebanon's free-market economy has no restrictions on commerce or commercial transactions. Capital, products, and services are freely flowing in. Some of the most in-demand talents in Lebanon include:

- Skilled Agricultural and fisheries workers

- Sales workers

- Technicians

- IT professionals

- Banking

- Hospitality (Travel agents, Chefs)

- Clerical support workers

Every city provides passionate job searchers with several options. Each city may specialize in a distinct industry.

- Beirut is Lebanon's biggest city and the country's capital. Because of its numerous banks and companies, the city is vital to Lebanon's economy. The city's two primary industries are banking and tourism. Trade, publishing, and other businesses are also included. The tourist industry is the city's primary source of income. The average yearly wage in this city is roughly US $39,870.

- Tripoli is the country's second-largest city. Commerce, agriculture, the soap business, and the Arabic sweets industry are the primary industries. The yearly wage here is roughly $21,787 USD.

- Sidon is a metropolitan city and the country's third biggest. Telecommunications and education are two of the city's primary sectors. The average yearly wage in this city is roughly $15,500 USD.

10. Economic landscape in Lebanon

The government intervenes little in overseas commerce, allowing for the free flow and movement of money, remittances, and dividends across borders. Because Lebanon is a free market, numerous multinational corporations may experiment and increase their market presence there. Its economy is heavily dollarized, with an average exchange rate of 1,507.5 Lebanese pounds to 1 US dollar. The country's highly developed banking industry makes it an essential component of the international financial system. Because of the aspirational populace, which appreciates high quality items at reasonable rates, expats intending to migrate or multinational businesses trying to extend their markets in Lebanon may discover some significant growth potential.

11. Market size in Lebanon

Because Lebanon's free-market economic approach imposes no limits, total exports and imports offer the nation with enormous economic gains. In 2018, its total imports amounted to around US $19.98 billion. The banking industry is predicted to develop rapidly. Pharmaceutical companies are anticipated to suffer losses as a result of the country's reliance on drug imports. The gasoline crisis is expected to widen Lebanon's trade imbalance, forcing the nation to devise new methods to address it.

12. Minimum wage in Lebanon

Lebanon's minimum wage is 30,000 Lebanese pounds (LBP) per day, or 675,000 LBP per month. However, this wage was last changed in 2012, and it is possible that it will change again in the coming years. While this is the minimum wage, keep in mind that certain positions or industries may require a higher wage.

13.Why choose Rivermate to hire your remote team in Lebanon?

Establishing an entity in Lebanon to hire a team takes time, money, and effort. The labor law in Lebanon has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Lebanon simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Lebanon give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Lebanon via our Employer of Record (EOR) / PEO solution.