Regulatory Alerts2000-03-04 | 7540Conditions for Establishing and Operating Leasing Companies
The Central Bank of Lebanon issued Basic Decision No. 7540 to establish and regulate the licensing, capitalization, governance, and operational requirements for domestic and foreign financial leasing companies. The decision mandates a minimum capital of two billion Lebanese Lira, requires prior Central Board approval for share transfers exceeding 10% and branch openings, and enforces strict compliance with anti-money laundering laws and beneficial ownership definitions. Furthermore, it imposes detailed annual reporting obligations to the Legal Affairs Department and requires monthly and annual financial statements submitted via compact disc to ensure ongoing regulatory oversight and market stability.
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