Finance Bank in Beirut - any experience?

[EdwardW]

Hi All,

Anyone have experiences with Finance Bank in Beirut, Lebanon?
They claim to provide secrecy and not being member of the OECD or FATCA.

Thanks!

 

[Milky Moon]

Global Forum on Transparency and Exchange of Information for Tax Purposes - Organisation for Economic Co-operation and Development

 

[diablo]

The Convention is the most powerful instrument for international tax cooperation. It provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.

So it's a no go for sure I guess it was a requirements from the rest of the world that they have been forced to comply to the reporting.

 

[EdwardW]

Global Forum on Transparency and Exchange of Information for Tax Purposes - Organisation for Economic Co-operation and Development

Thanks - very helpful

 

[Milky Moon]

Besides, if you want to bank in Lebanon, use Blom Bank, Bank Audi or Credit Lebanais (lowest deposit).