Lebanon is preparing to launch a “golden residence permit” program for foreign investors with a minimum investment threshold of $500,000. The initiative is intended to help the country attract capital, create jobs, and support economic recovery following a long-standing financial crisis.
The bill was approved by Lebanon’s parliamentary committee on finance and budget. The bill must now undergo further review and receive parliamentary approval.
Under the initiative, foreign investors will be able to obtain a residence permit in Lebanon provided they invest at least $500,000 in approved economic sectors. This is specifically a residency program, not a direct sale of citizenship or passports.
Lebanon is attempting to join the global competition for wealthy investors, a field in which countries in the Middle East, Europe, and the Caribbean are already actively engaged. Such programs typically offer foreigners the right to reside in exchange for investments in real estate, businesses, funds, government securities, or strategic sectors.
For Lebanon, launching such a program is of particular importance. Since 2019, the country has been experiencing one of the most severe financial and economic crises in its history: the banking system has restricted depositors’ access to their funds, the national currency has sharply depreciated, and public finances remain under pressure.
Under these circumstances, the “golden visa” is viewed as a tool for attracting foreign capital without immediately increasing the debt burden. The potential impact could manifest in investments in real estate, tourism, services, infrastructure, private healthcare, education, and technology projects.
However, this model also carries risks. For Lebanon’s program to be effective, it requires transparent rules for selecting investors, verification of the origin of funds, a clear list of permitted sectors, safeguards against speculative investments, and oversight to ensure that investments actually contribute to the economy rather than merely granting a formal right of residence.
International experience shows that “golden visas” can quickly attract capital, but under conditions of weak regulation, they become a source of reputational, tax, and financial risks. Therefore, for Lebanon, the key issue will not be the launch of the program itself, but the quality of its administration.
If the program is implemented transparently, it could become one of the additional channels for restoring confidence in the Lebanese economy. However, it will not be able to replace comprehensive structural reforms, stabilization of the banking system, and political predictability.
