In a strategic bid to stimulate its struggling economy, Lebanon is exploring the launch of a "golden residency" program designed to attract significant foreign capital. During a recent session of the Parliament’s Finance and Budget Committee, officials outlined a plan that would grant residency to non-resident foreigners and expatriates who invest at least $500,000 into the country. These funds must originate from abroad and can be directed toward local businesses, bank deposits, or real estate acquisitions, provided they adhere to existing ownership regulations and undergo rigorous anti-money laundering compliance checks.

The proposed initiative also extends benefits to the families of investors, who would be subject to an annual fee of $50,000 for tax residency status. Committee chairman MP Ibrahim Kanaan emphasized that this measure is intended to foster job creation, bolster state revenue, and establish a foundation for long-term economic stability. While the proposal is still under review, lawmakers are currently debating potential administrative incentives for Lebanese expatriates. If enacted, the program would likely be overseen by General Security, marking a pivotal step in the government's broader legislative agenda to implement critical financial reforms and improve the nation's fiscal outlook.