Currency: Lebanese pound (Oyster chooses to pay salaries in USD due to the ongoing economic crisis and multiple exchange rates)
Public Holidays: up to 20 public holidays (see here)
Employer Taxes: 22.5% of gross salary with caps and exceptions, refer to the bottom of the page under Taxes In Lebanon → Employers
Official Language: Arabic
Payroll frequency: Monthly
Written notice must be provided for terminations except in cases of contract violation. The notice period for dismissals and resignation depends on the employee's length of service with the employer:
In lieu of letting employees serve out their notice period, employers can also choose to pay them compensation equal to the wages that would have been earned during the notice period.
The employer and employee can terminate the employment contract at any time by mutual consent, as long as the employee's consent is expressed in writing.
Employees are entitled to severance pay in case of unfair or abusive termination, the amount of which can be equal to between 2 and 12 months' wages. The assessment of severance pay should take into consideration:
LBP 675,000 per month (~$500 USD per month)
The validity of non-compete agreements in Lebanon depends on the legitimacy of their provisions. They must be clearly stated, and limited in their duration and geographical scope.