Prior to commencing the incorporation process, our Client i) settles Healy Consultants’ engagement fees ii) signs our engagement letter and iii) provides us the requested due diligence documents; Prior to commencing the incorporation process, our Clientsettles Healy Consultants’ engagement feessigns our engagement letter andprovides us the requested due diligence documents;

Healy Consultants drafts a detailed engagement project plan. This plan will map out, week by week, each step to engagement completion, optimizing transparency and setting Client expectations for the duration of the company incorporation engagement;

Next, our Client and Healy Consultants reach an agreement regarding the optimal corporate structure, including shareholders and directors. Healy Consultants will then assist our Client with executing the M&AA before a Public Notary in the district where the company’s office will be located;

All Lebanese companies are required to hold a statutory Board meeting before proceeding further with the engagement. Our Client will henceforth provide the meeting minutes, to be later submitted by Healy Consultants to the company registry later during the company incorporation process;

Healy Consultants’ banking team assists our Clients open a corporate account in Lebanon. Our Client will deposit the requisite share capital of i) US$3,400 when incorporating an LLC or ii) US$20,000 when incorporating a PLC or an offshore company. The bank will then provide Healy Consultants with the certificate of deposit. If required, Healy Consultants will assist our Client activate the internet banking facility;

i) appoint a Lebanese lawyer registered at the ii) pay him retainer fees of at least US$6,000. Healy Consultants will provide our Client with an experienced company attorney, who will be able to support them in all case of litigation in Lebanon; Please note, all entities be it an LLC, PLC or an offshore company with US$34,000 as the share capital, mustappoint a Lebanese lawyer registered at the Beirut Bar Association as company attorney andpay him retainer fees of at least US$6,000. Healy Consultants will provide our Client with an experienced company attorney, who will be able to support them in all case of litigation in Lebanon;

i) the M&AA ii) minutes of the 1st general meeting of the directors iii) bank deposit certificate iv) copies of valid passport for all shareholders and directors and v) a lease agreement or title of ownership for the company premises; Healy Consultants will then register the company with the Lebanese Company Registry and submit all required documents includingthe M&AAminutes of the 1general meeting of the directorsbank deposit certificatecopies of valid passport for all shareholders and directors anda lease agreement or title of ownership for the company premises;

i) notify the ii) obtain VAT and tax identification numbers and iii) register the company’s employees with Social Security; After Lebanon business incorporation, Healy Consultants willnotify the Ministry of Finance of commencement of operationobtain VAT and tax identification numbers andregister the company’s employees with Social Security;

If work permit applications are required for foreign manager and/or employees, Healy Consultants will request due diligence from each candidate and will apply for work permits with the Lebanese Ministry of Labor and National Security Services