Foreign ownership in money exchange institutions is limited to one-third of the equity capital.
"Law 347 of August 6, 2001 - Regulating the Money Changer Profession in Lebanon
Article 1: Institutions other than banks, financial institutions and financial intermediation institutions registered with the Banque du Liban (BDL) are prohibited from undertaking exchange operations before obtaining a license from the Banque du Liban, in accordance with the provisions of this Law.
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Article 2: Exchange institutions may be established in Lebanon in the form of sole proprietorships or companies, provided their activities are restricted to exchange operations.
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Article 4: 1- The shares of an exchange institution established as a joint-stock company must be in a nominal form, with their two thirds at least owned by Lebanese natural persons, or by Lebanese partnerships that consist entirely of Lebanese natural persons, or by Lebanese joint-stock companies with nominal shares, of which two thirds at least are owned by Lebanese natural persons. The by-laws of such exchange institutions must stipulate that the above-mentioned two thirds may be assigned only to Lebanese natural persons. 
2- In an exchange institution established as a partnership, or as a limited liability company, two thirds at least of the partners’ shares must be owned by Lebanese persons, as specified above.
3- Exchange institutions in the form of sole proprietorships can only be established by Lebanese natural persons.
4- Any assignment of shares in an exchange institution must be pre-approved by the Banque du Liban, in accordance with regulations set up by the Banque du Liban for this purpose. [...]" (Law 347 of August 6, 2001 Regulating the Money Changer Profession in Lebanon.)
Law 347 of August 6, 2001 Regulating the Money Changer Profession in Lebanon.
[<a href="http://www.bdl.gov.lb/laws/download/49/en">Law</a>]