Commercial agents (distribution on a comission or profit margin basis) is limited to companies majority-owned by Lebanese nationals. See clarification below provided by local law firm:
"[...] Decree-Law 34/67 defines the persons and entities subject to its provisions and provides them with certain legal advantages with respect to the applicable law, and the courts having jurisdiction over the disputes that may arise from the commercial representation agreements.
a- Persons and entities subject to the provisions of Decree-Law 34/67 Article 1 of Decree-law No. 34/67 describes the persons and entities subject to its provisions and divides them into the following two categories:
· The first category is a general category that includes the commercial agents whose regular and independent profession is to engage in negotiations to finalize the sale, purchase, rental or provision of service agreements and, if necessary, accomplish such operations in the name of the producers or merchants and for their account, i.e, all the commercial agents, whether exclusive or not, are included in this category. 
· The second category is more specific. It consists only of the merchants who sell, for their own account, the goods that they purchase by virtue of a contract appointing them as exclusive agents or distributors, i.e, only exclusive distributors are included in this category [...]" (Nasser & Associates Law Office, "Commercial Agency/Distribution Agreements", website>resources>commercial agencies.)
"Subject 1
A commercial representative is an agent who, by virtue of his regular, independent business, without being associated with a service contract, negotiates the sale, purchase, leasing or provision of services and, if necessary, acts on behalf of the producers or traders. It is also considered by virtue of the commercial representative, the merchant who sells his purchases for a contract that includes his sole representative or distributor. 
[A paragraph added to the law implemented by decree No. 9639 dated 6/2/1975] 
From the date of the implementation of this law, and with the preservation of previous acquired rights and taking into account the reciprocity that the non-Lebanese commercial representatives must prove, the commercial representative must be Lebanese and have a business in Lebanon. 
If the commercial representative is a company: 
(A) In partnerships and limited liability companies: The majority of the partners and the majority of the capital shall be Lebanese and the holder of the right to sign them shall be Lebanese. 
(B) In shareholding companies: they shall have nominal shares and the majority of their capital shall be Lebanese. Two-thirds of the members of their board of directors, their general manager or the person appointed by the chairman of the board of directors or the general manager of all its functions or part thereof shall be Lebanese [...]" (Decree-Law No. 34 of August 5, 1967 on Commercial Representation [google translation])
Decree-Law No. 34 of August 5, 1967 on Commercial Representation [google translation]
[<a href="http://www.legallaw.ul.edu.lb/LawView.aspx?opt=view&LawID=203226">Law</a>],[<a href="https://www.nass-law.com/sites/default/files/Commercial%20Agency.pdf">Other</a>]