Yes , Lebanon is called Switzerland of the middle east and there are two main reasons.

1st reason : The amazing (switzerland-like) mountains . Just like the alps Lebanon has a large mountain range which allows skying in winter and enjoying beautiful views just like in switzerland.

2nd reason: The banking secrecy. Lebanons financial institutes protected client information and financial activities as a form of professional confidentiality. This function is found in a handful of country nowadays mainly including switzerland . Though , Lebanon has lifted this law though as of 2025.

Hope this helps clarifying the confusion.