Local business incentives
| An Agreement between France and Syria was signed in 1977. It aims at encouraging investments development between the two countries. Syrian authorities increasingly encourage the setting up of foreign investors, especially in the 7 free trade zones. Indeed, any industrial, commercial or service activity is exempt from customs duties (it includes imports and exports) for products re-exported outside Syria. However, as regards to products' marketing in Syria, the regime is restrictive in free trade zones.
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Legal forms of companies
| Form |
Number of partners/shareholders |
Minimum and/or maximum capital |
Liability |
Registration fee |
Release of financial documents |
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Private Limited Company
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Minimum 2.
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No minimum capital.
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e les pin
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Public Limited Company.
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No minimum.
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#S 30.000
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Liability is limited to the amount contributed.
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Limited Partnership.
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No minimum.
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No minimum capital.
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Liability is limited for some partners and unlimited for others.
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Partnership Limited by shares.
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No minimum.
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No minimum capital.
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Liability is limited for some partners and unlimited for others.
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General Partnership.
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Minimum 2.
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No minimum capital.
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Partners' liability is undefinite and joint.
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Registration and licensing procedures
Companies have to deposit a registration request with the Ministry of Economy and Foreign Trade. The company will have to include a copy of the following documents:
-The Memorandum of Association signed by the Board of Directors President.
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Foreign exchange control
Law n?10 does not restrict foreign currencies imports by investors. However, the total imported currencies must be deposited into an account within the Commercial Bank of Syria, as well as 75% of exports incomes. The regime of capital repatriation is more flexible within the framework of law n?10. Finally, foreign investors can transfer profits yearly.
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