Investment Incentives in Syria
Incentives or guarantees
- Forms of Aid
- The European Union and Syria have started an agreement in 2004 under the aegis of the Euromed program. This agreement should create a free-trade zone for a period of 12 years between the European Union and Syria, and provide a legal frame for European aid intending to improve the political framework, as well as the economic and financial development of the country, especially in the following fields: science, technology, environmental protection, resources exploration, production and infrastructures.
- Country Risk
Tax incentives offered to foreign investors
- Special tax treatments
The government issued Investment Law 10 aimed at promoting investment in all sectors of the economy by providing the same incentives to local and foreign investors. Incentives are granted under the Syrian investment laws for certain industrial projects and for tourism (The decision 186 apply a seven years exemption from all taxes on the operation of tourist establishments, an exemption from paying income tax on up to 50% of the profits, certain import and customs exemptions, and some exemptions allowing bank accounts to be maintained in foreign currency.)
Foreign exchange capital can be repatriated after five years, and, if the project fails through circumstances out of the investor's control, such capital can be repatriated after six months. Profits can be transferred freely. 50% of expatriate salaries and 100% of expatriate severance pay can be repatriated.
- Useful Links
Syrian Investment Agency
Any Comments About This Content? Report It to Us.
No content has been posted to this folder yet.
Be the first to feature your expertise related to Investment Incentives in Syria!
- Post any content you may have that features your expertise, such as a text article with business tips, presentation, market report, etc
- By sharing your knowledge you gain more visibility for your profile not only on GlobalTrade.net but across the web
Post your content now by simply clicking on the button below.
Check these folders already populated with content posted by other users:
Click here to find out more about key benefits and instructions for contributing to the site.
Post any content you may have that features your expertise and offers valuable information to the international trade community.
The more informative content you post the more visible your will be, as your valuable content will link directly to your profile.
Check these sample pages for illustration: