Investment Incentives in Syria

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Syria flag Syria: Investing

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

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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

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