Investment Opportunities in Syria
Protection of Foreign Investment
- Bilateral Investment Conventions Signed By Syria
- Syria has signed many bilateral agreements with the United States, Germany, Pakistan, China, Indonesia, Russia, Belarus, Iran, Libya, Tunisia and Lebanon.
Country Comparison For the Protection of Investors
|Syria||Middle East & North Africa||United States||Germany|
|Index of Transaction Transparency*||7.0||6.3||7.0||5.0|
|Index of Manager’s Responsibility**||5.0||4.6||9.0||5.0|
|Index of Shareholders’ Power***||2.0||3.4||9.0||5.0|
|Index of Investor Protection****||4.7||4.8||8.3||5.0|
Source: Doing Business
Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.
Procedures Relative to Foreign Investment
- Obligation to Declare
- The Syrian Agency for investment provides information about the authorizations required to set up a business in the country.
- Competent Organization For the Declaration
Syrian Ministry of the Economy
- Requests For Specific Authorizations
- Air and rail transportation, landline telephones, oil refineries, mineral waters and cereal marketing are among the rare sectors which are still exclusively in the hands of the public sector.
- 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.
- The Key Sectors of the National Economy
- Oil, industry, banking and real estate.
- High Potential Sectors
- Syria remains very dependent of a small number of sectors: oil, agriculture and textile.
- Privatization Programs
- The government is responsible for promoting foreign investments when it considers it necessary.
- Tenders, Projects and Public Procurement
Tenders Info, Tenders in Syria Arab Republic
DgMarket, Tenders Worldwide
Sectors Where Investment Opportunities Are Fewer
- Monopolistic Sectors
- Government restrictions concerning foreign investment are weak and limited to sectors such as gas, oil, power generation and distribution, airline transportation, port operations, bottled waters and telephone services.
Finding Assistance For Further Information
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