Executive Summary for Investors
This investment law establishes a comprehensive framework to attract and facilitate both domestic and foreign investment in Syria. The law provides significant tax incentives, exemptions, guarantees, and streamlined procedures for investors across multiple sectors.
Key Highlights
- Up to 11 years income tax exemption
- 100% customs duty exemption on imported equipment
- Full profit repatriation guaranteed
- One-stop shop for licensing and approvals
- Protection against nationalization
1. Key Tax Exemptions and Reliefs
1.1 Income Tax Exemptions
Projects enjoy income tax exemptions for varying periods based on geographic zone:
| Zone | Exemption Period |
|---|---|
| Zone A (Major cities: Damascus, Aleppo, Homs, Hama, Latakia, Tartous) | 7 years |
| Zone B (Other provincial centers) | 9 years |
| Zone C (All other areas) | 11 years |
1.2 Customs Duties Exemption
- 100% exemption from customs duties and taxes on imported fixed assets
- Exemption applies to machinery, equipment, and materials required for project establishment
- Special rates for raw materials and production inputs
1.3 Real Estate Tax Relief
- Buildings used for project implementation are exempt from real estate tax for 7 years
- Automatic extension for expansion projects
2. Investment Guarantees and Protections
No Nationalization
Investment projects shall not be subject to nationalization or confiscation
Profit Repatriation
Full right to transfer profits, dividends, and capital abroad in convertible currency
Equal Treatment
Foreign investors receive equal treatment with Syrian investors
Employment Flexibility
Right to employ foreign workers up to 20% of total workforce
3. Eligible Sectors
The investment law covers a broad range of sectors including:
Manufacturing
Agriculture
Tourism
Energy
Infrastructure
Technology
Healthcare
Education
4. Streamlined Procedures
One-Stop Shop Mechanism
The Investment Promotion Authority provides:
- Single point of contact for all licensing requirements
- Coordination with all relevant government agencies
- Fast-track approval process
- Maximum 30-day processing time for licensing
- Automatic approval if deadline exceeded
Land Allocation
- Long-term leases (up to 50 years, renewable)
- Competitive pricing in industrial zones
- Pre-licensed land available for immediate use
5. Currency and Financial Regulations
Foreign Currency Rights
- Right to maintain foreign currency accounts in Syrian banks
- Free transfer of profits and capital in foreign currency
- Protection of invested capital value
- Compensation in case of expropriation at market value
6. How to Apply
Ready to Invest in Syria?
The Asian Syrian Business Council can help you navigate the investment process
Additional Resources
Disclaimer: This is a summary guide. For official legal advice, please consult with qualified legal professionals or contact the Syrian Investment Promotion Authority directly.