Understanding Syria's New Investment Law
Syria has recently introduced significant changes to its investment regulatory framework, creating new opportunities and incentives for both local and foreign investors. This article provides an overview of the key provisions and benefits of the new legislation.
Key Provisions of the New Investment Law
The new investment law introduces several important changes designed to improve the business environment:
- Tax Incentives: Including multi-year tax holidays for projects in priority sectors and in development zones.
- Customs Exemptions: For imported machinery, equipment, and materials needed for investment projects.
- Land Access: Simplified procedures for accessing industrial and commercial real estate.
- Profit Repatriation: Clearer provisions for transferring profits and investment returns abroad.
- Investment Protection: Enhanced guarantees against expropriation and non-commercial risks.
Priority Sectors
The law identifies several priority sectors that receive additional benefits:
- Renewable energy development
- Manufacturing industries
- Agriculture and food security projects
- Healthcare and pharmaceutical production
- Information technology and digital infrastructure
- Tourism development in designated areas
Application Process
The investment application process has been streamlined, with the establishment of a one-stop-shop service center designed to facilitate approvals and reduce bureaucratic hurdles.
How We Can Help
Our legal team at Syria Invest Gate stays continuously updated on investment legislation and regulatory developments. We provide comprehensive advisory services to help investors navigate the application process, secure available incentives, and ensure full compliance with all legal requirements.
For personalized guidance on how the new investment law applies to your specific project, contact our legal consulting team.