Doing Business with Syria

A comprehensive guide to doing business, exporting, investing, and manufacturing in Syria.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Syrian Investment Agency (SIA)

Tel: +963 11 4473012
Email: syinvest@mail.sy
Web: www.sia.gov.sy

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Syrian Customs Authority

Tel: +963 11 226900

National Chamber of Commerce

Damascus Chamber of Commerce

Tel: +963 11 333 2005
Email: dcc@net.sy

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Economy and Foreign Trade

Tel: +963 11 2324680
Web: www.syrecon.gov.sy

  • Type of Government: Unitary dominant-party semi-presidential republic
  • Population: Approximately 21 million
  • GDP: Around $60 billion USD (estimates vary due to conflict)
  • Corporate Tax Rate: Ranges from 14% to 28%
  • Personal Income Tax Rate: Progressive rates from 5% to 22%
  • Major Exports: Crude oil, minerals, textiles, agricultural products
  • Major Imports: Machinery, foodstuffs, metals, chemicals

 

Exporting goods to Syria involves several key steps. Here’s a general guide:

  1. Research Market Requirements

    • Understand Syria’s import regulations and product standards.
  2. Identify Your Product’s HS Code

    • Determine the Harmonized System (HS) code for tariff and regulation details.
  3. Prepare Documentation

    • Gather necessary export documents: commercial invoice, packing list, certificate of origin, and bill of lading.
  4. Check Tariff and Non-Tariff Barriers

    • Verify any tariffs and ensure compliance with non-tariff measures.
  5. Select a Reliable Freight Forwarder

    • Choose a logistics provider experienced in shipping to Syria.
  6. Comply with Labeling and Packaging Regulations

    • Ensure your products meet Syrian labeling and packaging standards.
  7. Arrange for Insurance

    • Secure insurance to cover potential shipping risks.
  8. Submit Customs Declaration

    • Work with your freight forwarder to submit the necessary customs declaration.
  9. Track and Confirm Delivery

    • Monitor the shipment to ensure it reaches the destination safely.

Importing goods into Syria involves several key steps. Here’s a general guide:

  1. Register as an Importer

    • Ensure your business is registered and authorized to import goods.
  2. Classify Your Goods

    • Determine the Harmonized System (HS) code for your products to understand tariffs and duties.
  3. Check Import Requirements

    • Verify if your goods need specific licenses or permits under Syrian regulations.
  4. Prepare Documentation

    • Gather necessary documents: commercial invoice, bill of lading, packing list, and certificate of origin.
  5. Select a Customs Broker

    • Engage a licensed customs broker to assist with the import process.
  6. Submit Import Declaration

    • File the import declaration with Syrian customs authorities.
  7. Pay Duties and Taxes

    • Calculate and pay any applicable import duties and taxes.
  8. Arrange for Cargo Clearance

    • Coordinate with your freight forwarder or customs broker for the clearance and delivery of goods.

Incorporating a company in Syria involves several key steps. Here’s a general guide:

  1. Choose a Business Structure

    • Decide on the type of company, such as a limited liability company or joint-stock company.
  2. Register the Company Name

    • Ensure your company name is unique and register it with the relevant authorities.
  3. Prepare Incorporation Documents

    • Draft the Articles of Association and other necessary documents.
  4. Open a Local Bank Account

    • Deposit the required minimum share capital as needed.
  5. Submit Registration Application

    • File the application with the appropriate government authority, including all necessary documents.
  6. Register for Taxes

    • Register the company for taxes with the local tax authority.
  7. Obtain Necessary Permits and Licenses

    • Apply for any industry-specific permits or licenses if required.

Costs

  • Registration Fee: Varies
  • Minimum Share Capital: Depends on the business structure

Setting up a manufacturing plant involves several key steps. Here’s a general guide:

  1. Conduct a Feasibility Study

    • Assess market demand, location suitability, and resource availability.
  2. Choose a Business Structure

    • Decide on the type of business entity, such as a limited liability company.
  3. Register the Company

    • Register your business with the relevant authorities.
  4. Secure Financing

    • Arrange funding through banks or investors.
  5. Select a Location

    • Choose an industrial area with access to necessary infrastructure and resources.
  6. Obtain Necessary Permits and Licenses

    • Apply for environmental, health, and safety permits from local authorities.
  7. Design and Construct the Facility

    • Hire architects and contractors to design and build the plant according to regulations.
  8. Purchase and Install Equipment

    • Acquire machinery that meets safety and operational standards.
  9. Hire and Train Employees

    • Recruit skilled workers and provide necessary training.
  10. Set Up Supply Chain and Distribution

    • Establish relationships with suppliers and distributors.

Registering a trademark involves several key steps. Here’s a general guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique and not already registered.
  2. Prepare Your Application

    • Gather necessary details, including the trademark design and list of goods/services.
  3. File the Application

    • Submit your application to the appropriate government office.
  4. Pay the Application Fee

    • Confirm the current fee with the relevant authority.
  5. Application Examination

    • The office examines the application for compliance and potential conflicts.
  6. Publication for Opposition

    • If approved, the trademark is published for opposition, allowing others to contest it.
  7. Receive Registration Certificate

    • If no oppositions are filed, receive the official trademark registration certificate.

Costs

  • Application Fee: Varies

Resolving commercial disputes involves several key steps. Here’s a general guide:

  1. Consult Legal Counsel

    • Engage a lawyer experienced in commercial law for advice.
  2. Attempt Negotiation

    • Try to resolve the dispute amicably through direct negotiation between parties.
  3. Mediation

    • Use mediation services to facilitate a resolution. This approach is often quicker and less costly.
  4. Arbitration

    • Consider arbitration for a binding decision, using local or international arbitration bodies.
  5. Litigation

    • If necessary, file a lawsuit in the appropriate court. Be prepared for a formal legal process.
  6. Enforcement of Judgments

    • Ensure the court’s or arbitration’s decision is enforced through the relevant authorities.

Costs

  • Legal Fees: Vary depending on the complexity and duration of the dispute.
  • Court Fees: Required for litigation, depending on the case specifics.
  • Mediation/Arbitration Fees: Vary based on the service provider.

Social and Cultural Factors

  • Language and Communication
    • Arabic is the official language. Understanding cultural nuances and communication styles is essential.
  • Business Etiquette
    • Personal relationships and trust are vital. Face-to-face meetings are preferred.

Political Environment

  • Stability and Regulations
    • The political situation can affect business operations. Stay informed about current regulations and government policies.

Economic Factors

  • Foreign Exchange
    • Currency fluctuations can impact business costs. It’s important to monitor exchange rates and plan accordingly.
  • Market Opportunities
    • Consider sectors experiencing growth or needing reconstruction.

Legal and Regulatory Environment

  • Rule of Law
    • Legal processes may be complex. Ensure compliance with local laws and seek legal advice.
  • Intellectual Property
    • Protecting IP can be challenging. Be proactive in safeguarding your assets.

Additional Considerations

  • Infrastructure
    • Assess the state of infrastructure and how it might affect logistics and operations.
  • Corruption and Bureaucracy
    • Be prepared for potential bureaucratic hurdles and consider anti-corruption measures.

Our Members Include Leading Organizations in Syria

Ask our Experts on Doing Business in/with Syria

If you’re looking to do business or invest in Syria, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.