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Ease of Doing Business in

Syrian Arab Republic

Syrian Arab Republic Download Profile (1782.2KB, pdf)
Region Middle East & North Africa
Income Category Lower middle income
Population 18,502,413
GNI Per Capita (US$) 1,270
City covered Damascus

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 173 172 down
1
41.43 42.85 down
1.42
Starting a Business 136 128 down
8
78.93 78.91 up
0.02
Dealing with Construction Permits 187 186 down
1
0.00 0.00
-
Getting Electricity 151 121 down
30
51.79 59.86 down
8.07
Registering Property 154 136 down
18
46.88 50.35 down
3.47
Getting Credit 170 168 down
2
15.00 15.00
-
Protecting Minority Investors 87 85 down
2
53.33 53.33
-
Paying Taxes 81 80 down
1
73.51 73.51
-
Trading across Borders 176 175 down
1
29.83 29.83
-
Enforcing Contracts 159 158 down
1
42.58 42.58
-
Resolving Insolvency 161 157 down
4
22.44 25.15 down
2.71

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 136

DB 2016 Rank: 128

Change in Rank: down8

DB 2017 DTF (% points): 78.93

DB 2016 DTF (% points): 78.91

Change in DTF (% points): up0.02

Standardized Company
Legal form: Limited Liability Company
Paid-in minimum capital requirement: SYP 400,000
City: Damascus
Indicator Syrian Arab Republic Middle East & North Africa OECD high income
Procedure – Men (number) info_outline 7.0 7.8 4.8
Time – Men (days) info_outline 15.0 20.1 8.3
Cost – Men (% of income per capita) info_outline 8.9 26.3 3.1
Procedure – Women (number) info_outline 8.0 8.6 4.8
Time – Women (days) info_outline 16.0 20.9 8.3
Cost – Women (% of income per capita) info_outline 8.9 26.3 3.1
Paid-in min. capital (% of income per capita) info_outline 106.0 11.2 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Obtain husband's permission to leave the home

    Agency: Domicile

    According to Personal Status Law, Arts. 74 and 75 a woman must obtain a husbands permission to leave the marital home. Therefore, she must obtain a husbands permission to leave the home and start a business.
    1 day no charge
    2

    Apply for company name reservation and commercial registration at the Ministry of Internal Trade and Consumer Protection

    Agency: Ministry of Internal Trade and Consumer Protection

    The founders complete a draft of the memorandum of association and present it to the Ministry of Internal Trade and Consumer Protection. The Ministry reviews the draft and requests that the founders make changes needed to comply with the law. If no amendments are required, the founders are called to sign the company memorandum before the Director of Interior Trade at the Ministry. Once approved, the founders are given ten certified copies, which they should take to the Directorate of Finance for registration upon declaring an address and place of business and paying the stamp duty.
    7 days SYP 30
    3

    Open a financial record for the company, register for taxes and buy stamps at the tax authority of the Ministry of Finance

    Agency: Tax Authority

    The founders must open a financial record for the company at the Tax and Financial Department. In this procedure, the Tax Department will be informed about the start of business activities. Stamp duty is calculated at 0.4% of the capital amount, and the local administrative fee is calculated at 5% of the Stamp Duty collected. In addition a receipt stamp in the amount of SYP 20 is payable.
    3 days 0.4% of capital (stamp duty) + 5% of the stamp duty (local administrative tax) + SYP 20 (receipt stamp)
    * 4

    Publish the memorandum of association in the Official Gazette

    Agency: Official Gazette

    Limited liability companies are required by law to publish the decision of the establishment of the company in the Official Gazette. Payment is to be made to the Official Gazette before obtaining the commercial registration certificate.
    1 day, simultaneous with procedure 2 SYP 4,000 per page
    * 5

    Deposit the initial capital in a bank and obtain a statement thereof

    Agency: Bank

    The founders are required to deposit initial capital (40% of the capital at the time of registration) before finalizing commercial registration with the Ministry of Internal Trade and Consumer Protection.
    1 day, simultaneous with procedure 2 SYP 1,000
    6

    Visit commercial registry with the signed copy of the articles of incorporation

    Agency: Commercial Registry

    The company will be registered upon presenting the articles of incorporation and the other requested documents, including proof of headquarters (ownership or lease contract of the premises), bank statement for proof of deposit of the company capital, criminal record certificate for the company signatory (usually the CEO), copies of the partners' ID cards, certificate of no objection letter from the Ministry of Finance, and the Official Gazette receipt.
    1 day SYP 10,000
    7

    Register with the Social Security Organization

    Agency: Social Security Organization

    The company must register its employees with the social security organization within 15 days of employment. The social security organization takes care of pension and worker's compensation.
    1 day SYP 20
    8

    Make a company seal

    Agency: Seal maker

    Though not explicitly cited in Syrian law, the use of a seal is a commercial custom. The official authorities, especially the tax authorities, assume that companies use a seal to authenticate their transactions. Under the Syrian commercial law, commercial custom is considered as a source of commercial law.

    The cost for obtaining a seal from the seal maker varies depending on the type of seal.
    3 days SYP 2,500

    * Takes place simultaneously with previous procedure.

    Applies to women only.