Syrian Arab Republic

Ease of Doing Business in

Syrian Arab Republic

This page shows summary Doing Business 2012 data for the Syrian Arab Republic. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Middle East & North Africa
Income Category Lower middle income
Population 21,615,919
GNI Per Capita (US$) 2,640.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
134 136 down 2
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 129 133 up 4
Dealing with Construction Permits 133 132 up -1
Getting Electricity 83 82 up -1
Registering Property 82 79 up -3
Getting Credit 174 170 up -4
Protecting Investors 111 108 up -3
Paying Taxes 111 106 up -5
Trading Across Borders 122 122 No change
Enforcing Contracts 175 176 up 1
Resolving Insolvency 102 100 up -2

Economy Profile

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 129 DB 2011 Rank 133 Change in Rank up4
Indicator Syrian Arab Republic Middle East & North Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
7 8 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
13 20 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
17.1 35.0 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
127.7 86.7 14.1
No. Procedure Time to Complete Associated Costs
1 Apply for company name reservation & commercial registration at the Directorate of Internal Trade at the Ministry of Economy and Trade 5 days SYP 30
2 Open a financial record for the company and register for taxes at the tax authority of the Finance Ministry 3 days 0.5% of capital (stamp duty) + 5% of the stamp duty (local administrative tax) + SYP 20 (receipt stamp)
* 3 The notary legalizes documents and buys stamps 1 day, simultaneous with procedure 2 SYP 4000
* 4 Deposit the initial capital in a bank and obtain a statement 1 day, simultaneous with procedure 2 SYP 300
5 Visit commercial registry with the signed copy of articles of incorporation 1 day SYP 10000
6 Register with the Social Security Organization 1 day SYP 20
7 Make a company seal 3 days SYP 500
* Takes place simultaneously with another procedure.

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