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Starting a Business in

Syrian Arab Republic

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Syrian Arab Republic. It examines the procedures, time and cost involved in launching a commercial or industrial firm with between 10 and 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 190 economies. The most recent round of data collection was completed in June 2016.

Compare Syrian Arab Republic to 189 other economies.

  • 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.