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Investment Law in Syria

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Special Economic Zones

The Syrian government aims to create special economic zones that encourage investment, development, and growth. These zones can be specialized for specific services or productive activities, such as technical zones, medical, health, and tourist cities.

Types of Specialized Zones

• Technical zones
• Medical and health zones
• Tourist cities
• Private ownership zones (established upon request of an investor)

Investor Rights

Investors in Syria are entitled to various rights, including:

• Ownership and rental of lands and real estate properties required for their project
• Opening of banking accounts in Syrian Pound and foreign currency
• Obtaining credit facilities from banks
• Transfer of annual profits and interests abroad
• Payment of financial obligations incurred by the project in foreign currency

Investor Obligations

Investors are responsible for informing the Agency about various changes and updates, including:

• Changes to ownership
• Commencement of projects
• Actual investment costs
• Insurance for the project
• Accounting practices
• Payment of taxes and fees
• Submission of information or documents demanded by the Agency

Dispute Resolution

Investment disputes arising out of applying this law can be settled through:

• Amicable methods (compromise and mediation)
• Arbitration
• The competent judiciary