Doing Business in Syria

Doing business in Syria presents significant challenges due to the ongoing conflict, international sanctions, and economic crisis. This guide provides an overview of the legal framework and practical considerations.

Business Environment

The Syrian business environment is characterized by:

• Ongoing civil war and security concerns
• International sanctions affecting trade and finance
• Currency instability and capital controls
• Limited access to international banking
• Government control over key economic sectors

Corporate Taxation

The standard corporate income tax rate is 22%. Special rates apply:

• Banks, insurance, and financial institutions: 28%
• Agriculture: 10%
• Minimum tax: 1% of gross turnover for companies with losses

VAT

VAT is charged at 14% standard rate, with 0% for exports. Registration is required for businesses with annual turnover exceeding SYP 50,000,000.

Employment and Social Security

Employers must register with the Syrian Social Security system and contribute approximately 14% of employee salaries, while employees contribute approximately 7%.

Import and Export

International trade is significantly affected by sanctions. Import duties apply to most goods, and certain items require special permits.

Important Note

Doing business in Syria carries significant risks. Professional advice should be sought before making any business commitments.