Syria set suitable plans and strategies to find on enabling environment for business sector mainly:
Reformations performed in Syria (2008-2013) | |
2013 | Credit obtaining stage: credit information is achieved via an electronic system to exchange data among all banks , financing institutions and the Central Bank |
2012 | Starting commercial activity stage : The minimum limit of starting commercial activity is decreased for limited liability companies from million S.P to 400000 S.P . And publishing cost from 122000 S.P to 42000 S.P |
2011 | The minimum limit to start commercial activity by limited liability companies was decreased at two thirds and the approval upon establishment became decentralized .
The limit of disclosure about loans to the central bank was decreased and the percentage of coverage of credit information by public registries was increased . |
2010 | The minimum limit of starting commercial activity : was decreased and registry applications became available via internet . |
2009 | Registering of companies at courts was cancelled and also the condition of participation of lawyers in those procedures was cancelled .
Transponders trade stage : Private banks in Syrian markets accelerated the process of issuing insurance letters . |
2008 | Tax payment stage: Rates were decreased and a unit for VIP tax payers was established to accelerate the process .
Measures of starting trade activity on the condition of announcing about establishing the companies in the official gazette. |
Source : National Competitiveness Observatory