The Syrian government has undertaken to provide many facilities for investment in Syria such as the issuance of Investment Law No 10 of 1991 and its amendments pursuant to Legislative Decree No 7 of 2000.

The laws contain four key points for potential investors:

1. Capital: Companies registered under Law 10 can be 100% foreign owned.
2. Imports: Investors may import machinery, transport and raw materials free from tariffs and the other import restrictions.
3. Taxation: Joint enterprises (where the public sector contributes 25% of the capital) are exempted from all income and others for a period of seven years, while completely private ventures are exempted from all taxes for a period of five years. Joint ventures are also exempted from 50% of all fiscal duties. If commodity or services exports exceed 50% of total production within original grace period, an extra two-year tax holiday is granted.
4. Banking: Investors may open hard-currency accounts at the Commercial Bank of Syria equal to the project's total investment value and 75% of export revenue.
5. Investment: Foreign investors are permitted to repatriate investment capital and profits after five years.

Conditions:
Law No. 10 stipulates that the value of the fixed assets invested in a project in the form of machinery, equipment, instruments, tools, means of transport (other than tourist cars) should not be less than SP 25 million. Each project should also be complementary to Syria's National Development Plan, utilize modern equipment, and contribute to the overall growth of GDP. Its worth mentioning that the Syrian government is currently involved in a continuous effort to modify the country's investment law to provide more facilities to local and international investors.