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License procedures & Advantages of investment in free zones |
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 License procedures.
The license in Syrian free zones is granted for the following activities commercial، industrial، banking and service. The prospective tenant submits the following certified documents to the directory of the free zones:
A. A banking، industrial or commercial tenancy application، as per to the applied sample of the establishment.
B. The application is attached with the following documents The prospective tenant must pay an administrative service fee equals to 150$ for commercial and industrial tenancy and 500 $ for banking tenancy. A drawing of the proposed site، which must be taken from the general location of the free zone intended for tenancy indicating. The number of the plot and north direction . The drawing is certified by the technical directorates of the related free zone A copy of the Syrian tenant’s identity card or a copy of the foreigner’s passport The contract of the company foundation، if the prospective tenant was a company (more than a natural person) determined its kind، capital، term and other legal conditions regulating its functions in accordance with investment system in force in the free zone. A private representative and deputation contract، as per to the prescribed from of the establishment for the foreign prospective tenant.
A copy of a trader registration can replace this contract، provided that he has an activity Syrian
Arab Republic.
A deceleration from the Syrian representative named in the deputation and representative contract، in accordance with the prescribed from of the Establishment residence document and judicial register (unconvinced) from the related parties Advantages Complete exemption of all kinds of fees and duties .
The freedom of transforming the foreign invested capital and its ensured profits in free zones outside the country and viseversa The freedom of employing local and foreign workers in the projects set up in the free zones.
Offer a Syrian certificate of origin or a free zone certificate for products manufactured in the free zones and certify the invoices of foreign product stored inside them.
Supply the infrastructure needed for all projects set up in the free zones (water-electricity- communications-sewageroads-and guards).
The freedom of supplying building materials، machines and equipment for projects set up in the free zone either inside or out side the country.
The allowance to renounce the right of the invested enterprises for other tenants or for a new investor whenever he wants.
Freedom to transfer goods inside the free zones (assignment – transfer from one place to another or from one zone to another).
Open a current account in foreign currency for the investors in the operating private banks in the commercial bank of Syria (free zone branch) Offer the investor a commercial or industrial register and registration of a special trademark to protect it، and set up establishments and register them within free zones.
The wages of invested plots (tenancy fees) are moderate and competitive.
Providing public warehouses with all services to receive the goods which belong to others and enabling them to benefit from the incentives offered to the investors within the free zones It is permitted to export the local primary materials in Syria to the free zones by means of regular export data and according to the provisions of Foreign Trade.
The decisions of executive and provisional seizure shall not be applicable to the enterprises existing within the free zones، and the goods that existed within them unless the seizure is resulting from a dispute related to an activity of one of the disputing parties in the free zone. or when the decision states clearly the restriction of the investor’s assets in the free zone except the enterprises and its investment right.
The investor has the right to enter the transportations means necessary for his activity on a temporary basis into the country، provided that they are used only for the purposes they are entered for.
It is permitted to enter /25/% of export value to the local market excluded from Foreign Trade provisions License procedures & Advantages of investment in free zones.
License procedures & Advantages of investment in free zones.
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