Home > Community > Country Profiles-Syria > Syria-Operating a business
Published: 07 Oct 2008 16:07:48 PST

Home  > Country Profiles  > Syria  > Operating a business

Syria flag

Syria

Operating a business

Setting up a company | Working conditions | Cost of labor | Social partners

Setting up a company

Legal business entities

Different types of companies Number of partners/shareholders Maximum and/or minimum capital Liabilities Registration fees
Private Limited Company Minimum 2. No minimum capital. e les pin
Public Limited Company. No minimum. £S 30.000 Liability is limited to the amount contributed.
Limited Partnership. No minimum. No minimum capital. Liability is limited for some partners and unlimited for others.
Partnership Limited by shares. No minimum. No minimum capital. Liability is limited for some partners and unlimited for others.
General Partnership. Minimum 2. No minimum capital. Partners' liability is undefinite and joint.

Business setup procedures
Companies have to deposit a registration request with the Ministry of Economy and Foreign Trade. The company will have to include a copy of the following documents:
-The Memorandum of Association signed by the Board of Directors President.

Return to top

Working conditions

Legal weekly duration
The statutory workweek for administrative staff is 6 days of 6 hours each, and laborers work 6 days a week of 8 hours each.
Retirement age
N/A.
Working contracts
Employment contracts are precisely regulated by law. Official approvals are required.

Return to top

Cost of labor

Minimum wage
5880 syrian pounds (USD118) for public and private sector
Social security contributions paid by employers
N/A.
Social security contributions paid by employees
N/A.

Return to top

Social partners

Bargaining power
N/A.
Unionization rate
100 %. Belonging to a trade union is compulsory in order to be employed.
Labor regulation bodies

Return to top

© Export Entreprises SA, All rights reserved.


Source: FITA

If you believe an article violates your rights or the rights of others, please contact us.

Share this story:
  • Digg
  • Reddit
  • Mixx it
  • Facebook
Email this page Bookmark this page