Published: 07 Oct 2008 16:07:48 PST
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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.
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.
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.
Social partners
- Bargaining power
- N/A.
- Unionization rate
- 100 %. Belonging to a trade union is compulsory in order to be employed.
- Labor regulation bodies
-
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