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Marketing in Syria country
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It is located in West Asia, north of the Arabian Peninsula in the Middle East, and east of the Mediterranean Sea. It is bordered by Turkey to the north, Lebanon and Palestine to the west, Iraq to the east, and Jordan to the south. Syria's geography includes mountain ranges in the west and steppes in the interior. The Syrian desert is located in the east and the Druze mountain range in the south of the country. The Euphrates River has divided the Syrian desert. The reservoir of the dam, which was built on the Euphrates in 1973, is called Lake Assad and is currently the largest lake in Syria. Syria's highest point is Mount Jabal al-Sheikh, 2,814 meters (9,232 feet) on the Lebanese border. Semi-arid steppe zones, nestled between the wet shores of the Mediterranean on one side and the desert on the other, cover about three-quarters of the country. These steppe zones host hot, dry winds blowing through the desert.
- Oil is a perishable stock and due to its high price fluctuations and the trend of declining underground reserves, it cannot be considered as the main source of income.
- The average annual population growth in Syria is 3.3%, which is above the global average. This trend has increased the labor force and forced the country to make huge investments in education, health, and the social security system.
- Trade opening, which is due to Syria being in the Free Trade Zone of the Arab countries or due to cooperation with the European Union or joining the World Trade Organization, will have a great impact on Syrian industry because many Syrian factories and industrial centers Government support will not be able to withstand this opening.
Syria Geography, Read More ...
- Syria Natural Stones Market
- Syria Minerals Market
- Syria Petroleum Market
- Syria Gemstones Market
- Syria Construction Materials Market
- Syria Chemicals Market
- Syria Metals Market
- Syria Petrochemicals Market
- Syria Real estates Market
- Syria Food Market
- Syria Crops Market
- Syria art and craft Market
Maritime Transportation of Syria
The most important Syrian ports are:
Benefits of investing in the Free Zones of Syria include tax and duty exemptions, freedom to transfer capital and profits, freedom to employ foreign and domestic labor in projects in the mentioned zones, presentation of a certificate of origin of Syria or a free zone for products. He mentioned the production in these areas and providing all the necessary infrastructure for projects in free zones such as water, electricity, telephone, highway, sewage, and so on. The free zones of this country are Latakia Zone, Aleppo Free Zone, Latakia Port, Adra Free Zone, Damascus International Airport Free Zone, Tartus Port Free Zone, and Damascus Free Zone.
Maritime Transportation of Syria, Read More ...
Syrian customs laws
A foreign project company in Syria can import the required equipment or goods to complete the projects required in Syria, provided that it re-exports the equipment or goods after completion.
Raw materials for cosmetics
Alcohol and tobacco (only the Syrian government can import alcohol and tobacco for sale in the domestic market.) It should be noted that this country has reduced the number of items on the list of prohibited goods in the case of member countries.
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Syrian banking laws
In general, one of the plans to reform the Syrian government's economic system is to allow the establishment and operation of private Syrian banks in the country, where several private banks are currently operating.
- Income tax on industrial, commercial, and non-commercial companies
All companies operating in Syria, including foreign companies, are obliged to pay any income that comes from commercial or non-commercial activities in Syria. Usually, the corporate tax rate in the country starts from 10% and eventually increases to 45%.
- Payroll tax
In Syria, the payroll tax usually starts at 5 percent and eventually rises to 12.5 percent. All people working in Syria, including foreign workers and employees, whose income is not less than a certain amount, are required to pay taxes. Income tax includes basic salary, overtime, and bonuses.
Syrian banking laws, Read More ...
Exports to Syria and export and trade activities with Syria
Exports to Syria: the decision of the Syrian government to ban the import of goods from Turkey and on the other hand become more competitive prices of goods produced in Iran, Iranian goods have high competitive potential with similar foreign products.
It can be noted that Iran's main economic and trade rival in the trade market is Syria; it is Russia, but goods produced in Russia are much more expensive than goods produced in Iran, and Russia is not able to compete with goods made in Iran to export to Damascus. Also, the geographical location of Syria and the access of Syrian businessmen to European businessmen and African countries will open new windows for economic actors in Iran.
Exports to Syria and export and trade activities with Syria, Read More ...