The Legal 500

Overview

In the past ten years, Syria has approved a raft of new legislation, including introducing a new commercial code, updating company law, adding new investment incentives, altering tax exemptions, and establishing regulations for a private banking sector. Changes for 2010/11 included the government drafting new procurement laws and setting up the framework for public-private partnerships, amendments that have caught the attention of the international community and generated excited speculation regarding investment into Syria, particularly in the telecoms and infrastructure sectors.

In response, international law firms have turned their eye to Syria and are currently evaluating potential business partners among Syria’s domestic firms, although official associations have yet to be instituted. At present, the market supports many small firms, although market leaders are expanding and positioning themselves to take advantage of the influx of foreign investment.

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