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Syrian Arab Republic Report

Entrepreneurial Missions Index

47.82

General Information

Population

20,446,609 (53rd most populous country in the world)

Religions

Languages

Sunni Muslim   74% Arabic   
Other Muslim 16% Kurdish
Christian 10% Armenian
Jewish Aramaic
Circassian
French
English

Industries

Petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing, car assembly

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Syrian Arab Republic, visit https://www.cia.gov/library/publications/the-world-factbook/geos/sy.html.

Business Information

The World Bank ranks Syrian Arab Republic as 0 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Syrian Arab Republic.

The World Bank ranks Syrian Arab Republic as 143rd out of 183 economies in terms of ease of doing business.  The country ranks as 133rd (of 183) in terms of ease of starting a business.

It requires 7 procedures, takes 17 days, and costs 27.8% of income per capita to start a business in Syrian Arab Republic.

In order to start a business in Syrian Arab Republic, one must follow these procedures:

  1. Apply for company name reservation and commercial registration at the Directorate of Internal Trade at the Ministry of Economy and Trade
  2. Open a financial record for the company and register for taxes at the tax authority of the Finance Ministry
  3. Publish memorandum of association in the Official Gazette
  4. Deposit the initial capital in a bank and obtain a statement
  5. Visit commercial registry with the signed copy of articles of incorporation
  6. Register with the Social Security Organization
  7. Make a company seal

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Syrian Arab Republic, visit http://www.doingbusiness.org/.

 

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.

 

Syrian Arab Republic Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   

 

Syrian Arab Republic Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project