Syria  

Limited Liability Companies

These are similar in structure to their Western counterparts. Management may be separate from the partners, although they are usually chosen from among them. Minimum capital is 25.000 Syrian pounds. The liability of individual partners is restricted to their share of total capital. Companies are required to submit their constitution to the Court of First Instance within a month of their formation. The constitution should contain the company’s name and address a description of its purpose, information regarding its directors and partners, their shares and responsibilities. ‏

Applications for official registration are made to the Ministry of Supply and Interior Trade. Applications should be signed and authorized by the partners and include a copy of the constitution, lease agreements and industrial licenses as applicable. ‏

Once approval is obtained from the ministry, the company is added to the commercial register.‏