Damascus-SANA
The Supreme Investment Council approved, during its third meeting today, headed by Prime Minister Hussein Arnous, the minimum value of fixed assets for projects that will be covered by the new Investment Law No. 18 of 2021 in all sectors covered by the law, in a way that enables investors to benefit from the advantages, incentives and exemptions that it guarantees.
The Board approved the procedural manuals for licensing investment projects with all the 32 services, noting that the procedural manuals are one of the most important means of guidance and direction for the investor and facilitate access to a competitive and attractive investment environment for capital and shorten the procedures and time required for them in addition to being the main document to open the door for investors to establish Their investments are made with the least effort and cost while simplifying the procedures for any investment project and contribute to achieving transparency and tracking the movement of transactions and documents.
The council also decided to send the draft final executive instructions for the new investment law to the ministries for final comments to be approved at the council's meeting next week.
The Supreme Investment Council had agreed, during its meeting on the nineteenth of last month, to grant temporary licenses to five investment projects worth tens of billions of Syrian pounds and to include them in the new investment law.
It is noteworthy that the investor submits his application to the Investor Services Center in the Investment Authority only without the need to review any public authority and returns to receive the approval of the license for his project if he fulfills the requirements within the specified time period.
