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Law 32 Of 2007 To Allow Investors From Non-Syrian Licensed Investment Projects Owners, Which Will Be Licensed Under Law 21 Of 1958 To Own, Rental And Investment Lands And Real Estates Required For Establishing Or Expanding Their Businesses In The Indus...

Original Language Title: القانون 32 لعام 2007 السماح للمستثمرين من غير السوريين أصحاب المشاريع الاستثمارية المرخصة والتي سترخص وفق أحكام القانون 21 لعام 1958 بتملك واستئجار واستثمار الأراضي والعقارات اللازمة لإقامة مشاريعهم أو توسيعها في المدن الصناعية

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Act No. 32 of 2007 allows non-Syrian investors licensed investment entrepreneurs which, in accordance with the provisions of Act No. 21 of 1958, will authorize ownership, rental and investment of land and real estate necessary to establish or expand their enterprises in industrial cities


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Act No. 32 of 2007
Date-Milade: 2007-12-04Date-off: 1428-11-24
Published at: 2007-12-04
Section: Law

Information on this Law:
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Act 32 of 2007
Allow non-Syrian investors licensed investment entrepreneurs, which will be authorized in accordance with the provisions of Act No. 21 of 1958 to own, lease and invest land and real estate necessary to establish or expand their enterprises in industrial cities

President of the Republic
On the basis of the provisions of the Constitution

As approved by the People ' s Assembly at its 19/11/1428th meeting, 29/11/2007.

Issue:

Article One.

a. Non-Syrian investors are allowed licensed investment entrepreneurs, which, according to Act No. 21 of 1958, will be authorized to own, lease and invest land and real estate necessary for the construction or expansion of their enterprises in industrial cities if the project is beyond the project ' s need for an area greater than the property limit specified in the laws and regulations in force, provided that they are used exclusively for the purposes of the project.

b. The provisions of Legislative Decree No. 57 of 2004, Legislative Decree No. 26 of 2003 and investment regulations in industrial cities apply to investors in industrial cities covered by the provisions of paragraph a.

c. The Syrian or non-Syrian investor in industrial cities, in the event of the abandonment of its project in favour of a non-Syrian investor, has the effect of obtaining the approval of the Industrial City Council and the Ministry of Industry for investors in industrial cities and a maximum of two years for the implementation of the said abandonment.

Article 2

This law is published in the Official Gazette.
Damascus 24/11/1428H approved 4/12/2007

President of the Republic
Bashar Al-Assad

Advocate Nahl al-Masri












Number of observations: 565.

Comments:
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Statement by the People ' s Assembly on the seventieth anniversary of independence


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