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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Read the untranslated law here: http://parliament.gov.sy/arabic/index.php?node=201&nid=4860&RID=-1&Last=10058&First=0&CurrentPage=9&Vld=-1&Mode=&Service=-1&Loc1=&Key1=&SDate=&EDate=&Year=&Country=&Num=&Dep=-1&

Law 32 of 2007

Allowing 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 industrial cities



President of the Republic based on the provisions of the Constitution

And approved by the People's Assembly in its meeting held on 19/11/1428 H corresponding to 29/11/2007 AD.

Issued the following:
Article 1


A .. allows investors from non-Syrian licensed investment entrepreneurs, which will be licensed under the provisions of Law No. 21 of 1958 to own, rental and investment lands and real estates required for the establishment of their projects or expansion in the industrial cities, even exceeded the project needed an area that exceeds the specified ownership ceiling in the laws and regulations provided used exclusively in the project purposes.

B .. provisions of Legislative Decree No. 57 of 2004 applied Legislative Decree No. 26 of 2003 and the regulations in force investment in the industrial cities on the investors in the industrial cities covered by the provisions of paragraph (a) the previous.

C .. consequent Syrian investor or non-Syrian beneficiary of the exchanges in the industrial cities in the event of abandoning his project for the benefit of the investor is a Syrian obtaining the approval of the Industrial City Council and the Ministry of Industry for investors in the industrial cities and sets a maximum period of two years to implement abandon mentioned process.


Article 2


This law shall be published in the Official Gazette.

Damascus on 24/11/1428 H corresponding to 04/12/2007 AD's



President
Bashar al-Assad












Egyptian lawyer Nahel