The Directorate of Companies in the General Administration of Internal Trade and Consumer Protection announced that the number of registered companies during the first five months of this year has risen to 5,768 new Syrian companies.
According to a report by the Directorate of Companies, published by the official news agency (SANA) on Tuesday, June 24, the number of registered companies increased by 1,918 companies compared to the same period last year, which registered only 3,850 companies.
The new companies are distributed as follows: 4,760 individual companies, 530 partnerships, 63 limited partnerships, 7 joint-stock companies, and 408 limited liability companies.
The directorate revealed a decrease in the number of companies being deregistered during the first five months of the current year to 592 companies, while the number of companies that were deregistered in the same period last year was 2,330 companies.
The directorate attributed the increase in the number of companies to the elimination of the complexities that existed during the previous regime, the provision of facilitation for the establishment procedures for various types of companies, and the reduction of the time required to complete the registration and establishment process.
97 companies established in two months
Government data published in the official gazette showed that 97 new companies were registered in Syria within a span of nearly two months following the fall of the previous regime.
According to a statistical analysis published by Karam Shaar Consulting Company, no new companies were registered in Syria between December 8, 2024, and February 2 of this year, for unclear reasons, although they relate to the widespread disturbances witnessed by state institutions during that period following the overthrow of the Assad regime.
The registration of companies resumed in February, with 50 companies established during that month, and 47 other companies registered between the first and 26th of March.
The numbers show a slight increase in the number of registered companies compared to previous years, as only 88 companies were registered during the same period (February and March) of 2024.
According to the site’s analysis of newly registered companies in Syria, trade and import/export companies dominate the scene, with about 80% listing import and export as part of their business activities, while sectors such as cleaning, manufacturing, construction, and information technology are represented to a much lesser extent.
Geographically, Damascus and its surrounding countryside remain a major hub for business registrations, with 55 of the 97 companies located in Damascus, 21 in Rural Damascus, 9 in Aleppo, 7 in Daraa, 3 in Homs, and one each in Latakia and Idlib.
Since December 8, 2024, about 90% of newly registered companies are wholly owned by Syrians, while around 10% have at least one foreign shareholder. Notably, six companies are fully owned by foreigners, albeit as legal Syrian entities.
In comparison, foreign ownership was significantly higher in the pre-conflict period. In 2010, about 18% of companies were foreign-owned, whereas foreign ownership was less than 1% of companies in 2024.
The Deputy Minister of Economy and Industry for Internal Trade and Consumer Protection, Maher al-Hassan, announced on June 2 that the ministry is working on adopting a new “Commercial Information Bank System” program for establishing companies and issuing commercial registrations.
Syria registers 5,768 companies in five months Enab Baladi.
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