- The Investment Law aims to simplify the procedures to obtain a license from the Syrian Investment Authority, whose main feature is tax exemptions for projects of national interest.
- Various sectors of the economy continue to be targeted for private capital investments from both local and foreign businesses, thereby entitling investors to purchase and lease as much land as necessary.
- Special economic zones will be created to cater for the development of certain sectors of the economy deemed strategic.
- The terms of a licensed investment must remain consistent without any surprise amendments. An investment license cannot be revoked unless the investor is notified of any breaches they commit.
- The tax and customs duty incentives in certain cases reach the level of complete tax exemption for a project. Imports of equipment, machinery, assembly lines and transport systems will be processed free of duties and tariffs. Agricultural projects will not be taxed on profits.
- Touristic, hospitality and recreational investments will also be covered in the new Law as opposed to their hitherto standalone legislation and will be exempt from customs duties and other fees. Development projects will benefit from a 75% discount on income taxes for 10 years.
- Some industrial projects benefit from exemptions ranging from 50% to 75% on income taxes, including those pertaining to technology, medicine, pharmaceuticals, renewable energy, waste recycling, and crafts. Emphasis is also placed on local labor and the promotion of exports.
- Syrian and foreign investors both benefit from facilities, including the right to open a bank account and obtain credit for their project in Syrian Pounds and foreign currencies from local banks. Profits, interests and proceeds from sales of shares can be transferred abroad.
- If the investment license is not issued within the legal deadline, any capital transferred to Syria in anticipation of a project can be repatriated overseas by applicants. Investors, their families and employees have the right to obtain residence permits if they are not Syrian.
- It is no longer possible for the Minister of Finance to impose an administrative provisional attachment order on a licensed project, as this prerogative belongs solely to the judiciary.
- Any civil or commercial disputes arising from the investment contract or license will be settled by a new dedicated arbitration center hosted by the Federation of Syrian Chambers of Commerce governed by its rules and with either local or foreign arbitrators as the parties desire.