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Syria tourism
Syria’s
tourism sector shows great potential and the number of
tourists who visit the country each year is on the rise. In 1994,
over 2 million foreign tourists entered Syria; a 5% increase over
1993. More than one half million visitors were from non-Arab countries
and 1.45 million were from the Arab world. The number of American
tourists---approximately 10,000 in 1994--is more than double the
number of U.S. visitors in 1989. Investment in the tourism sector
has increased services revenue to an estimated $1.5 billion in 1993;
up from $874 million in 1990.
To encourage private sector as well as foreign investment in Syrian
tourism projects, Decision #186 was promulgated in 1986.
Incentives include tax exemptions on all tourist projects; tax exemptions
on all imports necessary to build tourism installations—provided
these imports do not exceed 50% of total investment; and a seven-year
corporate tax exemption—after which the tax is paid at 50% of the
normal rate. In addition, international standard hotels are granted
import licenses for those luxury items not normally allowed.
For More Information About Syria's Tourism Industry
go to the Syrian Tourism Website at http://www.syriatourism.org.
Or contact the proper Ministry . |
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