Syrian government encourages family businesses to turn into ‘joint-stock’ ...Syria

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Syrian government encourages family businesses to turn into ‘joint-stock’
Enab Baladi – Jana al-Issa The Syrian regime government discussed on 31 May the draft legislation to encourage family businesses to transform into joint-stock companies due to their “importance and role in developing the economy, and being an investment opportunity.” Talks about the project are not new, as the government has studied provisions for laws that may encourage the transformation on several occasions over the past years. At the end of last January, the State-run al-Thawra newspaper quoted official sources about the formation of a committee chaired by the Assistant Minister of Finance to complete the draft amendment to the law on the conversion of family businesses to joint-

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