- Service Description:
Approval of licensing financial leasing and Islamic leasing companies per the provisions of the Legislative Decree No. 88 of 2010 and the executive instructions of Decision No. 3418 dated 29/12/2011.
- Service documents:
✔ The phase of expressing interest in establishing a financial leasing company.
✔ Duly dated and signed formal application applied by the founders to express intention to establish a company.
Including the following data: The name of the company to be licensed along with its capital and main center, its strategic partner whose contribution percentage shall not be less than 25%, as well as data on the names of the rest of the founders, their nationalities, and the percentage of contribution of each one of them, in addition to the curriculum vitae of each founder, the type of activity they practice, and their addresses.
1. The phase of expressing interest in establishing a financial leasing company.
✔ Detailed data on the founders regarding their experiences and knowledge in the financial leasing field or Islamic leasing.
✔ Names and addresses of the representatives authorized to follow up on the license application.
✔ The phase of expressing interest in establishing a financial leasing company.
✔ Names and addresses of the representatives authorized to follow up on the license application and official credentials.
✔ A copy of the budget of legal persons contributing to the project:
1. The phase of expressing interest in establishing a financial leasing company.
● Certified copies of the last three duly audited budgets of legal persons contributing to the establishment.
✔ License application: The phase of applying for a license.
✔ Duly licensed application according to the approved form
✔ The company's Articles of Association: The phase of applying for the licensing of the deed of association and the company's articles of association.
✔ Organizational structure: Phase of applying for a license.
✔ Economic feasibility study: The phase of applying for an economic feasibility study of the company, the strategic plan, and the expected financial statements for the next five years.
✔ Data on the names of the members of the board of directors:
1) License application phase
✔ Data on the names of the chairperson and members of the board of directors and the general manager of each legal entity contributing to the founding of the company, their nationalities, and the percentage of their contribution to the capital of these entities.
✔ Regulatory authority approval:
✔ The phase of applying for a license.
✔ Approval of the foreign entity’s regulatory authority at the company’s headquarter.
✔ Company Registration Application: registration phase.
✔ Submit a duly dated and signed application from the company for registration, along with the required data hereunder.
✔ Address of the company's headquarter:
2) Registration phase
✔ The company’s main center address and contact details (mail-phone-fax).
✔ Statement of the expected date of commencement of work.
✔ Registration phase.
✔ Expected date of commencement of work.
Financial guarantee
Registration phase
Providing a financial guarantee of 10% out of the company's capital for the Central Bank of Syria or the Real Estate Finance Oversight Commission, according to the company's purpose.
- Payment notice:
Registration phase
Payment notice issued by one of the operating banks, which includes information about the company's capital.
- Payment notice:
Registration phase
Payment notice that includes information about the company's registration expenses at the Treasury of the Central Bank of Syria
Company registration certificate:
Registration phase
Company registration certificate listed in the Commercial Register.
- Copy of the decision permitting licensing:
Registration phase
Copy of the decision permitting licensing published in the Official Gazette.
- Copy of the company's articles of association.
- Registration phase
Certified copy of the company's articles of association issued by the Ministry of Internal Trade and Consumer Protection.
- Data on the names of the members of the board of directors:
Registration phase
- Names of the members of the board of directors and the CEOs of the company.
- Undertaking:
Registration phase
Undertaking to inform the Central Bank of Syria of the amendments that might occur to the provisions in the register of financial leasing companies and Islamic leasing companies.
Statement of all by-laws and statutes set by the company:
Registration phase
Providing all systems set by the company (personnel and operations systems)
- Requirements:
- Approval by the Real Estate Finance Oversight Commission, if the company’s purpose is real estate finance.
- The issuance of the decision approving the license by The Central Bank of Syria.
- Approval of company registration and commencement of work.
- Consent to provide any other information application by CBS.
- Service Classifications:
Citizens
