Questions and answers related to foreign investment
General Information
1-Is foreign investment in Iran permitted?
Foreign investment is Islamic Republic of Iran, on the bases of
current laws is permitted. Every foreign investor , can invest in order to
development and prosperity and production activities in any field such as industrial
mine , agriculture and services only those investment would be supported by the
investment promotion law that have got permission from the authorities of I.R.
of Iran .
2-What is the target of accepting foreign investment?
The target of acceptance of foreign investment is economical
progress and development, increasing of job opportunities, gains and develop
technology and management skill and increasing the quality of productions and
increasing the power of exporting of the country.
3-On which legal and agreement frame work, foreign investment can be
done?
Foreign investment can be done in all legal partnership (as direct
investment) or agreement regulations. We mean by agreement regulations
different methods of financial support, which can be done on the frame work of
civil partnership buy back and different methods of construction, usage and
transfer
4-What are the specifications of supervision of ways of foreign
investment?
A) Legal partnership (direct investment)
We mean by partnership, share investment of foreign investor on an
Iranian company either existed or being establish. The amount of share of
foreign investor in Iranian company has no limitation and foreign investor
equal to his/her investment has role on management and run of the company.
B) Agreement specifications
Foreign investor on the framework of agreement specifications such
as civil methods , buy back , construction , utilities and sell , can be
applied , return of capital and its interest on this kind of investment are
gained through economical function of the plan and investment , no guaranteed
by banks or companies or government .
5- Direct foreign investment is allowed in which sectors?
Foreign investment is allowed in all sectors, which private sector
can work on them.
6- Foreign investment on framework of agreement specifications is
allowed on which sectors?
Foreign investment is allowed in all economical sectors except for
the sectors which is done by government, foreign investment can be done only on
framework of agreement specifications which are subjected on row B of Article 3
of foreign investment.
7- What king of legal system is going to be applied in foreign
investment (FI)?
On the bases of Iran’s trade law, 7 kinds of companies and legal entities
can be established which among them stock company on which the capital is
divided in shares, is more common, and the most acceptable legal formation.
(For more information about how to establish a share Hold Company in Iran goes
to the publication of investment organization).
8- For investing in Iran should we have a local counterpart?
Having a local counterpart is not a must , but because local
counterpart is familiar with the labor condition , regulations and labor
relations using local facilities , which can be prepared by local people , so
they prefer to have a local counterpart .
9- What is the permitted amount of investment in Iran?
There is no limitation for FI in Iran.
10- What are the proportions of %35 and %25 mentioned on the raw D
of Article 2 of FI law?
Those proportions has nothing to do with the percent of FI and as it
is said in question no.9 there is no limitation on the percent of foreign share
holding on Iranian companies. Mentioned proportions are applied on the value of
goods and services which are produced by FI in all the country that on every
sector the minister of the economical sector will calculate on the time of
issuing FI permission.
11- Is investing on the oil and gas on the higher level permitted?
Direct FI on the high level of oil and gas no, but
FI on the frame work of specifications of regulations is possible.
12- Is it possible to use foreign trade names on the FI in Iran?
Using names and trade names on all the fields is permitted.
13- Is it possible to invest on the companies which are accepted on
the bourse?
The is no restriction on the FI on the companies which are accepted
on bourse , and foreign investors which are interested to buy the shares of
these companies are suggested before buying these share to get the positive
idea of investment organization to be covered by the FI law .
14- What do we mean by special trade zone and how many of them exist
in the country?
Special trade zones are surrounded customs area on which import and export
of goods machineries and equipments to these areas are away from the customs
law. There are 22 of them in the country.
15-Is there a difference among free trade zone and economical
areas and main land?
Investment in free trade zone has special rules. We mean by free
trade zone the areas that are known by this name and now we have 7 areas, Kish,
Geshm, Chabahar, Anzali,Alvand,Aras,and Makoo. The areas which are called,
special economical areas, are a part at main land, and investing on them is like
investing on the main land. On the present time regarding the coverage of the
law of foreign investment on I.R Iran , the FI which takes place on free trade
and industrial areas of I.R Iran can enjoy the benefits at the law , if they
have got the permission for investment.
16-what is the difference between Iranian and foreign companies
regarding Iranian rules?
“Iranian company” is a company which is established and
registered on the bases at the trade law of Iran,
even if all the shares at this company belong to a foreigner.
“Foreigner company” is a company which its brunch or agent is
registered in Iran, but the main company is out of Iran.
17- Is it possible to establish a branch or an agent of foreign
company in Iran?
Yes, any foreign company for marketing , expanding trade affairs and
doing their agreement commitment can register a branch or an agent of the main
company in Iran , for establishing a branch or agent in Iran there are special
regulations , and the applicants should directly refer to the general office of
company registration and industrial possession.
18- is opening an agent or a branch of a company considered FI?
No , Establishing an agent or a branch is no considered as FI , and
any kind of investment should be by establishing an Iranian company or sharing
on an existing Iranian company an direct FI or an the framework of
specifications of agreement(for more information refer to questions no.3 and 4)
19-what specification do industrial towns have and what facilities
are offered there?
Industrial towns are places which are established by the industrial
towns of Iran co, which is affiliated to the ministry of industry and mine in
all over the country and on the industrial zones as pre-planned towns and are
ready to use by investors. Even in some of them the factories and industrial
workshops are prefabricated and ready to give to the applicant. Important point
on these towns is access to the services and networks of infrastructures such
as water electricity telephone and gas also transportation systems.
6-2-2- promotion and protection of foreign investment law
(PPFIL)
20-what is the law applied to the foreign investment in Iran?
The law applied to the foreign investment in Iran is “PPFIL”
approved on 1381 (2002) which on this text we would call it foreign investment
law [FIL] the realm which this law covers is all the land of I.R. Iran
and all the foreign investment can invest on the bases of this law in the
country.
21-what is the role of (PPFIL) on FI on free trade zone?
Although FI in free trade and industrial zones obey the regulations
on investment in free areas but this is possible for foreign investors, to
invest in free area and enjoy the facilities of the law.
22what does” protection” mean on FIL?
We mean by protection enjoying special facilities which on the bases
of FIL is prepared for the investor. In other world those investment which are
down through different ways rather than the law will not enjoy those
facilities.
23-what are these rights and facilities?
The most brilliant rights which belong to the foreign investor are
as follows:
-The right to transfer the interest and capital and its earnings in
foreign exchange.
-The right to get loss which is resulted from taking away the
possession and becoming foreign capital, as national.
-Getting loss resulted from approving laws which will shop project
and agreement of foreign investor .
-Enjoying the equal condition with the domestic investors.
24-are there other facilities for foreign investors?
Yes other facilities written on the PPFIL and its regulations are
said are as follows:
-Transferring the gained money from investment and technology
transfer.
-Transferring the capital and the interest gained from it.
-The possibility of referring disputes to international courts .
-Using foreign experts on the investment related affairs.
-Exporting without commitment to bring back the gained interest.
-Keeping the foreign exchange [which is resulted from export] out of
the country.
-Not commitment to obeying the rules about pricing, distribution,
and other domestic rules.
25-on investment permission what issues are subjected?
On investment, Iranian and foreign, the counterparts kind of the
method of investment, percentage of the share and the amount of F I, the way to
convey the interest and other conditions about investment are explained.
26-who can invest in Iran?
All the legal and real entities or companies, institutes
international organizations and also real and legal entities from Iran which
their capital originated from foreign countries can invest and enjoy it
benefits on the bases of PPFIL
27-is it possible to cover Iranian investment with FIL?
The bases of PPFIL and enjoy its facilities on the bases of PPFIL
and enjoy its facilities but the origin of their capita should be foreign and
beside it he/she should give documents that show their economical activities in
out of Iran
28-does permission for investment has a limited valid time?
Yes , and if on the given the foreign investor did not bring a parts
of foreign capital to Iran , his permission for investment will be omitted , it
is necessary to say that for each project the group of expert have allocated a
time to do it .
29-How we can extend the license of investment
Foreign investor before finishing the time of validity of the
permission , by giving acceptable reasons will apply to extend the permission ,
the board of investment with study the request of extending and in case of
accepting with give an extra time to the investor.
30-Do foreign governmental companies can invest in Iran on the bases
of PPFIL?
Foreign governmental companies can invest in Iran on the bases of
PPFIL.
31-What are the FI fields in Iran?
FI fields in Iran are really various and all fields of production
such as , industry , mine , agriculture services and all activities which
end to production and constructive activities .
32-Doing just trade activity can be considered FI?
Doing just trade activity can be considered as FI , but doing it
along side with production which complete production trend on the approved
projects is possible.
33-Is FI on services will be supported?
FI on services sector can be supported and will enjoy the benefits
of this law.
34-Does government support will cover the FI automatically?
For enjoying FI law, the investment should have permission on the
bases of this law.
35-Proviously invested projects and is not supported how and when
can be supported by the FI law?
Previously invested projects if got the permission and had new value
added can be covered by FIL.
36-Is it possible to have FI on the existing projects?
Regarding the FIL there is no difference between existing projects
investment and a new project. and all the foreign investors can invest on new
or existing projects but on the existing corporations in order to benefit from
the advantages of FI it is necessary to get permission and this investment
should add new value added , and can end to increase on investment and enhance
management , expand export and increase of technology , on the same corporation
.
37-How FI is acceptable on economical corporations?
Regarding the acceptance regulations, these types of investment
after getting permission, if added a new value can be covered by the law and
enjoy its benefits.
38-If a foreign investor decided to invest on an existing company
and buy its share, what are the ways to increase investment?
Foreign investor can besides buying share, through registering new
share or use the right of other share holder’s stat to take part on increasing
the capital of company.
39-Agreements for construction. Utilize and selling (BOT) on which
framework falls?
The suggested structure for agreements BOT and others (like BOOT and
BOO and ...) can be done through registering a branch of FI in Iran and
by establishing an Iranian (Project Company).
40-What do we mean by possessive right?
We mean by possessive right, the right which is gained by possession
of assets which is gained by agreement which is recognized on the FI, which is
extended to the possession, utilize and exploitation.
41-What do we mean by possessive right on BOT projects?
Possessive right is the possession which is gained by agreement and
could be transferred to the Iranian counterparts.
42-Is it possible to have a bank account in out of Iran to have the
income gained from legal export?
Opening an account in out of Iran to keep the income gained from
foreign investment and its export is legal and it means the access of foreign
investor to exchange gained from export, and for getting the interest of the
share and other payments.
43-If there is a must for returning the foreign exchange from export
to common companies and investment units?
No, all in all there is no commitment to return the capital gained
from export, and it is up to the investor to use it in any case he wants
44- Can investor insure his capital? What kind of insurance?
Foreign investor can insure capital for non-trade dangers
[political] with the insurance companies of the country. If because of the
agreement of insurance investor got some money, the insuring institute as the
vice president of the investor asks for loss which is related to the investor.
45- Disputes between the Iranian and foreign investors and
government and foreign investor, where should be solved? How to solve these
kinds of problems?
Related to the agreement between the investors, and is considered as
the internal agreement. But if the dispute is between the Iran’s government and
the foreign investor, referring the dispute to foreign and international courts
is on the bases of agreement between Iran’s government and the government of F.
investor.
6.2.3) Admission Regime
46- The trustee of acceptance and support from FI in I.R. Iran is up
to which organization?
The investment organization and economical and technical helps is
the only central , governmental institute , which on the bases of law is
responsible for it . The permission for foreign investment is issued by the
organization.
47-Is getting permission necessary for all the FI?
Yes, it is necessary to get permission for all the foreign
investment, the license for these kinds of investment are issued by the
signature of the minister of economical affairs and finance, i.e. any FI needs
separate permission.
48-What is the process of issuance to FI? Which documents are
necessary?
Process of issuance of license is very simple and short
.Request of F. investor will go to the organization and in 15 days will be
reported to the board of FI. And after that the permission will be issued
the needed documents would be a form of application, and other documents which
are mentioned on the form.
50-what services are offered by the investment organization to the
FI?
The organization offers consultancy in all the related fields, and
for this F. investor will have contact with the FI service center organization
and this will save time and energy for the F. investors.
51-What does investment service center mean?
Investment service center is a center for F. investors which are
located on the organization, on this organization there are representatives
from different offices and to help and answers to the follow ups down by the
investors, and because investors will refer only to 1 organization then they
will save time and energy.
52-Does organization offers other helps, rather than consultancy?
The organization besides offering consultancy services offers the
followings too:
-present all the rules and regulations about foreign investment
-introducing the opportunities for FI
-cooperation with different organizations for getting their
inquiries for investment
-finding suitable counterparts including domestic of foreign
-doing current affair and trying to solve disputes of investors
-planning visiting and holding meetings with different organizations
6.2.4) Foreign Investment FI
52-What are the types of FI?
For FI there are different types and besides including cash
investment contains
Non-cash such as machineries, equipments, parts, raw material,
technical knowledge, and special services are also contained (for more
information see article 2 of executive regulations of PPFIL)
53-Are all types of foreign exchange accepted for FI?
Only those foreign exchanges which are accepted by central
bank of I.R. Iran as an acceptable exchange.
54-How cash capital enters to the country?
It should enter through bank system or any formal system which is
accepted by central bank of Iran naturally the exchange should be accepted by
central bank of I.R. of Iran.
55-Should the entering money changed to Rial ?
That part of the cash capital which should be changed to Rial will
be calculated on the bases of the day rate of foreign exchange, and will
transfer to the account of the company.
56-Is it possible no to change the entering exchange to Rial and keep
it to use on some foreign orders?
The foreign cash which can be changed to Rial , can be kept as the
foreign exchange and not changed to Rial , for spending of foreign orders .
keeping the foreign exchange without changing to Rial will protect the capital
from the fluctuation of exchange rate , and gives the fortune to him/her to use
it whenever it is necessary .
57-Exchange of arrived foreign exchanges will be done with which
rate?
The rate for calculation is the formal rate on the formal money network
of the country or with the free rate of the day on the bases of recognition of
the central bank of I.R. of Iran.
58-Is it possible to evaluate FI for the time of investment?
Yes for the time of FI either it is cash or non-cash it is necessary
to survey the time of FI, about the cash and non-cash capital the rate of
national bank is considered on the day of entrance.
59-The entrance of machinery, equipment, parts and raw material
(non-cash Capital) what formalities are necessary?
The entrance of non-cash capital for FI do not need the formalities
necessary for the import of trade goods , and on the bases of investment
organization suggestion would be offered on a list and would be registered on
the commerce organization and then directly imported to the country .
60- Does it mean that the import of non-cash capital does not need
to have permission for not making, allocating foreign exchange and opening LC?
Yes, it is not necessary to have permission for not making or
allocating foreign exchange or opening LC .
61-For importing technical knowledge which regulations should be
obeyed?
As it is said on answering q.no.54 and 60 technical knowledge and
especial services are other types of foreign capital and should be evaluated
and then registered as foreign exchange but before importing technical
knowledge it is necessary to check with the related ministry.
62-Is it legal to pay for license right or royalty to the foreign
investors?
For sure technical knowledge is not considered as FI then the
related amount or royalty approved, should be paid to the offered of the
technical knowledge.
63-What is the norm to pay the license right or royalty to the
foreign counter part?
In any payment method the value of imported goody should be
considered a calculating license right or royalty , and the total amount after
deducting the value of imported good should be paid to the license holder , in
other words on the bases of current rules , paying license right or royalty
would be calculated on the bases of domestic value added .
64-Is it possible to register an invention or trade mark in Iran?
Industrial and ritual ownership such as registering an invention and
trademarks and trade names on the bases of the law of inventions and marks
registrations are parts of legal supports.
65-Is it necessary to give the list of non-cash capital before
importing them?
Yes, foreign investor before importing should give the in detail the
non-cash capital containing technical specifications, the name of producer, the
year of production and price along side with their booklets to the investment
organization, and after the list approved then the non-cash capital can be
imported in one or more parts without any formality for importing.
66-Does importing technical knowledge need to be surveyor previously?
Any kind of special services price , which enters to Iran either as
capital or will have payment for it on future , should be given to the
investment organization along side with the related text of agreement ( if it
exists ) and investment application . The investment organization with the
cooperation of related ministry about the necessity of getting technical
knowledge and its value will do necessary consultations.
6.2.5) Foreign Exchange Transfer FET
67-What do we mean by foreign exchange transfer?
FET means transferring all amounts including the entire amount
gained from FI or other amount which transferring them would be as F. exchange,
these transferring will take part in 2 layers:
-transferring capital including the interest of share of interest of
capital, transferring the capital itself or its incomes , transferring amounts
for compensating
The loss which happened because of omission of possession
right or confiscation foreign capital.
-other transferring including those which are gained from agreement
an invention , technical knowledge technical and engineering helps , trademarks
and names and a like agreements .
68-Is there a restriction for transferring money?
No, there is no limitation legally every year transferring the
amount of money.
69-How the foreign exchange for transferring is supplied?
Supply foreign exchange for transferring for investment will be
through the bank system and in some cases from the exchange which is gained
from export or offering investment services; in any case supplying foreign
exchange is mentioned on the investment license.
70-which formalities are necessary for transferring foreign exchange
for FI?
Basically, any kind of transferring foreign exchange including
transferring capital and so on will happen by formal request of foreign
investor or common company and invest accepting company from behalf of foreign
investor, and all the transferring will be pay able after deducting legal
deductions, to the foreign investor.
71-If on the bases of special regulations, or government decision
the invested projects product could not get
Permission for export, then how the exchange for transferring
capital and its interest will be supplied?
On exceptional cases if the product could not get permission for
export, the foreign investor can offer it to sell in domestic market and with
the gained many can buy exchange to transfer that is clear that investor can
export other permitted goods.
6.2.6) Tax and Customs affairs
72-What is the rate of tax for legal entities in Iran?
The rate of tax for companies in Iran is 25percent (25%) of their
income. which would be calculated in tax (Article 105 of the law for direct
taxes).
73-Is the rate of tax for Iranian and foreign companies the same?
The rate of for both of them are the same (For branches and agents)
25 percent (25%) which would be applied equally (for differences between
Iranian and foreign companies refer to question no 16 ) article 105 of the law
and its note .
74-The agents and branches which only do the marketing for the main
company also are included in direct tax law ?
No, the agents and branches of foreign companies which do marketing
and gather information for main companies and for their expenses get salary
from them are not included in tax law (Note 2 article 107 of the law of direct
tax).
75-How the tax calculated for shipping institutes and air lines?
The tax for shipping institutes and air lines is on the bases of the
fares they get from carrying passengers and goods and 5 percent ( 5% ) of total
amount will be calculated as tax either that money is in or out of Iran or on
the way ( Article 113 of Iranian tax law ) .
76-Do in comes from agreements for technology transfer , such as
technical knowledge engineering and technical services , payments for license
right and royalty , will be contained an tax law ?
Yes incomes gain from transferring rights related to such kinds of
agreements which are considered as the income of foreign entities about 20
percent (20%)
To 40 percent (40%) of their yearly incomes will be included in 25
percent (25%)Tax (Note 2 article 105 row B articles 107 of tax law)
77-How we get tax from contracting agreements?
Incomes gained from contracts of foreigners in Iran for construction
operations, technical installations and preparing the needed goods or
transportation preparing building plans, mapping, topography, supervision,
technical calculations and offering trainings and technical helps, transferring
technical knowledge and offer services in all cases will be calculated 12
percent of the yearly income ( Row A ,Article 107 ) in contract operations
which contractor is ministry or institution and governmental companies or
municipalities that part of the amount of agreement , which is used for buying
tools and equipments will not be included on tax if those are listed separately
from other items of the agreement . (Note 2 Article 107 of tax law)
79 – How the tax will be calculated on the projects which are
constructed utilizes and transferred?
Calculating the income of FI which is done through construction
utilize and transferred in Iran through surveying to legal note books and after
deduction of acceptable expenses , 25 percent fixed rate would be applied (
Article 106 and 105 of law tax of Iran )
80 – How the tax of salary of foreign experts is calculated?
The rate of tax of income of people including Iranian and foreign is
from 15 to 35 percent of their tax included incomes, concerning the class of
income they belong to (Article 131 of tax law of Iran)
81 – What is the tax rate of transferring the shares of companies on
bourse?
From each transfer of the share of companies on bourse, about
%0.5 value added for selling share will be paid as tax.
82 – How much is the amount of tax of transferring the share of
other companies?
From each transfer of the shares of companies about 4 percent will
be paid as tax (No 2 Article 143 of tax law)
83 – What is the amount of customs offices?
Customs expenses, tax, the amount for register of goods, all
gathered expenses for importing goods and are 4 percent tax , which are added
to the total amount . All of these payments and commercial interests, which on
the bases of approvals of the board of ministers, are allocated are called
import fees ( the bill of gathering expenses are being surveyed in the
parliament )
6-2-7) Promotions tax and customs omission (exemption)
84 – What do we mean by tax omission and which cases it contains?
We mean by tax omission, the tax which we have paid to the income
resulted from activities on industry, mine and production. In Iran companies
should pay tax to the interests of the shares which are considered as tax of
real entities which is deducted on the source and is paid to the local tax
organization. (Article 132 of direct tax law (DTL)
85 – What are the tax omissions and on which conditions are applied?
A) Tax omission for industry, mine and productions
-The income containing declared profit tax, gained from
production and mine activities on corporation and private sectors from the
production or extraction time, for 4 year they will not pay tax (Article 132
DTL)
-That part of declared profit gained from corporation and private
companies which are used for renewing expanding, constructing new factories or
existing factories. 50 percent of their tax will be omitted (Article 138 DTL)
B) Tax omission on agricultural sector
the income gained from this sectors such as agriculture , live stock
, fish farming , bee breading , fishing , renewing jungles , gardens trees ,
and so on are free from paying tax for ever without time limitation . (Article
81 DTL)
C) Tax exemption on Tourism.
All the Iran and world touring centers which license holders from
the ministry of culture and Islamic guidance every year 50 percent of their tax
will be omitted (Note 3 Article 132)
86 – Are there conditions for enjoying omission of tax?
Yes, Tax exemption is possible for industry and mine sectors when
those units located 120 Km away from Tehran and 50 Km away from Esfahan and 30
Km away from the center of provinces, and cities which have more than 300,000
populations (Industrial Zones which locate within 30 Km of center of provinces
and mentioned cities are exceptions) (Note 2 Article 132 DTL)
87 – Does locating units on poor areas will extant the time of tax
omission?
Yes, 100 Percent of income of the factories which established on
poor areas will be free from tax (Article 132 DTL)
88 – Is it clear that which areas are considered poor areas?
On the beginning of each economical development program, a list of
poor areas are prepared by the organization of management and planning, and
ministries of financial and economical affairs and industry and mine and are
approved by the board of ministers . (Note 2 Article 132 DTL)
89 – Regarding the tax omission, is there a difference between
special economical zone and other Maine lands?
Regarding the tax omission, there is no difference between special
economical zone and other main lands in fact tax rule on both areas are the
same.
90 – Is the income gained from export free from tax?
Yes, 100 percent of income resulted from exports of finished goods,
which are industrial agricultural, and processed, and also 50 percent of
incomes gained from export of non – oil products are free from tax (Article 141
DTL)
91 – How is tax exemption of goods transited?
100 percent of income gained from exporting of different goods which
pass through Iran, without changing it or doing anything of them, their tax
will be exempted (clause B Article 141 DTL)
92 – Do companies which are accepted on bourse beside exemptions
which is allocated to industrial and mine, agriculture and tourism will enjoy
other tax exemptions also?
All companies which are accepted on bourse, if they transfer their share
on bourse about 10 percent of their tax would be omitted (Article 143 DTL)
93 – Do machineries and equipments which are imported for production
activities enjoy customs duties exemption?
On the bases of ongoing rules production machineries, with the recognition
of related ministry, will not pay any customs duties but for equipments and row
material they should pay customs duties, but changes on customs exposes will be
announced after approval of expense gathering bill.
94 – Is it possible to transit in, raw material for production
purpose and then export it as final product, with customs duties exemption?
Yes, to the cases that raw material transited to the country and
used to produce, customs duty exemption will be applied to it, and if in any
case it has been taken first then it would be returned after the export of the
good
95 – The second hand machineries and equipment which enters to the
countries, in what price will be calculated in customs office?
All the goods which imported to the country would be calculated on
the brand new price, and only machineries and equipments which are imported for
production line would be calculated in its real price (Second hand) .
6-2-8) Facilities for entering and staying in Iran
96 – What facilities the organization of investment and technical
and economical affairs will apply for the entrances of experts and goods?
The organization will introduce the f. investors and their relatives
to the foreign affair , either short time long time and many times entrance up
to 3 years ( with the 3 months entrance for 3 years and extending till one year
) foreign investors with Iranian companies can send the specification of the
applicant and explain why he / she should be in Iran , ask for visa that is
necessary to say that does not mean that for getting visa we must enter from
this organization only , but everyone can refer to the Iran’s embassies all
around the world and apply for visa .
97 – Is there facilities for staying in Iran or issuing employment
license?
In case of necessity the investment organization will offer helps on
this field to the f. investors.
6-2-9 ) miscellaneous
98 – With which countries Iran has signed an agreement for not
getting extra tax and the time being is applicable?
Iran from the early time of before revolution on 1964 signed
agreement for not getting extra tax with two countries of French and Germany
and after revolution Iran signed agreement with 19 countries, which the last
steps of approving them are being taken.
99 – With which countries Iran has signed agreement for supporting
bilateral investment with 40 countries, and the process of final approving it
is taking place.
100 – Has Iran signed unilateral agreement of FI protection?
Yes, Islamic republic of Iran has joined to the organization of Islamic
conference for F.I. protection and is planning to sign some multilateral
agreements with the countries which are members of economical co operations
organizations.
101 – Has Iran accepted to be member of multilateral agency of
securing investment?
The membership of Iran an multilateral agency of securing investment
has been approved and goes on the last steps of it is being surveyed in Islamic
parliament. But the rights of investors are covered in front of non – trade
dangers through the PPFIL and also bilateral and unilateral agreement and
support of investment is a must.
102 – A potential f. investor should be aware of which laws?
The PPFIL and its regulations, which support the investors it is
suggested to study the following laws too :
- The
trade law the part related to share holding CA
- Export
and import laws
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