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Foreign Investment
| Information presented in this booklet is intended for general use and may change without prior notice. For up-to-date and detailed data, please consult your legal adviser . |
| All rights reserved by the author. |
| First edition 1995 |
| Second edition 1997 |
| Published by : |
| IRAN CHAMBER OF COMMERCE, INDUSTRIES AND MINES |
| if I decide to invest in the Islamic Republic of Iran, what advantages or risks should be expected? What legal guarantees are there for protecting my capital and how will I be able to transfer may profits abroad? These and tens of other questions have boggled the minds of potential foreign investors during the years following the Islamic evolution in Iran. In addition, different and at times contradictory - interpretations of the laws and regulations pertaining to foreign investment have added to this confusion. Below, we shall try to answer the fundamental questions concerning the existing criteria for foreign investment in Iran. |
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Are there specific laws concerning foreign investment in the Islamic Republic of Iran? |
| Indeed there are. The Law Concerning the Attraction and Protection of Foreign Investment in Iran, passed in November of 1995, and the rules for its execution ratified in 1956, are the governing guidelines in this respect. The law Pertaining to the Establishment of Free Trade- industrial Zones in the Islamic Republic of Iran approved in 1993, and the Regulations Governing Capital investment in the Free Trade-Industrial Zones in the Islamic Republic of Iran approved in 1994, have specified the manner in which a foreigner can invest in Iran. Note 22 of the Law of the Second Five-Year Economic, Social and Cultural Development Plan of the Islamic Republic of Iran, has also confirmed that foreign investors may invest in various economic sectors in partnership with Iranian nationals. |
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According to the law Concerning the Attraction and Protection of Foreign Investment in Iran and the rules made thereunder. who is entitled to investing Iran? |
| Only private individuals, companies and establishments of foreign origin are allowed to invest in Iran. |
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According to the said law, in what areas are foreign investments allowed? |
| Foreign investment is allowed only in the fields of development, and industrial, mineral and agricultural production, transportation, and related activities. Financing institutions providing assistance to Iranian establishments, engaged in the aforementioned activities, are also entitled to the advantages issuing from the Law. |
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What about the services sector ? |
| Services performed independently of foreign investment activities do not fall under the framework of foreign investment laws, unless they are connected to one of the said fields. |