Foreign Investment Service Center

Foreign Investment Service Center  The Center for Foreign Investment Services (the Center)was established at the premises of the Organization for Investment, Economic and Technical Assistance of Iran, pursuant to Article 7 of “ the Foreign Investment Promotion and Protection Act” of 2002. The Center is intended to provide an efficient organization for streamlining and expediting […]

Employment of Foreign Nationals in Iran

Employment of Foreign Nationals in Iran Foreign nationals are prohibited from working in Iran unless they receive work and employment permits (even if they are supposed to receive wage and salary outside the Iranian territory). The work permit serves as the employment license for the foreign nationals in Iran. The work permit for the employment […]

Investment Licensing Procedure

Investment Licensing Procedure Investment Licensing Procedure   Documents Required by the OIETAl for the Isuance Of Foreign Investment Licensing Procedure 1. Application form 2. Establishment License / Primary agreement / Preliminary agreement of the pertinent Iranian organization 3. Official letter of the foreign investor to submit to the OIETAl  4. The foreign investors background including  […]

Iran at a Glance

Iran at a Glance  Official name  Islamic Republic of Iran   Head of State  President H.E. Dr. Hassan Rouhani  National Day  11th of February (Islamic Revolution of Iran-1979)  Capital   Tehran  Area  1,648,196 sq km  Land boundaries  4,137 km  Sea boundaries  2,700 km (Including the Caspian Sea)  River boundaries  1,918 km  Border countries  Afghanistan, Azerbaijan (Nakhichevan), […]

First Europe bank to open Iran office

First Europe bank to open Iran office RBI is in “intensive talks” with Iranian banks as Tehran is rejoining the international banking system, its board member Peter Lennkh said in an interview with Austrian newspaper Wirtschaftsblatt. “We are already working on the preparations and want to offer our customers everything the sanctions relief allows,” he said. […]

Iran stocks rally to one-year high

Iran stocks rally to one-year high “Since the implementation of the nuclear deal last month, the stock index has experienced 15% growth in terms of share turnover alone,” Tehran Stock Exchange (TSE) spokesman Hamid Rouhbakhsh was quoted as saying. The volume of daily trading has increased from $40 million to $133 million since the implementation […]

‘Russian companies gearing up for Iran business’

‘Russian companies gearing up for Iran business’ The New York Times report on Monday said different Russian companies are in line to get back to Iran after last month’s sanctions lift. Russian aircraft maker Sukhoi wants to sell its Superjet airliners to Iran’s transportation market while Avtovaz has started talks to open an assembly plant […]

Iran tourism industry attracting attentions

Iran tourism industry attracting attentions Iran is making a fresh pitch for tourists with the recent lifting of economic sanctions providing an opportunity to cash in, AFP wrote in a report on Thursday. Tourists, and the healthy revenues they could generate, are among the huge economic changes stemming from the nuclear deal. Ski resorts, UNESCO-listed […]

Litigation Process in Iran

Litigation Process in Iran Litigation process in Iran falls into two categories. They are known as legal and criminal claims. We will go through them briefly and separately. Criminal claims: Each crime has a public aspect for which attorney general , as the representative of people, is responsible to protect society and its benefits from […]

Seoul to finance South Korean firms’ projects in Iran

Seoul to finance South Korean firms' projects in Iran  “Government-wide assistance will be offered so businesses can gain access to the resource-rich country,” Minister of Trade, Industry and Energy Joo Hyung-hwan said. He was speaking to a group of senior executives from Hyundai Motor Co., LG Electronics Inc., Daelim Industrial Co. and other South Korean […]