COMPARISON OF LLC, PSJC, BRANCH AND REPRESENTATIVE OFFICES IN IRAN

Posted on Posted in Business Guidelines

Comparison of LLC, PSJC, Branch and Representative Offices in Iran

 

 

LLC

PSJC

Branch

Representative Offices

Legal Personality   

yes

yes

no

yes

Minimum number of person to set up the entity

2

3

1

1

Business scope (license might be required)

Not limited

Not limited

limited

Limited

Minimum Capital

1,000,000 Rials ($30 USD)

1,000,000 Rials($30 USD)[1]

No minimum requirement of capital

(except in banking and insurance sector)

No minimum requirement of capital

(except in banking and insurance sector)

Requirement for Appointment of Iranian Administer

No

No

Yes

Yes

Requirement for Appointment of Iranian Director

No

No

No

No

Physical address in Iran

Yes

Yes

Yes

Yes

Exemption from tax and social security of employees in Iran

No

No

No

No

Registration Process (document preparation, length and complexity) easy, medium, hard

Easy

Easy/Medium

Medium/Hard

Hard

Working Visa and Permit for Employees

Yes

Yes

Yes

Yes

 

[1]At least 35% of capital shall be deposited at banks and the rest shall be obligation of shareholders.

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