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Importing Process in Iran (Part 3)

The next step in the importation of goods is instructing a valid inspection company. Usually the company instruct an inspection agent in the supplier`s country. The cost of inspection is mostly paid by the supplier unless otherwise agreed. When inspection is done, the company shall instruct a forwarding agent. The forwarder may use land, sea […]

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Importing process in Iran (Part 2)

As mentioned before, payment method is a very significant step in organizing importations. Generally, we have two types of payments in Iran: advance payment and LC. In advance payment, the company pays the fee and other costs in cash, without the involvement of any bank. Actually, due to monetary limitations in Iran, Iranian companies usually […]

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Importing Process in Iran (Part 1)

By the advance and development of business and commercial policies in recent years in Iran, many foreign companies and traders have entered Iran and started their business in a wide range. Importation of goods is known to be an inseparable part of business for all those domestic and foreign companies. They need to supply special […]

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Upcoming Iranian New Year (Norouz)

According to Iranian culture, Iranians celebrate coming of new year which is coincident with coming of Spring. New year celebration which is called “Norouz” starts from March 20th and lasts for 13 days. Almost all offices and organizations are off for four days (March 20th to 24th). In Norouz, people visit each other`s houses and buy gifts […]

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Iran is able to meet four percent of the global demand for zinc

Iran is able to meet four percent of the global demand for zinc, said Minister of Industry, Mineand Trade Mohammadreza Nematzadeh. He made the remarks in a signing ceremony of an investment contract for the construction of zinc-lead plant in Mahdiabad mine in Yazd Province on Saturday, imidro.gov.ir reported. The minister hoped to launch the […]

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France to Issue Loans to Firms Investing in Iran

French Finance Minister Michel Sapin said Paris is working on plans to issue direct loans to companies eager to invest in Iran. “We are trying to help these companies,” Sapin told reporters at a joint press conference with his Iranian counterpart, Ali Tayebnia, in Tehran, Bloomberg reported. “They will be able to apply for loans, […]

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New Great Opportunities for Doing Business in/with Iran

After a recent field trip to Iran, HKTDC Research published the first article of its Iran series, Iran Unbound: A Land of Business Opportunity, to provide an update on the country’s broad economic development and business opportunities following the removal of nuclear-related sanctions. This article, the second in the series, supplements the first by taking […]