A Review of the Iranian Tax System

A Review of the Iranian Tax System 1. Tax Bases and RatesThe Iranian tax system is divided into two general categories of direct and indirect taxes. The share of direct taxes from the total tax revenues is almost 68% currently. There are two major types of direct taxes including income taxes and property taxes.  Each category […]

Labor Law

It would be impossible to enter any aspect of domestic or international commerce such as agency, import, export, brokerage and commissioning, unless the needed human resources are supplied. A valid concern of capital owners, and of course a potential problem of investors, is skillful management of employer-employee relations which would enable them to make use […]

Domain Name

Registration or reservation of country code Top Level Domains (ccTLDs) under ( .ir ) and ( .co.ir ) are fulfilled in Iran provided that certain conditions are met. The conditions include: The requested domain should be under the registration of, or otherwise uniquely connected with the applicant. The domain should not belong to a list […]

Dispute Settlement

Confidential settlement of disputes with minimal costs is a major concern of commercial companies. To achieve this goal, referral of disputes to arbitration or Alternative Dispute Resolution methods is preferred to any form of litigation in domestic courts.  However, this is not the end of the story since weak management and control of disputes could lead […]

How to Be Exempted from Tax Payment in Free Zones

According to article 13 of the law “on the management of free commercial-industrial zones” , ratified in 1993, legal and natural entities who are engaged in performing economic activities in free zones are exempted from paying taxation of their economic activities for 15 years (from the date of beginning their activity). Nowadays, some companies establish […]

Rules on the naming of companies in Iran

Naming companies in Iran has its own procedures which includes following related rules and regulations, obtaining necessary permission, and presenting incorporation papers. The applicant for naming a company shall be one of the members or a shareholder or their lawyer (shall present lawyership notice). The same or similar names cannot be applied again which will […]

LLC vs Private Joint Stock Co

The members of a private joint stock company must not be less than three but the members of a LLC must not be less than two. At the time of formation of the private joint stock and LLC company, the share capital of the companies must not be less than one million Rials. As a […]

Intellectual Property Law

Intellectual property law is necessitated by modern sciences to protect innovation and originality of mankind and to encourage new and creative ideas. Industrial rights emerged after the industrial revolution (in late 1800s) and protection of moral rights became more systematic on a global scale with the establishment of World Intellectual Property Organization (WIPO) in 1967. […]

Registration of industrial design in Iran

In order to file an Industrial Design application in Iran, the required documents & information are: The full details of applicant and designer i.e. full name, address, nationality, field of activity, incorporation number of the applicant’s company in the home country, principal location, etc. Certified copy of priority document (If claimed) International classification and related […]

Foreign Investment

As the Iranian government is now welcoming inward foreign investments more than ever before, the government has provided an optimal context for the presence of foreign investors in the country. Among the government’s attempts, the enactment of protective laws for foreign investors is the most prominent measure. The Foreign Investment Promotion and Protection Act (FIPPA) […]