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) […]

E-Commerce

In today’s world, using advanced technology has indeed become a daily need. The advance of computer technology has rendered physical presence unnecessary and most transactions ranging from simple electronic payments and online ordering to receipt of more sophisticated services can be carried out on the cyberspace. Electronic commerce, as a basic definition, is any commercial […]

Corporate Law

Due to the differences in domestic laws regarding companies, incorporating a company, running a company and doing the relevant administrative tasks in a foreign country is a time-consuming and cumbersome task which requires careful consideration in choosing the appropriate corporate structure suited to commercial objectives, obtaining necessary licenses for current activities as well as financial […]

Contract Law and commercial Transaction

Drafting and preparation of all types of commercial contracts including but not limited to investment and JVs, sale and purchase in accordance with Incoterms, exclusive and non-exclusive agency, distributorship, technology transfer, license, franchise, turn-key, buy-back, finance, consultancy services, service contracts, EPC, transportation and logistics, insurance, MOUs, LOIs and etc., management of contractual negotiation, legal supervision […]

Company Formation

Company Formation and Branch / Representative Office Registration in Iran Due to the differences in domestic laws regarding companies, incorporating a company, running a company and doing the relevant administrative tasks in a foreign country is a time-consuming and cumbersome task which requires careful consideration in choosing the appropriate corporate structure suited to commercial objectives, […]