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FAQ

Foreword:

This is a compilation of the enquiries frequently asked by potential investors willing to invest in the Islamic Republic of Iran. We hope the answers provided herein, in addition to the policy issues, would assist parties, and provide them to have access to a package of comprehensive information in respect of the legal framework for admission of investments and the manner to obtain the relevant Investment License. You may find certain questions which do not necessarily have any direct relevance with Foreign Investment as a whole ,but in light of the need for preparing a multipurpose source of information, we have tried to compile a variety of likely inquiries to respond to any question relating to doing business in Iran.Obviously , those investors who may need more detailed information on any subject , are recommended to refer to other OIETAI publications and guides;or if they wishthey may communicate directly or have meetings with the OIETAI staff who are in a position to welcome them by providing answers to any other question which is not addressed in this guide as well .Readers are kindly recommended to refer to the table of content before searching the answers to their questions in each chapter

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Are there any facilities available for the issuance of residence and work permits?

If necessary, OIETAI will provide certain facilities and assistance to foreign investors in this regard.

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asked 04/12/2021 18:35
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With which countries has Iran signed the Agreement on the Avoidance of Double Taxation? And are they enforceable at present?

Before the Revolution, Iran had signed the Agreement on the Avoidance of Double Taxation with two countries, France and Germany, in 1964. After the Revolution, 19 agreements has been signed worldwide.

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asked 04/12/2021 18:34
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With which countries has Iran signed the Agreement on Reciprocal Promotion and Protection of Investment?

The Agreement on Reciprocal Promotion and Protection of Investment has been signed with 40 countries, the final ratification procedure for a number of them is still on the way.

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asked 04/12/2021 18:34
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With which countries has Iran signed the Agreement on Reciprocal Promotion and Protection of Investment?

Yes, the Government of the Islamic Republic of Iran has joined the Agreement on Promotion, Guarantee and Protection of Investment among OIC member countries as well as the agreement among ECO member countries.

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asked 04/12/2021 18:34
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Has Iran concluded any multilateral investment agreement?

Yes, the Government of the Islamic Republic of Iran has joined the Agreement on Promotion, Guarantee and Protection of Investment among OIC member countries as well as the agreement among ECO member countries.

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asked 04/12/2021 18:28
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Which laws and regulations are necessary for potential foreign investors?

In addition to FIPPA and its Implementing Regulations which protect rights of foreign investors, OIETAI recommends the investors to acquire knowledge of the following regulations: · Commercial Code (sections related to joint stock companies); · Export and Import Regulations; · Iranian Tax Code; · Customs Law; · Labour Law (to find out how to employ foreign services); · Law for Registration of Patent and Trade Marks (to know about industrial and intellectual property rights).

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asked 04/12/2021 18:26
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Has Iran joined the Multilateral Investment Guarantee Agency (MIGA)?

Yes, the Islamic Republic of Iran is a member of MIGA at present, to this end foreign investors can enjoy the guarantee mechanisms of this agency as well. Although FIPPA along with bilateral and multilateral investment agreements signed by Iran, provides sufficient protections against non-commercial risks, membership to MIGA gives a double guarantee.

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asked 04/12/2021 18:27
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