Iran

The “Land of the Aryans”, Iran, boasts one of the oldest, uninterrupted settlements, dating back to 4000 BC. Persian culture is known for its poetry, luxurious carpets and lavish gardens. It is interesting that the English word for paradise – paradise – comes from the Persian word for „enclosed garden“.

The capital of the country is Tehran, the largest city in Iran. Iran is a major exporter of oil, fruits, nuts, carpets, chemicals and petrochemical products. Iran imports food, industrial products, consumer goods, technical services and capital goods. Historically, Iran was known as Persia. One of the few countries that is trying to make real use of the potential of wind energy.

Setting up a company and doing business in Iran

One of the biggest and most significant news regarding the business environment in Iran is the lifting of sanctions and the release of funds around the world that were blocked in bank accounts in the previous period. This means that foreign businessmen are allowed to trade freely with Iran.

But the question remains, why would you want to either do business with or enter Iran's market?

• Iran represents a huge opportunity with 65 million potential customers and also opens the door to another 300 million people in neighboring countries.
• Iran boasts an extensive network of roads and railways as well as ports and airports.
• Oil and natural gas reserves that lead to low electricity prices.
• Very low monthly wages and low costs for investors.
• Investments in Iranian free zones offer clients tax holidays for 20 years, that will certainly not happen to you here. Another advantage is the possibility of buying land and an exemption from the visa requirement.
• If your company in Iran is not registered in a free zone, you can still get a 50% exemption from corporate tax, if you export no more than 30 % of your annual production.
• No withholding taxes on dividend payments.
• Companies investing in production, industry or mining activities will receive an 80% exemption from corporate taxation.
• A company involved in activities in the field of agriculture achieves a 100% exemption from corporate taxation.
• Education and sports are also exempt from 100% corporate taxation, tourism receives a 50% discount.
• To establish an LLC type company in Iran, you need two shareholders and one director, who can be of any nationality.
• The whole process usually takes about 3 weeks.
• Immediately after registering the company, the foreign investor and director will receive a permit to work and live in Iran for 3 years.
• Iran has signed double taxation treaties with 42 countries.

Yes, doing business in Iran is risky, but as Mark Zuckerberg says: „The biggest risk is not taking any risk… In a world that is changing really fast, the only strategy that will guarantee you failure is an aversion to risk.“. Risk and win – the motto of all successful people.

Ke stažení

Back to the previous page

Latest blog posts

• Where are the best tax solutions in EU?
• 5 tips on how to overcome a business crisis
• How to smoothly transfer your company to your offspring and enjoy a peaceful retirement

Contact us