Iran stimulates entrepreneurial activity, inclusive from external investors, and special economic zones (SEZ) and special territories have been created in the country for this purpose. Working and registering offices in them, you can avoid quite high tax rates (15-57%, depending on a profit). Enterprises are exempt from the financial burden for a period of fifteen years or receive VAT preferences - the preferences procedure is determined by the zone rules. However, unlike other regions of the country, to register a company with a completely foreign capital in the SEZ is not possible.
Registration of a company in Iran implies that the company becomes a subject of intra-national legal relations - the residence of the founders and the origin of the funds is insignificant. The following is among the mandatory conditions set by the authorities:
There is no currency control in the country, but importing goods without paying duty at customs is allowed only in the SEZ. Information about the business founders and the beneficiaries is not entered into the open registry.
Establishing a company in Iran is possible in the form similar to Russian LLC, a full partnership, joint-stock companies. Most of the advantages are open up to non-residents when registering a private JSC - time saving, procedure transparency, flexibility in work, etc. Private and legal entities have the right to establish it. In the first case, the registrar is presented with copies of passports, in the second one - the company's documentation:
The documentation is certified at the Iranian embassy and the translations - at the Ministry of Justice of the country. The representative draws up the power of attorney and signs copies, after that the company can be registered.
Establishing a company in Iran is possible if the founders contribute authorized share capital and immediately transfer 35% thereof to an account opened with the Iranian bank. The allowed rate of the declared amount starts from a million rials, the paid amount starts from 350 thousand. The money transfer to the account must be confirmed by the bank.
To register an organization in the official register you need to:
If a joint-stock company is established, a share of 0.2% is paid on capital - stamp duty. With proper paperwork, registration procedures take up to a week.
Experts of "Prifinance" company will help to accelerate the procedures and deploy business guaranteed legally, in compliance with the norms of Iranian legislation. We undertake organizational, legal issues, representative functions and provide the customer with detailed advice on taxation, special economic zones, and other aspects.