Starting a business in Iran

 

According to Goldman Sachs report Aug 2017, Iran is among the "The Next Eleven", a list identified by Goldman Sachs investment banker and economist Jim O'Neill as having a high potential of becoming the world's largest economies in the 21st century. Iran's promising outlook for investment and future growth makes it a reasonable destination for starting a new business or expanding an already owned one. 

To start or expand your business in Iran, you can:

  • register a cfresh ompany in Iran,
  • register a branch office in Iran,
  • and find a local partner as distributor of agent.

Reserve a unique company name in Iran, Register at the Companies' Registration Office and Pay the registration fees

To register with the Companies Registration Office, the company must submit the following documents:

  • Articles of association, signed by all shareholders
  • Declaration stating that all shares have been subscribed
  • Minutes of the general assembly of founders and board of directors
  • Minutes of the shareholders’ meeting, reflecting the election of the first directors and inspector(s)
  • Written statement accepting the position of directorship and inspector ship
  • National ID Card and birth certificates (certified copies) of the shareholders and inspectors
  • Name of a mass circulation newspaper in which all company announcements will be published

Application files are assigned a bar code so that each internal desk that receives the file tracks its entrance and exit. In addition, an electronic payment system is conducted with a card and a machine is used to pay registration fees.

Tax and Insurance

Iran's rules for Tax and Insurance are not very complicated: Insurance applies for all the staff working for the company (details as below), VAT is applied to providers of services and goods (9%, declared every 3 months by your accountant) and the income Tax is maximum 25% of your Net Profit calculated by your documents and accountant.

 

BIZEX can help you find partners and distributors as well. For such services please contact us

 

START BUSINESS IN IRAN