Iran

The state of Iran is located in Asia. The Islamic Republic of Iran has extensive borders with Iraq, Azerbaijan, Armenia, Turkey, Turkmenistan, Afghanistan and Pakistan. It sits on the shores of the Caspian Sea to the north and the Persian Gulf to the south. Iran plays an important role in the economy throughout Asia. Iran has a high GDP in the Islamic world. The Republic is one of the most technologically advanced nations in the region.
The official currency is the Iranian rial. The official language is Persian.

The state has large deposits of natural resources (oil, gas) and a well-developed industry. Mechanical engineering, food processing, and textile industries are widespread.
Iran has an active international policy aimed at international integration and cooperation. The Republic is a member of a large number of international organisations, including the UN and its specialised organisations (IAEA, ILO, etc.)

6 simple steps to purchase a company

  1. choosing a country

  2. choosing a bank

  3. payment (by any method)

  4. sending documents

  5. company registration

  6. bank account opening

Main advantages

From all the possible types of advantages that open up to the founders when incorporating a company, it is definitely worth noting:

  1. Availability of special economic zones.
  2. Lack of currency controls.
  3. Flexible taxation system.

Organisational and legal forms of companies

According to current Iranian laws, it is possible to register your company in the following legal forms:

Opening a company in Iran is possible in the form of analogues of Russian LLCs, general partnerships and joint-stock companies.

Most of the advantages open to non-residents when registering a private joint-stock company are: saving time, transparency of procedures, work flexibility, etc. It can be established by individuals and organisations. The liability of each shareholder shall not exceed the amount of their capital (nominal share) in the company.

Features of company incorporation

Based on the analysis of the current legislation regulating the activities of business entities, the following can be highlighted with regards to the specifics of the process of registering your business:

  1. An important feature when opening a company in Iran is the requirement to fill out documents in Persian. In certain cases, documents may be translated from the official language of the non-resident's nationality by a local translator.
  2. The requirement of a registered office.
  3. The minimum number of directors is 1.
  4. The authorised amount of share capital starts from one million rials.

Taxes and fees

The state has the following features for levying taxes and fees

The total profits of companies and profits from the commercial activities of other legal entities derived from various sources in Iran or abroad are subject to taxation. The base rate is 25%, except in cases where certain types of rates are provided for by the Direct Taxation Act of Iran.

VAT is 9%. Some goods and services are exempt from tax, including: unprocessed agricultural goods, real estate, banking services and authorised non-bank credit institutions, public transport, etc.

Capital gains are not taxed in Iran.

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