Incentives for Investing in Iran
- The Administration of the Foreign Investment Department in the Organization for Investment, Economic and Technical Assistance of Iran announced the incentives for foreign investors interested in investing in Iran. In this regard, Dr. Ahmad Jamali referred to tax exemption for 5-13 years as well as the issuance of 3-year visas for shareholders, their families and those involved; besides, foreign investors will face no limitations in transferring money, equipment, taking back their principal along with their yields and they can enter either independently or in business with local partners.
- After their previous stone hit the target of renewing their fleet, Iran Air has become close to sign a deal with Airbus within a week, which will involve around 100 planes. As the result, a European team has traveled to the country hosted by the Ministry of Roads and Urban Development for final negotiations.
- Referring to the Principle 144 on privatization and the fact that within which the automobile mfg. companies fall, the head of Competition Council announced that 100% of such companies have been decided by the Minister of Economy and Financial Affair to be divested; in this regard, this plan is now to be approved by the board of ministers in order to be implemented.