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Investment in IranInvestment in Iran
Organization for Investment,Economic and Technical Assistance of Iran
(OIETAI)
www.investiniran.ir www.iio.ir
P t ti Hi hli htPresentation Highlight
General Information about Iran’s Economy
Incentives and Benefits of Foreign Investment in Iranf f g
Introduction to “ Foreign Investment Promotion and Protection Act” (FIPPA)
Supports & Services Provided by OIETAI
Procedure For Foreign Investor
I t t O t iti d P j t i IInvestment Opportunities and Projects in Iran
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Ch t 1Chapter 1
General Information about
Iran
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Geography
Location:
Country in south-western Asia, located on the northern shore of the
Persian Gulf with an area of 1,648,195 square kilometers.f f , , q
Iran lies at the eastern most edge of the geographic and cultural region known as
Middle EastMiddle East,
Bordering Iraq, Turkey, Pakistan, Afghanistan and Turkmenistan, Oman Sea
and the Persian Gulf from South and the Caspian Sea from North,
Strategic location on the Persian Gulf and Strait of Hormuz, which are Vital Maritime
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Pathways for Crude Oil Transport
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I ’ M i Ad tIran’s Main Advantages:The diversified economy with over 40 industries directly listed in the Tehran Stock Exchange
Resource-rich & Labor-rich economy
Young and educated population & Large domestic market
Developed infrastructure in transportation, telecommunications & energy
Tax exemptions and incentivesTax exemptions and incentives
Widespread and sound infrastructure.
Diversity in economic sectors and rich in oil and hydrocarbon resources,www.investiniran.ir www.iio.ir
ContinuedContinued 4th largest oil producer in the World
2nd highest gas reserves in the World
h h10th rank in tourism industry and potential of standing as the 5th in ecotourism
Having the largest and most diversified industries in the Middle east and North Africa Region,
4th rank in production of Zinc and 10th rank in production of Cobalt in the world.
One of the top producers of Lead, Aluminum, Manganese and Copper in the world
4th rank on diversity of Agriculture products in the world.
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Ch t 2Chapter 2
Incentives and Benefits of Foreign ce tives a d e efits of o eig
I t t i IInvestment in Iran
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T H lidTax HolidaysFixed corporate income tax at a flat rate of 25%
80% Exemptions of Income for 4 Years in Production Activities
100% of Income for 10 Years in Less Developed Regions (All
Activities)
100% of Income for 20 Years in Free Zones (All Activities)f f ( )
Agricultural: 100% of Income for No limited Time
Tourism: 50% of Income for No limited Timef f
Exports: 100% of Income Derived from Exportation for No
limited Timelimited Time
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Customs ExemptionsCustoms Exemptions
Production Line Machineries and EquipmentProduction Line Machineries and Equipment
Raw Materials used for Production of Export commodities
All Production Line Machineries and Raw Materials in Free Zones
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Investment Facilities in Free Trade Zones
A 20 years tax exemptionA 20 years tax exemption
No visa for the entrance of foreigners
Custom exemption
Easy registration of Companies
Easy circumstances for re‐export and transit of commodities
P ibili f i d h i l dPossibility of exporting products to the mainland
Long‐term lease of the land for the foreigners
Suitable rates for the energy consumption www.investiniran.ir www.iio.ir
Payment of
exploitation costs
by cash/ Preparation of Rent/ purchase of by cash/
installment
p f
suitable land
No need for
p f
ready-built Sites
Investment
No need for
different
permissions
15 reduction in price of land if
….
Facilities
in Industrial Easy and fast 0.5% reduction in price of land if
Parks access to Utilityin price of land if ….
Use of software
servicesFree of Charge Reduced
5 % reduction in price of land if
….. f g
servicesReduced
investment costs
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Chapter 3
Introduction to
Foreign Investment Promotion and Protection
Act (FIPPA)Act (FIPPA)Features and Advantages
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F i I P liForeign Investment Policy
Contribution to Economic Development
Financing Projects, Upgrading Technological & Management Skills,
Sharing Benefits and Risks on Equal Term without Discrimination
Advantages in Enhancing Products and Output Quality, Increasing Employment & Exports
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Increasing Employment & Exports
Types of InvestmentsTypes of Investments
Direct InvestmentDirect Investment(Equity Participation) (Equity Participation) in All Areas Open to Iranianin All Areas Open to IranianPrivate Sector Without Any Limitation on thePrivate Sector Without Any Limitation on thePrivate Sector Without Any Limitation on thePrivate Sector Without Any Limitation on thePercentages of Foreign ShareholdingPercentages of Foreign Shareholding
Investment through Contractual ArrangementsInvestment through Contractual Arrangements(Non(Non‐‐Equity Forms):Equity Forms):‐‐ Buy Back ArrangementsBuy Back Arrangements‐‐ Civil PartnershipCivil Partnership
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‐‐ BOT SchemesBOT Schemes
S f I t t dS f I t t dScopes of Investment under Scopes of Investment under FIPPA:FIPPA:
No Limit on:No Limit on:
Equity PercentageEquity PercentageEquity Percentage, Equity Percentage,
Investments Volume ,Investments Volume ,
Profit Transfer,Profit Transfer,
Capital Repatriation,Capital Repatriation,
Types of Capital Imported,Types of Capital Imported,
Import / ExportImport / ExportImport / Export.Import / Export.
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Areas of Investment:Areas of Investment:Areas of Investment:Areas of Investment:
All Areas in Industry, Mining, Agriculture, and All Areas in Industry, Mining, Agriculture, and y, g, g ,y, g, g ,Services:Services:
II G fi ldG fi ld P j tP j t--In In GreenfieldGreenfield ProjectsProjects
--In In BrownfieldBrownfield projects and existing companiesprojects and existing companiesff p j g pp j g p
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Risks Covered under FIPPARisks Covered under FIPPA
Currency Transfer,y ,
Nationalization & Expropriation,
Government Intervention and Breach
of Contracts by Government
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Possibility of
Investment by foreign
Natural and Juridical
Persons and Iranians
Living Aboard
Equal Treatment with
Foreign Investors as
accorded to Domestic Living AboardInvestors
Some other
Quick Approval of
other Features
ofFIPPA Foreign Investment
ApplicationIssuing Three‐Year
Residence Permit for
FIPPA
Foreign Investors,
Directors, Experts and
Their Immediate FamilyTheir Immediate Family
Members,
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Chapter 4
Supports & Services
Provided by
OIETAIOIETAI
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Foreign Investment Services Center (FISC)Foreign Investment Services Center (FISC)
FISC has been established in 2002, ,In order to facilitate and expedite issues related to the admission and
activity of Foreign Investments in the Country, (based on Article 7 of FIPPA))
Provides all before Care and after Care Services The representatives from all related Government departments are oblige
to coordinator for all issues related to their respective agency for foreign investment facilitation.
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Main Objectives of FISCMain Objectives of FISCMain Objectives of FISCMain Objectives of FISC
Facilitation Facilitation the FDI procedures in Iranthe FDI procedures in Iran ، ،
C di iC di i i h E i A i R l di h E i A i R l d CoordinationCoordination with Executing Agencies Related to with Executing Agencies Related to
Foreign InvestmentForeign Investment
A A focal point focal point for FDI applicantsfor FDI applicants،،
F ili i fF ili i f ffi i l dffi i l d f i df i d Facilitation of Facilitation of official procedures official procedures for required for required
permissions and licensespermissions and licenses
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FISC’s MembersFISC s Members
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SC ibiliFISC Responsibility
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Key Services Offered by FISCKey Services Offered by FISCy ff yy ff y Necessary guidance to foreign
General supervision on foreign investment projects.
Necessary coordination concerning the issues including:
the declaration of establishment
the environment protection license
the permits for subscriptions utilities
the license for exploration and exploitation of mines, etc.
registration of joint venture company
registration of order for importation of machinery and equipments and other customs affairs
Tax affairs
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ff
Procedure For Foreign Investor( Phases 1 to 4 )
1. Identification and Selection of Investment Project
2. Obtaining Preliminary Permit from Relevant Iranian Organization
3. Issuance of Foreign Investment License
4 Implementing of Project4. Implementing of Project
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Investment Licensing Procedure : Investment Licensing Procedure : Simplified, Short and TransparentSimplified, Short and Transparent
SubmissionOfOf
Application
Final
LicenseDraft
License
PreparationAnd
Submission
Foreign
InvestmentOIETAIIssued Communicated
SubmissionOf a Report
Investment
Board
OIETAI
Max 5 Days Max 10 Days
Investment Opportunities
and Projects
in Iran
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www.investiniran.ir www.iio.ir
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Other Official Other Official websites websites of the of the OIETAIOIETAIwww.investiniran.ir
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IRAN INVESTMENT GUIDE Including: Introducing Iran macroeconomic
And Other Publicationsg
performance investment climate Areas of Opportunities The Regulatory Framework Visas & Work Permit and
procedures to obtain required i i d li f d ipermissions and licenses for doing
business in Iran
www.investiniran.ir www.iio.ir
Organization for Investment Economic andOrganization for Investment, Economic and Technical Assistance of Iran( OIETAI)
www.investiniran.ir
www iio irwww.iio.ir
Foreign Investment Office
Tel: +98 21 33967755 – 33967075 Fax: +98 21 33967864
Foreign Investment Services CenterTel: +98 21 33967749 – 33967766 Fax: +98 21 33967774
www.investiniran.ir www.iio.ir