|
Iran
qualifies from many respects to be a good location for
investment and doing business. Some of the features are
highlighted below:
1. Strategic Location:
A unique geographical location at the heart of a cross-road
connecting the Middle East, Asia and Europe, empowered by
many inter- and trans- regional trade, customs, tax and
investment arrangements;
2. Market Potentials and Proximity:
Vast domestic market with a population of 70 million growing
steadily as well as quick access to neighboring markets with
approximately 300 million inhabitants;
3. Labor Privileges:
Large pool of trained and efficient manpower at very
competitive costs in a diversified economy with an extensive
industrial base and service sector;
4. Developed Infrastructure:
Territory developed networking in the area of
telecommunication, roads and railways across the country;
5.
Low Utility and Production Cost:
Diversified range of
energy, telecommunication, transportation, as well as public
utilities;
6.
Abundant Natural Resources:
Varied and plentiful reserves of
natural resources ranging from oil and gas to metallic and
non-metallic species reflecting the country’s accessibility
to readily available raw materials;
7.
Climatic Characteristics:
A four-season climatic endowment
as a privilege to agricultural activities throughout the
country and throughout all seasons;
8.
Fiscal Incentives:
Reduced tax rates from 65% to a flat fixed 25% rate of tax
income despite various tax holidays highlighted as follows:
| |
Activity |
Level of Exemption |
Duration of Exemption |
| |
Agriculture |
100% |
No Time Limit |
| |
Industry and Mining |
80% |
4 Years |
| |
Industry and Mining in Less-Developed Areas |
100% |
10 Years |
| |
Tourism |
50% |
No Time Limit |
| |
Exports |
100% |
No Time Limit |
9. New Investment Legislation:
Enactment of new Foreign Investment
Promotion and Protection Act (FIPPA) to substitute the former Law Concerning
Attraction and Protection of Foreign Investments in Iran (LAPFI) providing full
security and legal protection to foreign investments based on transparency and
international standards.
|