| Foreign investment in the ISLAMIC REPUBLIC OF IRAN |
|
|
| Economical | Rules and Regulation |
|
Rules and Regulations and Statistics Issued by Department of Financial Resources, Investment And Assistance for Development December 2004 Following achievements have been made to attract foreign investment in the country for carrying out indigenous projects through some drastic measures taken by the Islamic Republic of Iran in the recent past to improve its economic condition: -Approval and execution of promotion of foreign investment in the Country law. -Approval of a new Financial Law providing necessary incentives in terms of prices and exemptions to promote investment and increase the pace of economic development and production in the country. -Introduction of Tariff System in the areas where it is not being implemented. -Establishment of private banks and financial institution. -Introducing single foreign exchange rate system by creating a foreign exchange rate to be used in all economic activities and abolition of multi rate system. -To explore possibilities of establishing private insurance companies. -To ensure implementation of plans aimed at privatization of all public projects including government-owned banks. |






