Free and Special Economic Zones are becoming increasingly attractive destinations for investors, particularly foreign ones, looking to capitalize on unique opportunities. These zones are designated geographical areas within the country aimed at attracting both foreign and domestic capital. They create a conducive environment for industrial, production, and commercial activities, with the goals of boosting exports and providing optimal services for an active presence in regional and international markets. The primary focus in these zones is on simplifying business processes. In Iran, notable free trade zones include Kish, Qeshm, Chabahar, Anzali, and others.
The most significant legislation governing free trade-industrial zones is the Law on the Administration of Free Trade-Industrial Zones, which was approved in 1993. According to Article 1 of this law, these zones aim to accelerate infrastructure development, enhance economic progress, attract investment, increase public revenue, create productive employment, and regulate the goods and labor market. They also seek to establish a strong presence in regional and global markets while promoting the production and export of industrial and processed goods, along with public services.
To support these objectives, the Iranian government offers numerous advantages for businesses operating in these zones, such as:
- 20-Year Tax Exemptions
- Customs Exemptions
- Freedom of Capital Movement
- Possibility of registering a company with 100% foreign ownership
- No Visa Requirements
- Lower Service and Transportation Tariffs
- Special Employment Regulations
Given these advantages, Free Trade Zones present compelling opportunities for both corporate and individual investors. Engaging in these zones makes it essential to have expert legal counsel and knowledgeable lawyers to navigate the regulatory landscape.
At Rezvanian International, we offer a comprehensive range of legal services tailored to meet the needs of investors in Free Trade Zones. Our services include:
- Company Registration: Facilitating the setup of various types of companies, including 100% foreign-owned businesses.
- Trademark and IP Registration: Protecting your trade name, trademark, and other intellectual property rights.
- Commercial Code Support: Assisting in obtaining necessary commercial licenses and permits.
- Contract Drafting: Creating essential documents such as shareholders agreement, , construction contracts, supplier agreements, distribution agreements, and sales contracts tailored to your business needs.
By virtue of the professional advice afforded by our lawyers at Rezvanian International, one can successfully conduct business in these zones and realize their profitability and growth potential. With our tailored legal assistance, you will be well-supported to make informed choices and achieve your business goals. We encourage you to reach out to us today to learn how we can support your investment activities and enable you to seize the potential available in Iran’s Free and Special Economic Zones.