4-FOREIGN INVESTMENT MECHANISM IN THE I.R.IRAN

Generally there are different ways a foreign investor can invest in Iran. The three main schemes are as follows: – Investment under the Foreign Investment Promotion and Protection Act (FIPPA)– Investment in the Iranian mainland without the protection of FIPPA– Investment in or via Free Trade Zones Due to its importance, we start to describe […]

3-HOW THE IRANIAN GOVERNMENT SETS NATIONAL

After going to the Articles of the Iranian constitution in our previous posts, this time I intend to go briefly into the 2 main processes  that help the government set national priorities, make decisions and implement its economic policies: – Five year development planning – Annual budget The Management and Planning Organization (MPO) is the […]

2-Macro Economic Decision Processes in Iran

As we see, the government structure has resulted in an economic policy making and implementation environment where decisions reflect a dynamic flex of competing interests because in practice no institution wields absolute power. The arrangement of each institution is such that makes it vertically and horizontally accountable (even the supreme Leader is subject to a […]

1-Introduction to the legal structure of Iran

After the February 1979 Islamic Revolution, and based on March 1979 referendum, Iran became an “Islamic Republic”. The fundamental concept of this Islamic government is modeled after Ayatollah Khomeini´s  idea on the rule of the jurisprudent (Velayat-e-Faghih). This means that the state is to be guided by a learned religious jurist. Having this in mind, the Islamic […]

5-FOREIGN INVESTMENT ENVIRONMENT IN IRAN

After nearly 48 years, the new law on foreign investemtment in Iran under the abreviation FIPPA was ratified by the parliament in 2002. FIPPA replaced the “Law for the Attraction and Protection of Foreign Investment  (LAPFI)”, which was in effect since 1955. The rest of the 1st part everybody may get in the “Forums” under […]

6-FOREIGN INVESTMENT ENVIRONMENT IN IRAN

The Foreign Investment Promotion and Protection Act (FIPPA) consists of 7 Chapters and 25 Articles. Chapter 1: Definitions (Article 1)Chapter 2: General Conditions for Admission of Foreign Capital (Articles 2-4)Chapter 3: Competent Authorities (Articles 5-7)Chapter 4: Guarantee and Transfer of Foreign Capital (Articles 8-10)Chapter 5: Provisions for Admission, Importation and Repatriation of Foreign Capital (Articles […]