Legal, Tax, SSO Advisory
IranPartner Business Development Services
Learning about Tax & SSO
The direct tax, the value added tax, and the social security act in Iran have been on the rise in recent years, as the government was trying to cut its reliance on oil sales by generating new revenue sources. Changing the rates as well as modifying the scope of the taxes makes having a current knowledge of the tax regulations a necessity for businesses that want to engage with the Iranian market.
On the other hand, the government has been providing some exemptions and discounts on multiple occasions to encourage investment and production in Iran. Knowing the extent of these exemptions can create significant savings for businesses, both local and international.
Thus it is crucial for foreign companies to first understand the regulations applicable to their business and to make their entry decisions in such a way to efficiently manage their expenses and increase their margins.
Our tax advisory service provides consultancy by a team of experienced tax advisors with extensive experience in consulting foreign companies’ ventures in Iran. The team helps clients implement practical strategies for efficient management of their cash flows so that they can focus on the growth of their business in Iran.
Iranian regulatory environment is primarily unknown to foreign businesses. Highly regulated markets, higher government interventions compared to most European and East Asian countries, and numerous overlapping laws cause complications for running your business in Iran.
Meanwhile, there are still some sanctions in place, which prohibit companies from working with natural & legal persons in Iran. Making sure your new venture complies with such restrictions is a key factor when considering a long term business with the country.
Our lawyers advise you with the best practices of engaging in Iran, providing you with details of the laws and their implications for running your business.
Some of the most important regulations you must be familiar with include:
- Iran’s Commercial Law
- Iran’s customs Law and Iran’s Import & Export Law
- Laws governing foreign nationals’ work and living in Iran
- Iran’s Free Zones, Special Economic Zones, and Industrial Town regulations
Also, there are industry specific regulations, which provide additional requirements for your business in Iran:
- Iran’s Ministry of Industries, Mines, and Trade regulations for setting up factories
- Iran’s Ministry of Health & its Iran’s Food & Drug Administration’s regulations for businesses in food and health sectors
- Iran’s Ministry of Agriculture’s regulations for food companies
- Iran’s Department of Environment’s regulations for all manufacturing plants
- Iran’s Ministry of Roads & Construction’s regulations for transportation sector
- Iran’s Ministry of Culture’s regulations for educational and media sectors
Our lawyers will advise you based on your specific business.
To learn more about how we can assist you, click on the below button and fill out the contact form.