How to register a company in Iran
How to register a company in Iran
Company registration in Iran : Foreign investors will currently establish their company with 100 percent possession of the shares and management of their business. this could be a bonus to a number of the businesses willing to be additional concerned within the Iranian market providing them with additional security and stability as a distant capitalist. There square measure 2 forms of firms which might be registered for foreign investment opportunities:
- Limited Liability Company
- Joint Stock Company
Limited Liability Company registration in Iran
A indebtedness Company is outlined as a corporation fashioned by a pair of or additional people to conduct business transactions and activities. indebtedness Company relies upon the direct contributions of the partners to the partnership and not by share subscription.
The formations of indebtedness partnership are deemed to possess taken place once the capital in money has been absolutely contributed and once non-cash contributors are assessed and delivered.
Joint Stock Company registration in Iran
A Joint Stock Company is outlined as a corporation fashioned by three or additional people to conduct business transactions and activities. Joint Stock Company relies upon the direct contributions of the partners to the partnership and not by share subscription. The formations of Joint Stock Company is deemed to possess taken place once the capital in money has been absolutely contributed and once non-cash contributors are assessed and delivered.
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Branch office
Foreign firms will establish a branch of their company so as to conduct their business in Islamic Republic of Iran. The Branch are a distant company and act as a branch underneath mother company and will operate within the following areas of activities:
- Post sales service for the products or services of the mother company.
- Carrying out the contracts terms between Iranians and mother company.
- Plan future investment of the mother company in Iran.
- Collaborate with Iranian specialists for business activities in neighbor countries.
- Participate in non-oil exports market in Iran.
- Regulating duties within the areas of clearance from government organizations and services within the fields of transportations, insurance, banking and promoting, etc.
A local branch office of a distant company is that the subordinate of the mother company that carries out the objectives and business dealing for the mother company. The operation of the branch office is conducted underneath the name and responsibility of the mother company. The branch workplace is subject to Iranian laws in areas like labor, social insurance, taxation, etc. the govt protects the legal rights of a registered branch workplace as of the mother and domestic firms. Review the below table below to seek out additional concerning the kinds of companies:
Registering a corporation in Iran and employment
There is a minimum national wage applicable to every sector of activity mounted by the Supreme Labor Council that is revised annually. In 2015 the pay, determined by the Supreme Labor Council, was concerning US$230 per month (US$2,760 per year). Membership within the social insurance system for all workers is obligatory. The national poverty level for 4-person households in capital of Iran was some $9000 p.a. in 2015
Foreign nationals square measure prohibited from operating in iran unless they receive work and employment permits (even if they’re alleged to receive wage and regular payment outside the Iranian territory).
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