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Iran FDI control
Produced in partnership with Asgari & Associates
Practice notesIran FDI control
Produced in partnership with Asgari & Associates
Practice notes
A conversation with Anahita Asgari Fard, Partner, and Ehsan Shirazi, Associates at Iranian law firm Asgari & Associates on key issues on FDI control in Iran.
1. What is the applicable legislation?
The law on foreign investment in Iran under the name of the "Foreign Investment Promotion and Protection Act “(FIPPA) was ratified by the parliament in 2002. The FIPPA and its executive by-laws have enhanced the legal framework and operational environment for foreign investors in Iran. According to FIPPA, all foreign investors are permitted to invest, in all areas of industry, mining, agriculture, and services in Iran.
Alongside with FIPPA, the General Policies About Principle 44 of the Constitution of the Islamic Republic of Iran (2005), and later law on Implementation of General Policies of Principle 44 of Constitution Law (The Privatization Act 2008), and the Six Economic Development Plan, are main regulations governing the foreign investment in Iran.
2. Which government or other body (or bodies) reviews foreign investments?
The organization for Investment, Economic, and Technical Assistance of Iran (OIETAI) was founded in 1975. The requests
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Jurisdiction(s):
United Kingdom
Related documents:
Practice notes 10
Key definition:
Investors definition
What does Investors mean?
The investors in a equity'>private equity fund, who will be mainly institutional investors. Typical investors will include pension funds, sovereign wealth funds, funds of funds and university endowments although high net worth individuals and family offices may also invest. The investors will be the limited partners in a limited partnership fund.
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