Islamic Republic of Iran company registration

Islamic Republic of Iran company registration

DOING BUSINESS IN IRAN

For over a decade, Healy Consultants has assisted our Clients with business registration in Iran. Our services include i) company setup ii) license registration iii) business bank account opening iv) employee recruitment assistance v) visa strategies and vi) office rental solutions.

Summary100% LLCFree Zone LLCPrivate JSCPublic JSCBranch officeMixed JS Partnership
Best use of company?Trading products & servicesTax exempt manufacturingReputable structureIPO vehicleForeign company extensionMix between JSC and LP
Legally tax exempt if properly structured?NoYesNoNoNoNo
Foreign ownership % allowed?100%100%100%100%100%100%
Corporate bank account location?Bank MelliAl Rajhi BankBSI BankBSI BankBank MellatZamin Bank
Client must travel to Iran?NoNoNoNoNoNo
Can secure trade finance?YesYesYesYesYesNo
Limited liability entity?YesYesYesYesNoYes
VAT payable on sales to local customers?9%0%9%9%9%9%
Withholding tax on payments to overseas shareholders?NoNoNoNoNoNo
Minimum paid up share capital?€1€100€40€200€0€40
Average total engagement costs?€13,940€16,440€21,740€21,740€14,870Contact us
Average total engagement period?up to 5 monthsup to 5 monthsup to 5 monthsup to 5 monthsup to 5 monthsup to 5 months
Accounting and tax considerations100% LLCFree Zone LLCPrivate JSCPublic JSCBranch officeMixed JS Partnership
Statutory corporation tax payable25%0%25%25%25%0%
Must file an annual corporate tax return?YesYesYesYesYesNo
Must file annual audited financial statements?YesYesYesYesYesYes
Investment income is legally tax exempt in Iran?NoYesNoNoNoNo
Access to double taxation treaties?YesYesYesYesYesNo
Monthly VAT reporting to the Government?YesNoYesYesYesYes
Withholding tax on payments to overseas shareholders?NoNoNoNoNoNo
Company registration100% LLCFree Zone LLCPrivate JSCPublic JSCBranch officeMixed JS Partnership
Iran resident director required?NoNoNoNoNoNo
Iran national shareholder required?NoNoNoNoNoNo
Iran national sponsor required?NoNoNoNoNoNo
National manager/representative required?NoNoNoNoYesYes
Minimum number of shareholders/partners?1122Parent company2
Minimum number of directors/managers?2235Parent company1
Deposit to be maintained with Government?NoNoNoNoNoNo
Shelf companies available?YesYesYesYesNoNo
Time to incorporate a new entity?2 months2 months3 months3 months3 months3 months
Can have preference shareholders?YesYesYesYesNoNo
Business considerations100% LLCFree Zone LLCPrivate JSCPublic JSCBranch officeMixed JS Partnership
Can invoice local customers?YesYes (with local agent)YesYesYesYes
Secures a residence visa for business owner?YesYesYesYesYesNo
Good entity for trademark registration?YesNoYesYesNoNo
Double taxation treaty access?YesYesYesYesYesNo
GCC member to enjoy free trade benefits?NoNoNoNoNoNo
IRR deposit interest rate (1 year average)16.9%16.9%16.9%16.9%16.9%16.9%
Overseas remittance currency controls?YesYesYesYesYesYes
Public register of shareholders and directors?YesYesYesYesYesYes
Other useful information100% LLCFree Zone LLCPrivate JSCPublic JSCBranch officeMixed JS Partnership
Can hire local and expatriate staff?Yes
Can rent local office space?Yes
Average monthly office rental US$ per sq m?US$250
Minimum statutory salary (in US$)?215
Average monthly US$ salary for skilled labor?495
Average customs duty on imports?26%
Iran has signed free trade agreements?Yes, see this page
This country is a member of WIPOYes
This country is a member of TRIPS?No
The country is a member of the ICSID?No
Banking considerations100% LLCFree Zone LLCPrivate JSCPublic JSCBranch officeMixed JS Partnership
Multi-currency bank accounts availableNoNoNoNoNoNo
Corporate visa debit cards available?NoNoNoNoNoNo
Quality of e-banking platform?GreatSatisfactoryModerateModerateSatisfactorySatisfactory
Crowd funding available in this country?YesYesYesYesYesYes

Contact us

For additional information on our company registration services in Iran, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Olivia Stanciu, directly:
client relationship officer - Olivia