The following article applies only to Iran.
Definition of Free Trade Zone (FTZ)
With the presence of Free Trade Zones, the country moves towards become more industrialized. Also, this can be a motivation for increasing exports. In fact, a free-trade zone is a region or a port in which free trade with other regions is allowed.
One of the important advantages of these sections is that there is no tax added to the products that enter or exit the country from these parts. The tax exemption period in these areas is 15 years. Furthermore, profits reliefs and customs duties, the absence of foreign exchange formalities, ease and speed of import and export processes by attracting foreign investments, and transfer of mainland technologies follows the laws of inside the country.
In Iran there are 8 free-trade zones:
- Kish Free Trade Zone
- Gheshm Free Trade Zone
- Chabahar Free Trade Zone
- Maku Free Trade Zone
- Bandar-e-Anzali Free Trade Zone
- Aras Free Trade Zone
- Arvand Free Trade Zone
- Salafchegan Free Trade Zone
Company registration conditions in Free Trade Zones
- Complete company or institution name in Farsi with acronyms
- Specifying the amount of capital of company or institution
- Activities of the company or institution
- Nationality of the company or institution in the region
Required documents for company registration in Free Trade Zones
- Operation license issued by the organization
- Company’s Articles of Association and Statement of Registration
- Minutes of the general assembly’s meeting
- Minutes of the first board of directors’ meeting
Benefits of company registration in Free Trade Zones
- Easy regulations for entry of allowed products
- Flexible monetary and banking services
- Full freedom of entry and exit of capital and profits of economic activities
- No restrictions on the transfer of foreign currencies with other countries
For further information on company registration in free-trade zones, you can consult our specialized advisors.