Legal promotions and encouragements related to investment in Iran and mazandaran province

 
Row Title of promotion Related Article of Act

1

Handicrafts workshops benefit from applied tariffs for water, electricity, gas and fuel.

Para (2), Circular no.9905, date 2012, of the Staff of Targeting Subsides

2

All tour and tourism institutions, enterprises and centers which have operation license from the Ministry of Culture and Islamic Guidance benefit from 50% of tax relief.

Note (3),Article (132) Direct Tax Code (Approved in 1987)

3 All incomes originated from export of finished industrial, agricultural and processing industries products and goods benefit from 100% of tax relief. Additionally, 50% of incomes originated from export of other goods and products which have been exported with the aim of gaining to non-oil export aims of country benefit from tax relief. Para (A) , Article (141), Direct Tax Code (Approved in 1987)
4

All handicrafts workshops are exempted from any tax payment.

Article (142), Direct Tax Code (Approved in 1987)

5

10% of the total income originated from sales of goods in the Commodity Exchange benefit from income tax relief. All enterprises that their shares have been accepted in domestic or foreign stock exchange markets benefit from 10% of income tax relief. All enterprises that their shares are being exchanged in foreign stock exchange markets benefit from 5% of income tax relief.

Article (143), Direct Tax Code (Approved in 1978)

6

All handicrafts workshops are exempted from paying premium of the employer contribution (including engraving, woodcarving, inlaying, enameling, tiling and mosaic cutting)

Article( 22), Decree of The Board of Ministers no. h23t106254, date 1990

7

Applying step-by-step rebate or funding a part of the premium of the employer contribution in case of employing new employees.

Implementing Regulation, Para(I), Article (80), The fifth Fiver- Year Development Plan of I.R. of Iran, no. k46916t/105061, date 2011

8

All workshops with maximum of 5 workers benefit from the premium of the employer contribution

Single article, Exemption from paying the premium of the employers' contribution who has max. 5 workers (Approved in 1982)

9

Issuing establishment license for locating modern industries in 120 km of Tehran city and into industrial estates and issuing operation license for those modern industries which have been established before.

Article (8), Decree of the Board of Ministers no. 43084/99757 date 2009

10

Forgiving interest and commission of annual banking facilities granted to private and co-operative sectors originated from authorized funds with the aim of venture investments in modern industries.

Para (A), Article (151), The fifth Fiver- Year Development Plan of I.R. of Iran

11

Assisting governmental and non-governmental industrial estates and zones in accessing to road, water, electricity, gas and telephone up to their entrance point.

Para (A), Article (158), The Fifth Fiver- Year Development Plan of I.R. of Iran

12

65% of a part of profit assertiveness of co-operative and private companies benefit tax relief subject to article (105) of Direct Tax Code if they use this fund for developing, renovating or completing the existed industrial and mineral production units or founding new ones.

Article (138), Direct Tax Code (Approved in 1987), Para (A), Article (159), The Fifth Fiver- Year Development Plan of I.R. of Iran

13

All foreign investors enjoy the same rights and treatments as domestic investors.

Article (8), Foreign Investment Promotion & Protection Act- FIPPA (2002)

14

Transferring the original capital, interest and profits originated from in foreign exchange or goods

Articles (13)&(14), Foreign Investment Promotion & Protection Act- FIPPA (2002)

15

A short and fast procedure for accepting and approving applications for foreign investment

Articles (6)&(7) ), Foreign Investment Promotion & Protection Act-FIPPA (2002)

16

Issuing visa, work permission and three- year residential license for foreign investors, managers, experts and their first- hand family members

Article (20), Foreign Investment Promotion & Protection Act -FIPPA and Article (35), Implementing Regulations of FIPPA (2002)

17

Guaranteeing the foreign capital against nationalization, expropriation and having right for receiving proper compensation

Article (9), Foreign Investment Promotion & Protection Act -FIPPA(2002)

18

There is no limitation for the volume and percentage of foreign investment ( it is possible to establish an Iranian company with 100% of foreign capital)

Article (4),Implementing Regulations of FIPPA (2002)

19

Applying 25% tax rebate for incomes subject to tax based on the tax assertiveness by ordinary companies and co-operatives

Note (6), Article (105), Direct Tax Code (Approved in 1987)

20

100% of incomes of agricultural, fishermen and . . . co-operative companies and their unions are exempted from tax payment

Article (133), Direct Tax Code (Approved in 1987)

21

Granting 20% governmental promotions and assistances (except to taxes) to co-operative sector more than non-co-operative sector

Para (B), Article (9), Principle (44) of The Constitution

22

Granting gratuitous assistances and giving Interest Free Loan facilities to those co-operative companies whose members are from 3 first lower- income level of the society.

General policies of Principle (44) of The Constitution

23

20% of premium of the employer contribution is rebated for those members who are employed in the co-operative company

Line (2), Para (C), Article (9) Implementing Law of General Policies of Principle (44) of the Constitution

24

Paying subside of banking facilities and other primarily investment costs for operatingco-operative company

Line (4), Para (C), Article (9) Implementing Law of General Policies of Principle (44) of the Constitution

25

Providing capital resources of co-operative sector through support of the Co-operative Development Bank and Co-operative Investment Guarantee Fund

Para(E), Article (9), Implementing Law of General Policies of Principle (44) of the Constitution

26

Allocating 30% of incomes originated from assignment of public business enterprises to national co-operatives

Line (2-2), Para (D), Implementing Law of General Policies of Principle (44) of the Constitution

27

Extending insurance coverage of agricultural crops and products, also production factors and parameters of agricultural sector to min. 50%

Para(I), Article (143), The Fifth Five- Year Development Plan of I.R. of Iran

28

Allocating a part of annual budget of country to non-governmental funds, which support development of agricultural sector, in the frame of assistant

Para(J), Article (143), The Fifth Five- Year Development Plan of I.R. of Iran

29

Protecting agricultural sector through compensating a part of subside of banking facilities interest and commission, gratuitous assistances, paying subside and other promotions

Para(A), Article (145), The Fifth Five- Year Development Plan of I.R. of Iran

30

Imposing effective tariffs for importing all agricultural goods and products in a way that the domestic producers make profit.

Para(A), Article (145), The Fifth Five- Year Development Plan of I.R. of Iran

31

Providing necessary legal and monetary supports for establishing legal enterprises with the priority of agricultural production co-operatives for gaining united management and integrating cultivation lands

Article (146), The Fifth Five- Year Development Plan of I.R. of Iran

32

Financial protection from developing industrial salutary houses and improving status of traditional and semi-industrial salutary by the non-governmental sector

Para(A), Article (149), The fifth Five- Year Development Plan of I.R. of Iran

33

Upgrading general protection coverage from agricultural sector up to 35% of total production value of this sector

Para (B), Article (149), The Fifth Five- Year Development Plan of I.R. of Iran

34

Applying relief and obtaining custom duties based on preferred tariffs inserted in trade agreements between the government and foreign countries

Article (6), Custom Affairs Law

35

Releasing commodities against banking guarantee based on the note no. 10/271912 date 2000, Customs of I.R. of Iran

Article (1), Implementing Regulation, Section(3), Article (12), Act of Annexation to Law of Adjusting a part of Financial Regulations of the Government to no. k37914T718 date 2008

36

Credit release of parts and raw material through keeping a part of goods equal to import customs rights and duties of the released goods and other later arising costs such as keeping and selling costs and expenditures.

Article (1), Implementing Regulation, Section(3), Article (12), Act of Annexation to Law of Adjustinga part of Financial Regulations of the Government to no. k37914T718 date 2008

37

Imposing tariff preferences for S.K.D and C.K.D parts

Article (12), Removing some barriers of industrial production and investment, (Approved in 2008)

38

Exempting 15% of the goods customs value from commercial interests of imported goods which are imported through industrial- trade free zones

Article (2), Decree of the Cabinet no. h29291T/64648 date 2003

39

Exempting allowed production machinery imported by permitted industrial & mineral production units from paying custom duties and commercial benefit

Single Article, Decree of Council of Revolution, 1979

40

Refunding import duties of raw material and equipment being used in producing of export goods

Note (3), Article (14), Law of Export & Import (Approved in 1993)

41

All imported raw material being used in export goods are temporary released against commitment or valid promissory to customs and are exempted from any payment related to import, except to necessary costs or commission

Article (12), Law of Export & Import (Approved in 1993), Article (20), Law of Adjusting A part of Regulations Related to Facilitating Renovation of Industries (Approved in 2003)

42

Paying some parts of contribution costs in foreign fairs to exporters

Decree of the Board of Ministers no. h41479T/167890 date 2008, Para (E), Article (9), Instructions of Non-Oil Export Protection no. 1/584261, date 2011, Ministry of Industry, Mine and Trade

43

Paying export awards

Article (1), Decree of the Board of Ministers no. h41479T/167890 date 2008, Para (E), Article (9), Instructions of Non-Oil Export Protection no. 1/584261, date 2011, Ministry of Industry, Mine and Trade

44

Paying a part of costs of dispatching trade, marketing and investment delegations by the Trade Promotion Organization of Iran

Decreeof the Board of Ministers no. h41479T/167890 date 2008, Para (E), Article (9), Instructions of Non-Oil Export Protection no. 1/584261, date 2011, Ministry of Industry, Mine and Trade