Iran at a Glance

 

 Official name

 Islamic Republic of Iran 

 Head of State

 President H.E. Dr. Hassan Rouhani

 National Day

 11th of February (Islamic Revolution of Iran-1979)

 Capital

  Tehran

 Area

 1,648,196 sq km

 Land boundaries

 4,137 km

 Sea boundaries

 2,700 km (Including the Caspian Sea)

 River boundaries

 1,918 km

 Border countries

 Afghanistan, Azerbaijan (Nakhichevan), Armenia, Iraq, Pakistan, Turkey, Turkmenistan

 Climate

 Mostly arid or semi-arid, temperate along Caspian coast and mountainous temperate along west and north-west.

 Natural resources

 Petroleum,  natural  gas, coal, chromium, copper, iron ore, lead, manganese, zinc, sulfur 

 Land use (1998):

 

 Arable land

 300,000 sq. Km                  18.2%

 Meadows and pastures

 900,000 sq. Km                   54.6%

 Forest and woodland

 120,000 sq. Km                     7.3%

 Other

 258,000 sq. Km                   15.7%

 Irrigated land

 70,000 sq. Km                       4.2%     

Agricultural products

 Wheat, rice, barley, potato, grains, sugar-beet, cotton, fresh & dried fruits, dates, pistachio, fruits, nuts,  poultry, meat, dairy products, wool; caviar, flowers and medicinal plants.

 Population

 76.03 million (2012)

 Population growth rate

 1.34% (2012)

 Religions

Muslim                                              99.56%

 

Zoroastrian, Christian & Jewish              0.44%

Languages 

 Persian and Persian dialects, Azeri, Kurdish, Lori, Baloochi, Arabic

Literacy (2011)

 Total      84.2%

 Currency

Rial (IRR)

GDP 

 448.2 billion US$ (2010)

GDP per capita

 6030 US$ (2010)

 GDP growth rate

 6.4 % (2010)

 Total Imports

53451  million US $ (2012) 

 Total Exports

98033 million US $ (2012)

Foreign Direct Investment 

 4870 million US $ (2012)

 Industries

Oil and gas, steel, aluminum, copper, electric and electronic equipment, cement & other building materials, metallurgy, home appliances, iron, textile, rugs and carpets, tapestry, miniature, ceramic, food processing (particularly sugar refining & vegetable oil production), petrochemicals, and car manufacturing & assemblies 

Electricity 

Production: 232,955 GWH (2010) 

 Transportation:

 

 Railways networks

 12000 km (2013)

 Road networks

 220000 km (2013)

 Ports

 11 commercial ports

 Airports

 54

 

Strategic Position

 

Islamic Republic of Iran with an area of 1،648،196 sq.km and nearly 76.03 million populations has been located in South- West Asia. The country neighbors with Turkey and Iraq in west, Afghanistan and Pakistan in East, Armenia, Azerbaijan, Russia, Kazakhstan and Turkmenistan in North and Kuwait, Saudi Arabia, Qatar, Bahrain, United Arab Emirates and Oman in South through Persian Gulf and Oman Sea. Therefore, Islamic Republic of Iran, as a strategic country, has got common borders with states of ESCWA in South and West, SAARC in East and CIS and Caucasus as well as UNECE in North. The country is regarded as one of the richest countries in hydrocarbure reserves, so that it ranks the second for gas reserve and its export as well as the second for exporting crude oil in the world. According to the reports of the international institutions like the World Bank, Islamic Republic of Iran, with having more than 700 billion dollars GDP, scores the eighteenth out of twentieth outstanding economies, eighteenth and sixteenth for population and area respectively.

Trade-Industrial Free Zones

 


Incentives and advantages for investment in Trade-Industrial Free Zones
1-Tax exemption for 20 years from the date of operation for all economic activities
2-Foreign investment and nearly a hundred percent of the amount invested.
3- Freedom of entry and exit of capital and profits
4- Protection and guarantees for foreign investments.
5- Abolition of entry visas and easily issue of residence permits for foreigners.
6-Facilitated regulation on labor relations, employment and social security.
7- Transfer of part manufactured goods to the mainland without paying customs duties.
8- Elimination of pay customs duties on imports from outside to the region and vice versa.
9- Employing trained and skilled manpower in all different skill levels and professions.
10- Utilization of raw materials, oil and gas as feedstock and fuel for all industrial activities.

The list of the Trade-Industrial Free Zones of the Islamic Republic of Iran are as follows:
1-Qeshm Trade-Industrial Free Zone 
2-Chabahar Trade-Industrial Free Zone
3-Aras Trade-Industrial Free Zone
4-Anzali Trade-Industrial Free Zone
5-Arvand Trade-Industrial Free Zone
6-Kish Trade-Industrial Free Zone
7-Maku Trade-Industrial Free Zone

Special Economic Zones

 


Incentives for investment in Special Economic Zones

• Import of goods from the above mentioned zones for domestic consumption would be subordinate to export and import regulations, and export of goods from these areas will be carried out without any formalities.
• Import of goods from abroad or free trade zones or industrial area-would be carried out with minimal customs formalities and good internal transit cases would be performed in accordance with the relevant regulations.
• Log entry of merchandise subject to this article will be done without any customs formalities.
• Goods imported from outside or industrial areas or other commercial zones can be exported without any formalities of the country.
• Management of the region is allowed to assign the region to qualified natural or legal persons after classification and valuation.
• Owners of goods imported to the region can send all or part of their goods for temporary entry in to the country after doing customs clearance regulations.
• If the processing of imported goods is to some extent that changes the tariff of goods, the rate commercial benefit of the goods would be calculated equal the commercial benefit of raw materials and spare parts of the country.
• Importers of goods are allowed to hand over to others part or all of their products against warehouse receipt to be issued by the district administration, in this case the breakdown warehouse receipt holder would be the owner of the goods.
• The management of each district is authorized to issue certificated of origin for goods per applicant out of the area with the approval of the customs.
• All the goods imported to the region for the required production or services are exempted from the general import-export laws. Imports of goods to other parts of the country will be subordinated to export and import regulations.
• Percentage of goods produced in the zone, based on paragraph (d) of clause (25) of the law of the second economic, social and cultural development plan of the Islamic republic of Iran imported to the country, the proportion of total value added and domestic parts and materials used in the total price of the commodity production is allowed without any limitation and in addition to not having to order and open letter of credit.
• Goods manufactured in special economic zones, as well as raw materials and imported CKD parts into the country is not subject to price regulation due to unutilized resources and allocated currency

The list of the special economic zones of the Islamic Republic of Iran are as follows:
1-Salafchegan special economic zone
2-Shiraz special economic zone
3-Assaluye special economic zone
4-Arge Jadid special economic zone
5-Payam Airport  special economic zone
6-Persian Gulf special economic zone
7-Lorestan special economic zone
8-Amirabad port special economic zone
9-Bushehr Port special economic zone
10-Shahid Rajaee Port special economic zone
11-Sarakhs special economic zone
12-Sirjan special economic zone
13-Yazd special economic zone
14-Bushehr special economic zon

Supportive Government Policies

 

 

The Law on foreign investment in Iran under the name of “Foreign Investment Promotion and Protection Act” (FIPPA) was ratified by the parliament in 2002.Some specific enhancements introduced by FIPPA for foreign investment in Iran can be outlined as follows:
1-Broader fields for involvement by foreign investors including in major infrastructure,
2-Broader definition given to foreign investment, covering all types of investments from FDI to different types of project financing methods including :Civil Participation, Buy –Back arrangements, Counter trade and various BOT schemes;
3-Streamlined and fast track investment licensing application and approval process;
4-Creation of a one stop shop called the “Center for foreign investment Services” at the organization for investment for focused and efficient support for foreign investment undertaking in Iran,
5-More flexibility and facilitated regulatory practices for the access of foreign investors to foreign exchange for capital transfer purpose

Economic Advantages

 

 

• The 18h largest economy in the world by purchasing power parity (ppp)
• Consumption and the government plans billions of dollars’ worth of further investment to increase this share. 
• The diversified economy and broad industrial base with over 40 industries directly involved in the Tehran stock Exchange is the industrial base in the MENA region.
• Resource-rich economy
• Labor-rich economy 
• Young and educated population 
• Large domestic market 
• The Middle East market is a prime market opportunity for Iran’s non-oil exports 
• An increasingly sophisticated infrastructure and human capital base providing the foundation for an emerging knowledge –based economy.




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