The future of Iran is intertwined with its new economic zones. These, in turn, benefit from the country’s political stability that raises investor confidence
Traditionally, Iran has virtually bled natural resources; its main exports have been in the form of raw, unprocessed materials with minimal value addition.
President Hassan Rouhani dictates increasing the role of private sector in economic development , which will in turn generate thousands of jobs, attract the transfer of new technologies, and greater wealth in the form of higher export earnings and increased foreign direct investment.
Invest in Iran
The objective of the Special Economic Zones (SPZ) is to attract and promote investment for export-led industrialization and the processing of local raw materials, including leather, textiles and garments, lapidary, wood, and fish.
There are several advantages and incentives for members of these schemes. Investors enjoy exemption from corporate tax and withholding tax on rent, dividends and interest; remission of all taxes on raw materials and capital goods; exemption from taxes and levies imposed by local government authorities on products produced in SPZs; and exemption from VAT on utility and wharfage charges.
Beyond fiscal incentives, another benefit of exporting from Iran lies in the country’s that 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.
If the processing of imported goods i 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.
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