Foreign exchange directive to support foreign investors
Foreign exchange directive to support foreign investors

خانه Foreign exchange directive to support foreign investors

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Foreign exchange directive to support foreign investors

Foreign exchange directive to support foreign investors

Foreign exchange directive to support foreign investors: According to the new foreign exchange directive of the government, foreign exchange transfers will be free for the entry, use and exit of foreign capital based on foreign exchange.

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Foreign exchange directive to support foreign investors

In his press conference with reporters, Ahmad Jamali announced the government’s new plan to attract foreign investors and said: “During the past few days, in coordination with the Foreign Investment Organization of Iran and the Central Bank, an instruction has been issued based on foreign exchange transfers for entry and use.” And the outflow of foreign investors is calculated at the free exchange rate.

The Director General of the Foreign Investment Office of the Investment Organization of Iran added: “This instruction has been announced in recent days in accordance with Article 12 of the Law on Support and Encouragement of Foreign Investment. The day the bank announces that this rate is set equal to the average free exchange rates available in the market.

He added: “Until now, foreign investors had many problems to calculate the incoming currency to the country at the exchange rate, which seems to be a very important incentive for them to communicate this instruction.”

Jamali also informed about the coverage of non-commercial risk of foreign investors by the Government of the Islamic Republic of Iran and noted: All non-commercial risks of foreign investors, including transfers, confiscation, breach of contract and expropriation will be covered so that investors can enter their capital safely.

According to the Director General of the Foreign Investment Office of the Investment Organization of Iran, tax incentives to provide to domestic and foreign investors have recently been approved by the Islamic Consultative Assembly, which offers various tax benefits, especially in the field of hospitality and hospital construction.

He continued: “Foreign investors who, in cooperation with their Iranian counterparts, register a joint venture and invest, use the benefits and exemptions contained in the law, from the beginning of April this year.”

Jamali said that the most foreign capital attracted in recent months was in the field of renewable energy, noting that in the past, land acquisition was prohibited for foreigners in the free zones of the country, but now, if a company is registered by them, they can own or lease land. This will motivate investors and create competition.

Significant growth in the inflow of foreign capital into the country

In response, the Director General of the Foreign Investment Office of the Investment Organization of Iran said: “The process of accepting foreign investors has greatly increased in recent months and is unimaginable compared to the same period last year in terms of the number of projects and investment volume.”

He added: “A unique opportunity has been provided for the country in the field of attracting foreign investment, and the Foreign Investment Organization manages all the affairs of acceptance, employment and entry of investors within the framework of the country’s laws and regulations.”

Jamali considered the law of encouragement and protection of foreign investors in Iran to be very progressive and pointed out that foreign capital can be attracted directly or through contractual arrangements such as reciprocal sale, civil partnership and BOT, while limiting the choice of implementation method. Not available to investors.

“Land acquisition is a special issue for investors and there are problems in some countries, but in Iran, if foreign investors build any hotel or institution by forming and registering a company, they can,” said the director general of the Foreign Investment Office of the Iranian Investment Organization. They own land, but this requires them to register a company in Iran and buy or rent a place.

In the end, he said: “Transfers of resources and capital that investors want to enter the country in cash and non-cash, including machinery, equipment, raw materials and technical knowledge, are completely allowed, and they can enjoy the country’s coverage in this area.”

Author: persian / Date: 2017-10-26
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