Iran, Islamic Republic of

Iran, Islamic Republic of

Offers five-year Residency to Foreign Investors

30 Jun 2019

On 30 June 2019, the Iranian Government adopted a by-law that grants five-year residency to foreign investors in line with the strategy to encourage foreign investment. According to the law, the minimum amount required to grant investment residency permit for nationals of foreign countries who have been recognized by the Islamic Republic of Iran is 250.000 euros. It should be noted that the investment includes dollar or its equivalent in other currencies accepted by the Central Bank of Iran (CBI). The new law authorizes foreign investment to take shape in the form of opening accounts in Iranian banks, buying investment bonds and securities as well as investment in the housing sector.

Nature of measure:
  • Incentives
Type:
  • Promotion and facilitation (Investment facilitation )
Industry:
  • Not industry specific
Inward FDI:
Yes
Outward FDI:
No
Sources: