Features of FIPPA Types of Investments Direct Investment

Features of FIPPA: Types of Investments: Direct Investment (Equity Participation) in All Areas Open to Iranian Private Sector Investment through Contractual Arrangements (Non-Equity Forms): -Buy Back Arrangements -Civil Partnership -BOT Schemes www. investiniran. ir www. iio. ir 1

Features of FIPPA: Areas of Investment: All Areas in Industry, Mining, Agriculture, and Services: -In Greenfield Projects -In Brownfield projects and existing companies www. investiniran. ir www. iio. ir 2

Features of FIPPA: Risks Covered under FIPPA: All non-Commercial Risks, i. e. Currency Transfer, Nationalization, expropriation, Government Intervention and Breach of Contracts by Government www. investiniran. ir www. iio. ir 3

Features of FIPPA: Boundaries of Investment: No Limit on Equity Percentage, No Limit on Volume of Investments, No Limit on Profit Transfer, No Limit on Capital Repatriation No Limit on Types of Capital Imported No Import / Export Restriction www. investiniran. ir www. iio. ir 4

Procedure Foreign Investor ( Phases 1 to 4 ) Ø 1. Identification and Selection of Investment Project Ø 2. Obtaining Preliminary Permit from Relevant Iranian Organization Ø 3. Issuance of Foreign Investment License Ø 4. Implementing of Project www. investiniran. ir www. iio. ir 5

Features of FIPPA Ø Investment Licensing Procedure : Simplified, Short and Transparent S u b mi s s i o n Of A p p li c a t i o n OIETAI Preparation And Submission Of a Report Foreign Investment Draft License Communicated Final License Issued Board Max 5 Days Max 10 Days www. investiniran. ir www. iio. ir 6

Foreign Investment Services Center ( FISC ) www. investiniran. ir www. iio. ir 7

Main Objectives of FISC • Facilitation the FDI procedures in Iran، • Coordination with Executing Agencies Related to Foreign Investment • A focal point for FDI applicants، • Facilitation of official procedures for required permissions and licenses www. investiniran. ir www. iio. ir 8

FISC Responsibility Chart Solving Custom Disputes Dissemination of information and provision of necessary guidance Necessary coordination for the securing of entry visa, residence and employment permits Corporate Establishment Related Activity FISC Services registration of order for importation of machinery and equipments Coordination for Necessary permissions environment protection license Declaration of establishment www. investiniran. ir www. iio. ir permits for subscriptions relating to utilities Exploration Permissions 9

FISC’s Members from Relevant Executing Agencies I. R. I Customs Administration Tax Organization Any Organization as per the case Ministry of Foreign Affairs Ministry of labor FISC Central Bank of Iran Office for the Registration Companies & Industrial Property Ministry of Agriculture Ministry of Commerce www. investiniran. ir www. iio. ir Department of Environment 10

Key Services Offered by FISC • • Dissemination of information and provision of necessary guidance to foreign investors concerning investment in Iran. General supervision concerning the fulfillment of decisions surrounding foreign investment projects. Necessary coordination concerning the issues related to foreign investment including issuance of from the relevant authorities, prior to the issuance of the investment license including: the declaration of establishment the environment protection license the permits for subscriptions relating to water, electricity, fuel and telephone the license for exploration and exploitation of mines, etc. www. investiniran. ir www. iio. ir 11

Key Services Offered by FISC (Contd. ) • • Necessary coordination concerning issues related to foreign investment preceding, during and proceeding the issuance of the investment license including registration of joint venture company registration of order for importation of machinery and equipments issues related to importation and repatriation of capital, customs and tax affairs, etc. www. investiniran. ir www. iio. ir 12

Contact Information Organization for Investment, Economic and Technical Assistance of Iran( OIETAI) Address: Davar Ave. Tehran P. O. Box: 11365/4618 Foreign Investment Office Tel: +98 21 33967755 – 33967075 Fax: +98 21 33967500 Websites: www. investiniran. ir; www. iio. ir E-mail: fisc@investiniran. ir www. iio. ir 13