Iran

Company Formation in Iran

SEO Title: Company Registration in Iran | Girimba International – LLC & Foreign Investment Setup
Meta Description: Register your company in Iran with Girimba International. We guide foreign investors through LLC incorporation, investment licensing, and bank account opening.

Country Overview

Iran boasts one of the largest economies in the Middle East, with vast oil, gas, and mineral resources, as well as a growing non-oil sector in manufacturing, agriculture, and technology. Despite international sanctions, Iran remains attractive to regional investors seeking untapped markets and low-cost production opportunities. The Iranian government promotes foreign investment through the Foreign Investment Promotion and Protection Act (FIPPA).Iran offers one of the largest consumer markets in the Middle East with over 85 million people and vast natural resources. The Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) facilitates foreign investment and company setup.

Advantages and disadvantages of Incorporating in Iran:

  1. 100% foreign ownership under FIPPA.
  2. Low labor and production costs.
  3. Large domestic market (85 million + people).
  4. Strategic location between Asia and Europe.
  5. Investment guarantees including profit repatriation and protection against expropriation.
  1. International banking restrictions and sanctions.
  2. Farsi-language legal and tax documentation.
  3. Bureaucratic procedures for licensing and foreign exchange.

Step-by-Step LLC Incorporation in Iran

  1. Reserve company name at the Company Registration Office.
  2. Draft Articles of Association in Farsi.
  3. Deposit minimum capital (typically IRR 1 million or more).
  4. Submit incorporation documents to the Company Registry.
  5. Receive Certificate of Incorporation.
  6. Register for tax with the National Tax Administration.
  7. Obtain commercial card for import/export.
  8. Open corporate bank account (local bank).
  9. Apply for sector-specific licenses if required.

Estimated timelines:

Company incorporation: 8–16 weeks (plus time for compliance checks).
Bank account opening:
8–24 weeks and potentially restricted due to correspondent banking limitations.

    Seek specific business information:

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    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

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    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.

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