Doing Business in Iran (Dayarayan) - Pars Times

3. Review and preparation of grounds for investment by foreign company in
Iran.
4. Cooperation with technical and engineering companies in Iran, for
performance of works in a third country.
5. Promotion of Iranian non-oil exports.
6. Technical and engineering services and transfer of technology and technical
know- how to Iran.
7. Activities legally licensed by Iranian government authorities which are duly
authorized to issue such permits, in such areas as transportation, insurance,
goods inspection, banking, marketing and the like.
Article 2: A branch office of a foreign company shall be the local office of
the principle company, which directly functions and attends to business
within the objectives and duties undertaken by the principle company.
Therefore, and business activity by such branch office shall be in the name
and under the responsibility of the principle office of the company.
Article 3: A foreign company wishing to have registered its branch office
in Iran shall provide the Registrar of Companies and Industrial Ownership,
with the following information and documents, to be submitted along with
a written application:
1. Company’s article of association, notice of incorporation, and the last
change(s) registered with competent authorities.
2. The last confirmed fiscal report of the company.
3. A feasibility report containing information on the company’s
activities, by mentioning the reason(s) for registering the branch office in
Iran, nature and scope of its authorities and area of activities, as well as
the number of Iranian and foreign manpower needed for such activities
and the intended source of Rial and foreign currency supply.
Article 4: The representative of a foreign company shall be a natural person
or legal entity who, by signing a contract, undertakes the performance in
Iran of a certain part of the duties of the head office.
Article 5: Iranian natural persons and juridical entities applying for
registration of agent office of a foreign company in Iran shall submit, along
with a written application, a Persian translation of the original copies of the
following documents. to Register of Companies and Industrial Ownership:
1- Attested Photostat of the contract to in Article 4 above.
2- Identity papers of the applicant; for natural persons, a Photostat of
their birth certificate together with their legal address, and for juridical
entitles, the company’s articles of association and the last change(s)
made in the company registered with the competent authorities.
3- A profile of the Applicant’s previous business activities, relative to
the area(s) of activities intended for the contract signed for registering
the representative office in Iran.
4- The articles of association of the foreign company, notice of
establishment and the last change(s) made in the company registered
with the competent authorities.
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