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Doing Business in Iran (Dayarayan) - Pars Times

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Which document need to registered branch <strong>in</strong> <strong>Iran</strong><br />

The applicants of establishment of a branch <strong>in</strong> <strong>Iran</strong> need to submit the<br />

follow<strong>in</strong>g documents to the Company’s Registrar <strong>in</strong> <strong>Iran</strong>:<br />

1. A written application by the company;<br />

2. Notarized certified copies of the company’s Articles of Association,<br />

certificate of <strong>in</strong>corporation, and latest changes thereto advise to the<br />

competent authorities.<br />

3. A report conta<strong>in</strong><strong>in</strong>g:<br />

a) Information perta<strong>in</strong><strong>in</strong>g to the activities of the company.<br />

b) Justification and the need for the establishment of a branch <strong>in</strong><br />

<strong>Iran</strong>;<br />

c) Nature and scope of the authorities given to the branch and the<br />

object of the branch;<br />

d) An estimate of human resources required, segregated between<br />

<strong>Iran</strong>ian and expatriate employees;<br />

e) The manner by which the local requirements of the branch<br />

(foreign currency and Rials) are funded.<br />

4. A letter from a government agency <strong>in</strong> the event that the company has<br />

concluded a contract with that agency;<br />

5. Registration declaration for the branch. This will be completed by us<br />

and forwarded to you for execution;<br />

6. A letter of authority authoriz<strong>in</strong>g the branch manager to act on behalf of<br />

the foreign company;<br />

7. A letter of commitment executed by the local representative undertak<strong>in</strong>g<br />

to proceed to liquidate the branch <strong>in</strong> the event the activities of the branch<br />

are term<strong>in</strong>ated by the <strong>Iran</strong>ian competent authorities;<br />

8. Notarized certified lost audit report & f<strong>in</strong>ancial statements<br />

K<strong>in</strong>dly note that any of the documents set out above which are prepared<br />

outside <strong>Iran</strong> must be certified by the competent authorities and confirmed<br />

by the foreign m<strong>in</strong>istry and notarized by the <strong>Iran</strong>ian Consulate <strong>in</strong> that<br />

Country. The above documents must be translated <strong>in</strong>to Farsi and the<br />

15

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