Doing business in Iran - Dayarayan.net

DOING BUSINESS IN IRAN
Article 9: The branch or representative office of a foreign company registered in Iran pursuant to the
regulations set forth herein is operated by one or more natural persons residing in Iran.
Article 10: To enable foreign companies to fully enjoy the benefits and advantages foreseen by this present
Regulation and to perpetuate their activities in Iran, foreign companies already operational in Iran prior to
the date of entry into force of this Decree, shall be are required to provide the authorities concerned with
documents and information required pursuant to Articles 3 and 5 above, and also take the necessary steps
for adjusting their statues to the requirements set forth by this regulation.
Which document need to registered branch in Iran?
The applicants of establishment of a branch in Iran need to submit the following documents to the
Company’s Registrar in Iran:
1.
2.
3.
A written application by the company.
Notarized certified copies of the company’s Articles of Association, certificate of incorporation, and
latest changes thereto advise to the competent authorities.
A report containing:
a) Information pertaining to the activities of the company
b) Justification and the need for the establishment of a branch in Iran
c) Nature and scope of the authorities given to the branch and the object of the branch
d) An estimate of human resources required, segregated between Iranian and expatriate
employees
e) The manner by which the local requirements of the branch (foreign currency and Rials) are
funded
4. A letter from a government agency in the event that the company has concluded a contract with
that agency.
5. Registration declaration for the branch. This will be completed by us and forwarded to you for
execution.
6. A letter of authority authorizing the branch manager to act on behalf of the foreign company.
7. A letter of commitment executed by the local representative undertaking to proceed to liquidate
the branch in the event the activities of the branch are terminated by the Iranian competent
authorities.
8. Notarized certified lost audit report & financial statements.
Kindly note that any of the documents set out above which are prepared outside Iran must be certified by
the competent authorities and confirmed by the foreign ministry and notarized by the Iranian Consulate in
that Country. The above documents must be translated into Farsi and the English originals as well as the
translated versions must be submitted to the Company’s Registrar.
19