Date: 12 December 2021
According to Article 1 of the Registration Law, any company that is established in Iran and its main headquarters is located in Iran, is considered an Iranian company. According to Article 4 of the Executive Regulations on Foreign Investment Promotion and Protection Act (“FIPPA”), there is no restriction on foreign ownership in Iranian companies i.e. foreigners can in general hold up to 100 per cent of company shares in Iran. Such companies will have Iranian nationality and legal personality regardless of their ownership. However, there is no requirement as to having local people as shareholders or even in the board of directors in incorporated entities.
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According to Article 1 of the Registration Law, any company that is established in Iran and its main headquarters is located in Iran, is considered an Iranian company. According to Article 4 of the Executive Regulations on Foreign Investment Promotion and Protection Act (“FIPPA”), there is no restriction on foreign ownership in Iranian companies i.e. foreigners can in general hold up to 100 per cent of company shares in Iran.
