News and Articles

25 May 25

Iran’s Ratification of the Palermo Convention: A New Chapter in Financial Transparency and Sanction Relief

The Palermo Convention, formally known as the United Nations Convention against Transnational Organized Crime, is the principal international instrument addressing transnational crime. It entered into force on September 23, 2003, and is accompanied by three protocols related to human trafficking, the smuggling of migrants, and the illicit manufacturing and trafficking…

20 May 25

New Threshold for Small Transactions Has Been Set

According to Article 3 of the Tender Act enacted in 2005, transactions are categorized into three types: small, medium, and large, based on their threshold value. At the beginning of each year, the Ministry of Economic Affairs and Finance proposes the threshold to the Council of Ministers, using the price…

29 Apr 25

Understanding and Obtaining the FIDA Code: A Complete Guide for Foreign Nationals in Iran

The FIDA code, the Foreigners’ ID Assignment Code, is a critical identifier for foreign nationals in Iran. This unique 12-digit code functions similarly to the national ID code used by Iranian citizens, enabling foreign nationals to access a wide range of administrative, economic, and social services. This report aims to…

26 Apr 25

Iran Unveils Bold Oil and Gas Sector Reforms at 2025 National Conference to Attract $130 Billion in Investment

At the National Conference on Transformation in Investment and Development of Iran’s Upstream Oil and Gas Industry in April 2025, Iran announced transformative reforms to make its oil and gas sector more attractive to foreign investors. These changes, aligned with the Seventh National Development Plan (2023-2028), address barriers like low…

25 Apr 25

National Investment Portal: Transparency for Investors

Introducing the National Investment Data Portal: Boosting Transparency forGlobal Investors and Local Entrepreneurs One of the important initiatives that the Law on Procurement of Production andInfrastructure has introduced is the launch of an Investment Information Portal. UnderChapter 5, titled “Facilitating Foreign Financial Procurement and EstablishingAnonymous Investment Packages,” Article 25 mandated…