Foreign Investment Promotion and Protection Act (FIPPA)
Features and Advantages of FIPPA
-There is no restriction on the percentage of foreign shareholding,
-The possibility of registration an Iranian company with 100% foreign capital
-Transfer of principal capital, dividend and the profits gained through the utilization of capital in the form of foreign currency or goods,
-Enjoyment of same and equal treatment as accorded to domestic investors by foreign investors.
-The possibility of investment by foreign natural and juridical persons and Iranians living abroad
-Allowing to invest in all areas which are permitted to the private sector
-Granting protection coverage to all foreign investment schemes
-Quick approval of the Foreign Investment Application
-Issuing a three-year residence license for foreign investors, directors, experts as well as their immediate family members
Risks covered under FIPPA
-Expropriation and nationalization
-Unlimited transfer of capital and dividend
-Guarantee of the purchase of the goods and services resulting from investment projects in BOT investment schemes where the government acts as the sole purchaser.