TEHRAN, Iran, Dec.16
Trend:
Tax exemption, export without customs duty and registering a foreign company with 100% ownership are among incentives considered in Iranian Free Zones, CEO of Chabahar Free zone organization said.
“The recent meeting focused on joint ventures with Uzbekistan in various fields,” Abdul Rahim Kordi told Trend referring to the Iran-Uzbekistan Trade Commission meeting held in Tashkent last week.
Referring to MoU signed between Iran and Uzbekistan during the meeting, the CEO noted that the document focuses on the joint investment in the field of pharmaceuticals, construction materials and logistics hubs.
“Iran has seven free zones and many special economic zones,” Kordi added. “Registering a foreign company with 100% ownership is considered as an incentive to attract investment.”
Referring to other incentives, he said that the tax exemption for these companies has been in place for 20 years.
“Tax exemption in these areas, as well as export without customs duty are among incentives considered in free zones,” said Kordi. “Investing in these zones could be good opportunities for foreign companies seeking to export to Africa and East Asia.”
He went on to say that there is readiness to provide space for warehousing, production and re-export in the Chabahar Free Zone.
“We can provide access to Southeast Asian countries through Iran's Chabahar and Sarakhs, and to Turkmenistan via the North and South Corridor. The necessary coordination work is done to arrange export from Shahid Beheshti Port to India,” he said.
The 13th session of Iran-Uzbekistan Economic Commission was held in the Uzbek capital Tashkent on Dec. 12-13. Representatives of both countries from the public and private sectors exchanged views on expanding bilateral economic collaboration in different areas.