Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Iran (Islamic Republic of) (200) > Economic and social policy (18)

Name: Law for the attraction and protection of foreign investment in Iran.
Country: Iran (Islamic Republic of)
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1995
Entry into force:
Published on: internet: www.aghayan.com/Iran, 7p.
ISN: IRN-1995-L-57566
Bibliography: internet: www.aghayan.com/Iran, 7p.
Abstract/Citation: Applies to persons, companies, and private firms of foreign nationality investing in Iran either in cash or in the form of factories, machinery and parts, equipment, patent rights, expert services, for development, rehabilitation, and productive activities in industry, mining, agriculture and transport. Establishes that capital imported into Iran in accordance with this law, as well as profits accrued therefrom, shall enjoy the legal protection of the government and that all rights, exemptions, and facilities accorded to domestic capital and private productive enterprises shall also apply to foreign capital and firms. Provides for compensation where the enactment of special legislation deprives the foreign investor from ownership. Also provides for implementing regulations.

© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer