TEHRAN, Iran, May 31
Trend:
Iran is to provide five year resident permit to foreign investors, to encourage investments in the country, said the First Vice President of Iran Eshaq Jahangiri, Trend reports via IRNA.
"It's necessary to remove obstacles that prevents foreign investors to reside in Iran as soon as possible, " he said.
The VP said the issues was discussed in a recent meeting attended by the foreign minister, minister of economic affairs and finances and representative of the Central Bank of Iran and other related organizations.
Iran has established a special committee which handles the issues related to attracting foreign investments into the country.
The report related to offering a 5-year permit for foreign investors to reside in Iran has been submitted to the mentioned committee, which discussed the existing obstacles on the matter, including a high investment fee of $250,000, no possibility of property ownership and other problems.
It has been agreed that the issue will be reviewed at the Interior Ministry, for any necessary solutions and moving on with the proposal.