Baku, Azerbaijan, Apr. 9
By Fatih Karimov - Trend:
Iran offers tax exemption for five years for foreign investors, Sadegh Ziaie Bigdeli, deputy head of Iranian Trade Promotion Organization said.
He made the remarks during a meeting with Chinese delegations in Tehran, ISNA news agency reported April 9.
The Iranian official further said that if the foreign companies use potential of Iranian production units to make high-quality goods and at least export 20 percent of the products, they will receive a 50-percent tax exemption as well after the 5-year period.
Ziaie Bigdeli also said that Iran is the largest market for retail goods in the Middle East.
Due to international sanctions, Iranian financial markets have been isolated from the world capital markets.
Over the past decade, in a bid to curb Iran's nuclear program, the international community took measures against Tehran, including restrictions imposed on the country's financial system, as well as industry, which had a catastrophic impact on Iranians and their living conditions.
In January, the international sanctions were removed as the nuclear deal between Iran and the world powers led by the United States and the European Union came into force. The subsequent leap in Tehran's stock market in late January and early February gave a hint of the country's investment potential.