Tehran, Iran, Sept. 11
Trend:
Sorena Sattari, Iran's Vice President for Science and Technology, said the country’s knowledge-based firms will join the stock market in a bid to stimulate their economic activities and increase income.
The firms have been receiving government funding in the past years, but today have come to this conclusion that they should expand their activities via private investors and not the government, he added, IRNA reported.
There are currently 3,700,000 knowledge-based firms active in Iran, which receiving the government financial aid, Sattari said.
The firms would have a more promising future by getting help from the private sector, he said.
The regulations on applying for knowledge based companies first showed up in Iran’s parliament in 2003, to promote the country’s knowledge economy and the advancement of technology and science in the country.
Companies that successfully get registered as knowledge-based companies, have the luxury of getting special treatments, facilities and governmental grants which include a tempting 15 years of tax exempt, science labs, spaces at techno parks, loans, exempt on import and custom tax and more.
Back in 2013 there were only two active companies that were registered as a knowledge based companies. In 2014 a total of 135 were active and by the end of 2015, 1610 active knowledge based companies were active in the country and were privileged with this special treatment.