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Privileges for operation of 12,000 companies abolished in Iran

Business Materials 7 October 2019 12:46 (UTC +04:00)

Baku, Azerbaijan, Oct. 7

By Elnur Baghishov - Trend:

During the first six months (March 21-Sept. 22) of this Iranian year (began March 21, 2019), the privileges for operation of 12,000 companies in the free trade zones in Iran have been abolished, said Mohsen Pourahmadi, the head of legal affairs at the Secretariat of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones, Trend reports via the Fars news agency.

As many as 1,970 companies were liquidated, Pourahmadi said.

More than 27,000 companies have been able to improve their legal information and continue operation in the trade zones, Pourahmadi added.

“Many companies have been trying to avoid taxation by announcing that they operate in free trade zones,” Pourahmadi said.

Name of trade zone

Created companies

Companies with valid documents

Companies with abolished privileges

Liquidated companies

Kish

12,293

5,009

6,162

1,035

Qeshm

6,863

6,333

0

506

Anzali

2,444

1,856

373

215

Araz

6,589

5,185

1,333

70

Arvand

6,696

6,348

234

109

Maku

4,030

402

3,015

10

Chabahar

3,618

2,485

994

25

Total

42,533

27,618

12,111

1,970

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