Trademark Application Process in Iran (A Practical Brief)
In today’s world brand and trademarks are an integral and influential part of every business, and it will be difficult to imagine a business growing and expanding without proper registration of their brand. We previously touched upon the overall framework for registration of trademarks in Iran and briefly discussed the legal requirements for registration of […]
Trademark Protection in Iran (An Introduction)
Trademarks are an inseparable part of today’s commercial world. They are sometimes considered as identification document for products and services. Under the Iranian laws, “the exclusive right to use a Mark shall belong to the person who registers his Mark”. This principle is reflected in Article 31 of the Patents, Industrial Designs and Trademarks Registration […]
Foreign Investment in Iran; A Growing Trend
Although Iran’s economy has been under pressure since US unilateral withdrawal from JCPOA, UNCTAD’s latest report published in June 2022 shows a 6.18% growth in Foreign Direct investment in Iran throughout 2021. In its report “World Investment Report 2022”, UNCTAD anticipated even further growth in foreign investment in Iran. With this in mind, the question […]
Iranian National Tax Administration announces incentives for Knowledge-Based Enterprises (KBEs)
On June 28th, 2022, Iranian National Tax Administration (INTA) announced the tax regime stipulated under the Law on Knowledge-Based Production Surge (the “Law”) which was passed earlier by the Parliament on May 1st, 2022. This law targets facilitation of knowledge-based activities, supporting innovators and setting the scene for further investment in elite human resources. This […]
Iran Government to form a new Ministry of Commerce
Formation of Ministry of Commerce; Iran Government’s tactic to boost trade Iran’s Government and the Parliament are pursuing a plan to form a new ministry of commerce through segregation of the current ministry of “Industry, Mine and Trade”. Iran’s Parliament has introduced draft of a bill which was also agreed by the government last week. […]
Iran’s New Step toward Supporting Knowledge-based Companies
Iran’s New Step toward Supporting Knowledge-based Companies
Central Bank of Iran’s New Circular on Sales and Purchase of Foreign Currencies
On Thursday 16th June 2022, Central Bank of Iran (CBI) issued an important circular introducing new conditions for sales and purchase of foreign currency by licensed exchanged offices. This change is targeting regulating the exchange market in a more efficient manner, said CBI. This circular allows exchange offices to purchase foreign currency from all natural and legal persons […]
A note on Iran “New” Value Added Tax (VAT) of 23 May 2021
The Permanent Value Added Tax Act was approved on 23 May, 2021 and entered into effect on the 3 January, 2022. The implementation of this Act has caused changes in the Iranian tax system which aims to increase the prosperity of businesses and make taxes more effective. Prior to this, for about 13 years since September 2008, the temporary VAT Act had been implemented in Iran.
The Law on Facilitation of Business Licensing
What changes has the Facilitation of Business Licensing Act made to issuance of business licenses?
On March 15, 2022, the Iranian parliament passed a law called the “Facilitation of Business Licensing Act” (FBL). The implementation of this Act has started since May 30, 2022 after the notification made by the President of Iran in this respect. The FBL has 5 articles and 16 notes, the purpose of which is to remove unnecessary barriers to business applicants in the country.
