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Setting up branches office in Iran

Opening Branches and Setting up Representative Office in iran

Sara investment company is a leading in attract the capital in the Middle East and Iran, We can help you to invest and provide variety of investment ideas. One of the investment options, opening and set up your branches and representative offices in Iran. According to the World Bank, as the figures show, economy of Iran is growing and is the best option for investment. Large manufacturing companies, banks and financial institutions that want to Cooperate   with Sara investment company for establish a representative office in Iran and the Middle East's, Please fill the form and submit your request. Application for setting up branches office in Iran  
The Fields of Activities Permitted to be Carried Out by Foreign Companies
1. Supply of after sales services of foreign companies
2. To investigate and provide the means for investment by foreign companies in Iran.
Entering into joint ventures directly with Iranian natural persons and legal entities through creating a joint venture company or by making investment in already existing joint venture companies.
3. Increase of non-oil Iranian exports and transfer of technical know-how and technology.
The foreign companies transferring the know-how on production of various products to Iranian nationals,
And the foreign companies possessing the technology in respect of industrial products that intend to transfer the technology in respect of production of the said products to Iranian nationals through setting up factories and plants, may register a branch or representative office of their company in Iran.
4. Carrying out activities that require a permission from the relevant government organizations such as offering services in the fields of transportation, insurance, surveillance, banking, marketing, etc.
The foreign companies that have entered into a contract to supply services in various fields that require a permission to be issued by a government organization, with a government body, may register a branch or representative office of their companies in Iran.
In all other cases, offering services in the fields of transportation at sea, on land (road and rail) and by air, shall require permission from the pertinent organizations such as the Organization for Transportation and Terminals. Also, operation in the field of banking shall require permission from the Central Bank of Islamic Republic of Iran. Similarly, operating in many other fields shall require permission from the pertinent organizations to carry out business in Iran.

Documents Required for Registration of the Branch Office of a Foreign Company
Foreign companies intending to set up a branch office of their companies in Iran must submit the following documents to the Companies Registry in Tehran:
1. Request in writing to be submitted by the company.
2. Certified photocopies of the articles of association, notice of incorporation, and the last changes in the company registered with the authorities concerned.
3. The last confirmed financial report of the company.
4. A feasibility study in which the information on activities of the company have been described. The feasibility study must also contain the following information:
a. Information concerning activities of the company.
b. A description of the reasons and the needs for registration of the company in Iran.
c. A description of the type and scope of authorities and the place of operation and business of the branch office of the company in Iran.
d. An estimate of the required local and expatriate work force.
e. The manner of procurement of the funds in rials and in foreign currencies required for running the affairs of the branch office.
5. Presentation of a letter of introduction from a government entity in case the branch has been set up for implementation of an agreement between the foreign company and that government entity.
6. The Statement of Registration (a form to be filled in and signed by the foreign company).
7. The Certificate of Registration (a form to be filled in and signed by the foreign company).
8. The Letter of Authorization given by the foreign company to its principal representative(s) in Iran.
9. A Letter of Undertaking whereby the foreign company undertakes to wind up and close down its branch office in Iran in case the activity permit given to the branch office by Iranian authorities shall be revoked and cancelled.
The branch office in such case must be closed down by designating a liquidator who shall wind up and liquidate the branch office within a period to be specified by the Companies Registry.
10. All documents prepared by the foreign company for the above purpose must be certified by the authorities concerned (such as local registries, followed by confirmation by the Foreign Ministry of that country and then confirmed by Iranian embassy there. The above said documents must thereafter be translated into Persian by official translators and certified by the Judiciary and the translations and original documents must then be submitted to the Companies Registry for registration of the branch office of the company.
11. The Documents Required for Registration of Representative Offices of Foreign Companies
a. In cases where a natural person shall act as the representative of a foreign company, the Persian translation of the following documents and evidences must be submitted to Companies Registry:
1. Certified photocopy of the Agency Agreement concluded with the foreign company.
2. Photocopy of the Identification Booklet (shenas'nameh).
3. The address of the place of residence of the agent and the address of the office of the agent.
4. Presentation of the past record of activities of the agent in respect of the works to be carried out under the agency agreement.
5. A certified photocopy of the articles of association of the principal foreign company, together with the notice of registration and the last changes of the company registered with the competent authorities.
6. A report on the activities of the principal foreign company and a description of the reasons on the necessity of obtaining agency.
7. The last audited fiscal report of the principal foreign company.
8. Submitting a letter of introduction by the ministry concerned (in case the contract has been concluded with a government entity).
9. Statement of Registration of foreign company.
10. Certificate of Registration of foreign company.
11. A letter of authorization of the principal representative(s) of the foreign company.
12. All documents of the principal company that will be drawn up in foreign countries must be certified by the authorities concerned (such as the companies registries), confirmed by the foreign ministries of those countries and confirmed by the Iranian embassy there. The above said documents must be translated into Persian by official translators and certified by the Judiciary. The translations and original documents must then be submitted to the Companies Registry for registration of the agency.
b. In cases where a legal entity acts as the agent of a foreign company, it must submit the Persian translation and the original copies of the following documents to the Companies Registry:
1. A certified photocopy of the agency agreement concluded with the foreign company.
2. A certified copy of the articles of association of the company applying for registration of agency.
3. The notice published in the Official Gazette in respect of incorporation of the applicant company.
4. The Notice published In the Official Gazette of the last registered changes, especially in respect of the directors of the applicant company.
5. The records and history of activities of the legal entity applying for registration of agency in respect of the works undertaken under the agency agreement.
6. The articles of association of the foreign principal company, its Notice of incorporation and its last changes registered with the authorities concerned.
7. A report on the activities of the principal foreign company and a description of the reasons on the necessity to obtain the agency of that company.
8. The last audited financial report of the foreign principal company.
9. Submitting a letter of introduction of the ministry concerned (in case the contract has been concluded with a government entity).
10. Statement of Registration of the foreign company.
11. Certificate of Registration of the foreign company.
12. All documents of the principal company that will be drawn up in foreign countries must be certified by the authorities concerned (such as the Companies Registry), confirmed by the Foreign Ministry in those countries and certified by Iranian embassy there. The above said documents shall be translated in to Persian by official translators and certified by judicial authorities. The translations and the original documents shall then be submitted to the Companies Registry for registration of the agency.

 

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