104-With which countries has Iran signed the Agreement on the Avoidance of Double Taxation? And are they enforceable at present?
Before the Revolution, Iran had signed the Agreement on the Avoidance of Double Taxation with two countries, France and Germany, in 1964. After the Revolution, 19 agreements has been signed worldwide.
105-With which countries has Iran signed the Agreement on Reciprocal Promotion and Protection of Investment?
The Agreement on Reciprocal Promotion and Protection of Investment has been signed with 40 countries, the final ratification procedure for a number of them is still on the way.
106-Has Iran concluded any multilateral investment agreement?
Yes, the Government of the Islamic Republic of Iran has joined the Agreement on Promotion, Guarantee and Protection of Investment among OIC member countries as well as the agreement among ECO member countries.
107-Has Iran joined the Multilateral Investment Guarantee Agency (MIGA)?
Yes, the Islamic Republic of Iran is a member of MIGA at present, to this end foreign investors can enjoy the guarantee mechanisms of this agency as well. Although FIPPA along with bilateral and multilateral investment agreements signed by Iran, provides sufficient protections against non-commercial risks, membership to MIGA gives a double guarantee.
108-Which laws and regulations are necessary for potential foreign investors?
In addition to FIPPA and its Implementing Regulations which protect rights of foreign investors, OIETAI recommends the investors to acquire knowledge of the following regulations:
• Commercial Code (sections related to joint stock companies);
• Export and Import Regulations;
• Iranian Tax Code;
• Customs Law;
• Labour Law (to find out how to employ foreign services);
• Law for Registration of Patent and Trade Marks (to know about industrial and intellectual property rights).