A conversation with Anahita Asgari Fard, Partner of
Asgari'slaw firm in Iranon key issues
on foreign investment. (especially about FDI control in Iran.)
1. What is the applicable legislation?
The law on foreign investment in Iran under the name the
"Foreign Investment Promotion and Protection Act "(FIPPA)
was ratified by the parliament in 2002. The FIPPA and its executive
by-laws have enhanced the legal framework and operational
environment for foreign investors in Iran. According to FIPPA, all
foreign investors are permitted to invest, in all areas of
industry, mining, agriculture, and services in Iran.
Alongside FIPPA, the General Policies About Principle 44 of the
Constitution of the Islamic Republic of Iran ( 2005 ), and later
law on Implementation of General Policies of Principle 44 of
Constitution Law ( The Privatization Act 2008 ), and the Six
Economic Development Plan, are main regulations governing the
foreign investment in Iran.
