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Investment Incentives in Trade-Industrial Zones

Investment Incentives in Trade-Industrial Zones:

"Trade-Industrial Zones", have been included in the program of work of the Government of the Islamic Republic of Iran from two decades ago. Today, development of their domain of action, with the purpose of boosting and facilitating production of goods and services, and their export, alongside assisting with and contributing to the transfer of advanced technologies, boosting and facilitating the provision of requirements and urgent needs, as well as provision of financial resources and foreign investment, together with development of strategic ties and expansion of cooperation and participation of countries from the region and the world, have been all emphasized at the highest levels of policy- making of the country which have also been ratified by the Supreme Leader of the Islamic Republic of Iran. Hormozgan province has 2 Trade-Industrial Zone of Kish, Qeshm. 

A- Regulation Advantages Qeshm free zone:  

  • 20% years tax exemption.
  • 100% foreign investment ownership. 
  • Exporting goods, produced in the Free Area to the mainland, equal to their added value, without any customs duty.
  • No customs duty on re-exported goods to foreign countries.
  • Visa issuance for the foreigners at the Qeshm Island entries.
  • Complete guarantee of foreigner's capital. 
  • No restriction on repatriation of foreign capital and profit.
  • Free movement of foreign exchange. 
  • Selling and leasing land to local investors and also leasing land to foreign investors. 
  • Providing proper facilities to local and foreign bankers. 
  • Appropriate and simple labor regulations. 
  • Least formalities for business activities.
  • Quick and easy company.

 

The Advantages and privileges of investing in Qeshm free zone

  • An estimated 200 million people market: Iran's mainland market, CIS and the Middle East markets, neighboring countries such as Iraq, Afghanistan as well as southern Persian Gulf countries. 
  • Access to international waters and centrally local- ed on North-South Trade Corridor, one of the major transit routes traveling from Asia to Europe. 
  • Locating right in the middle of the energy market with due attention to the existence of the Oil and Gas fields of Gavarzin, Salakh and Hengam re-gions, exceptional advantage for related industries.
  • High potential capacity of the Qeshm Island in using the unlimited aquatics sources of Persian Gulf in terms of producing and breeding.
  • The existence of International Airport with Competitive domestic and international Flights.
  • Connection to the cross - country power network.
  • Appropriate deep shores and special loading and unloading jetty for heavy vessels.
  • Existence and access to natural gas resources.
  • Iran's first point of entry in the Persian Gulf.
  • Rapid customs services and cargo clearance.
  • Dedicated logistics center.
  • Extensive cargo handling facilities.
  • Recreational and tourism sites such as beautiful southern beaches and the mangrove sea forest.
  • The Persian Gulf Bridge, already under construction, designed for both road and rail traffic, connects the island's main port, Kaveh, to Bandar Abbas-CIS railroad which facilitates transit of goods to the Iran's north and northeast countries.
  • 15 km distance between Kave wharf and Shahid Rajaee Port in Bandar Abbas city (the biggest and the most important and equipped cargo port of Iran).
  • Providing more facilities for oceangoing vessels considering that 102 hectares of Shahid Rajaee Port in special economic zone allotted to Qeshm Free Area Organization.
  • Proximity (about 30 min) to Bandar Abbas International Airport (The sixth largest airport of Iran) with 40 domestic and international flights per day.
  • Proximity to Kish Island, 4th destination of tourism in southwest of Asia

 

B- Regulation Advantages of Kish free zone:

  • 20-year tax exemption for any kind of activity.
  •  Legal guaranty and support for foreign investment.
  • Company registration with 100% foreign ownership.
  • Activity of foreign stock exchange and product, oil and petrochemicals exchange.
  • Exporting products abroad without customs and port materials and industrial machinery for manufacturing units.
  • Simple formalities for re-exports and product transit.
  • Product transit to the countries of Middle Asia and neighboring countries with a population over 400 million people.
  • Hosting vessels with capacity of 12000 tons presently and 35000 tons in the future.
  • Exporting products abroad without customs and port duties.
  • Low commercial interest for importing products to the country through Kish Island by 15% Independent customs in the free zones in the point connecting to the international markets.
  • Free entering and exiting for capital principal and interest.
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