Nowadays, free zones are working as tools for industrial development and are aimed at exporting industrial goods, expanding international trade and commerce, generating new job opportunities, decreasing unemployment and eventually mutating the present discriminating structure of global trade. Shannon port, the first free zone in the world, was mainly aimed at creating jobs, absorbing foreign investments and transferring technology. In Iran, free and special economic zones were established in line with the objectives of social, economic and cultural plans and as means for connecting to target regional and international markets. Then, by changing trade strategies from import to production, export and re-export, these regions were given high priority by government.
The first trade and special economic zones are those parts of Iranian territory that are managed according to the special laws and bylaws and are excluded from the domain of custom authorities and enjoy the full freedom for in and out flow of goods and commodities. Unique geographical zones, sufficiently developed infrastructures and foreign investment incentives have provided ample opportunities for internal as well as foreign investments in the free zones. The parliament approved the free zones act in September 1993. According to this act, Kish Island, Qeshm Island and the port of Chabahar were declared as Iran's free zones. The council of ministers later adapted bylaws of the free zones; these bylaws have defined and set out all regulations pertaining to import, export, investment, insurance, banking, labor and employment in these zones.
If you wish to perform your activity in free zones in Iran, our firm will assist you to prepare all the necessary documents and register your company.
Please find the law on administration of free-trade industrial zones here.