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"Five-Year Residence Permit" for Foreign Investors in Iran Capital Market
The SEO’s vice chairman of international and foreign investment affairs, detailed about the plan of granting a five-year residency to foreign investors in Iran capital market.
ꞌꞌFive-Year Residence Permitꞌꞌ for Foreign Investors in Iran Capital Market

5-Year Residence Permit for Capital Market Foreign Investors

SEO Vice Chairman of International Affairs announced the details of granting 5-year residence permit to the foreign investors purchasing stocks, bonds or units of investment funds in Iran Capital Market.
Bahador Bijani stated that this ratification was confirmed by the Cabinet, while the SEO Chairman highlighted this subject in a news session with government’s spokesman for the first time, to overcome the ambiguities.
 

He further noted that several meetings have been organized with the officials of relevant authorities such as the Interior Ministry, Organization for Investment, Economic and Technical Assistance of Iran (OAITAI), Central Bank of I.I Iran, the SEO, and other related institutions which was resulted in the project of providing a "5-year residence permit" to foreign depositors and investors.
 

"Based on this regulation, a minimum of USD 250,000.oo or its equivalent investment in Iran Capital Market, will receive residence permit to the family, including wife/husband, boys under 18 and unmarried girls and the spouses' parents, up to 5 people", Vice Chairman said adding that should investors wish to add more than 5 members in the list, an additional USD 50,000.oo or its equivalent as deposit or investment per person is obligatory.

The OAITAI is responsible for issuing the "5-Year residence permit".
 

Since the internationalization of Iran capital market is among the top agenda among SEO and other market players, Bijani expressed hope that this regulation would welcome by foreign investors and would definitely being extended.

Click here to find the "style guide" and the "form" for 5-Year Residence Permit.

 
 

ID: 50075277

Published on: Tuesday, May 18, 2021 00:00

View count: 44

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