New Foreign Investment Promotion and Protection Act Enacted in Iran

Iran has recently enacted a new Foreign Investment Promotion and Protection Act (FIPPA) aimed at enhancing the country's appeal to foreign investors. The law provides a comprehensive legal framework offering protections and incentives, including the right for foreign investors to establish wholly-owned companies, own immovable property under the name of their Iranian companies, and repatriate profits without restrictions. This move is part of Iran's ongoing efforts to attract international investments and boost economic growth.

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