Iran makes privileged suggestion to Armenian businessmen on expanding business

YEREVAN, NOVEMBER 12, ARMENPRESS. The Islamic Republic of Iran offers profitable conditions to the Armenian businessmen in case of starting business and exporting in their country. Joulfa is the inviting city, which was declared a free trade zone by the decision of the Iranian Government yet in 2003.

A group of Armenian journalists paid a visit to Joulfa to get acquainted with the opportunities the free trade zone-city provides. At the course of the journey, the representative of the city’s industry department Hossein Sahdari stated that currently there are 37 industrial factories in the city and 8 others are ready for exploitation.

Among other things, the official noted that a very significant law has recently been ratified, which grants opportunity to foreign investors to establish a production and become a 100% owners. Also, each investor will have a tax privilege for 20 years and they will be free from all kinds of taxes and visa regimes have been facilitated for entering the city.