Business in Iran

EENI- School of International Business

Subject: Doing Business in Iran Tehran. Syllabus:

1. Introduction to the Islamic Republic of Iran (Central Asia)
2. The influence of Shi'a Islam (Shiite) on Iran
3. Doing Business in Tehran
4. The Iranian Economy
5. The Privatisation Process in Iran
6. The Iranian banking system and the financial sector
7. The International Trade of Iran
8. Potential Iranian export sectors
9. The Development Export Bank of Iran
10. The Iranian Customs Administration
11. Case Study: The International North-South Transport Corridor
12. The Foreign Direct Investment (FDI) in Iran
13. Access to the Iranian Market
14. Business Plan for Iran

Case Study - Iranian Muslims Business People and Companies.

1. Islamic Revolutionary Guard - Bahman Group
2. “Bonyads”: The Mostazafen Foundation of the Islamic Revolution
3. The Iranian National Shipping Lines
4. Wagon Pars
5. Iran Carpet
6. Cooler Iran
7. Misr-Iran Textile
8. Aburaihan Pharmaceutical
9. Esfahan Mobarakeh Steel

The objectives of the subject “Foreign Trade and Doing Business in the Islamic Republic of Iran” are the following:

1. To analyse the Iranian economy and foreign trade
2. To evaluate the business opportunities in the Islamic Republic of Iran
3. To explore Iran's trade relations with the country of the student
4. To know Iran's Free Trade Agreements
5. To examine the profile of Iranian Companies
6. To develop a business plan for the Iranian Market

Sample of the subject - Doing Business in Iran

Description of the Subject: Doing Business in Iran.

The Islamic Republic of Iran.

1. Politics of Iran takes place in the framework of a Republic with Islamic ideology
2. The Constitution (December 1979) and its 1989 rectification define the political, economic, and social order of the Islamic Republic of Iran
3. The Constitution declares that Shi'a Islam (Shiite) of the Twelve school of thought is the official religion of Iran
4. The Persian (Farsi) is the most broadly spoken language
5. The Persian has had a significant influence on neighbouring languages, particularly the Turkic languages in Central Asia
6. The borders of Iran are Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey, and Turkmenistan
7. The Iranian Population: 78 millions of people
8. Area: 1,648,195 square kilometres
9. The Iranian Currency: Rial
10. Abolition of the slavery in Iran: 1928

Religion in Iran.

1. Islam. Almost 90% of the Iranians are Shiite Muslims, thus being the spiritual leader of the Shiite community in the World
2. An estimated 9% are Sunni
3. Iran is a Shiite Muslim country Imani - Twelver Shi'ism - (89% of the population), this branch is the majority in Shi'ism
4. “Jaafari” is the most common by the Iranian Shi'a school of law (fiqh)
5. Iran became an Islamic Republic after the 1979 Islamic Revolution
6. Before the Arab invasion, Persia (Iran) was the homeland of Zarathustra, founder of Zoroastrianism (Parsis), today virtually nonexistent in Iran
7. In Iran was born Bahaullah, the founder of Baha’i Faith

Iran belongs to the Central Eurasian Economic Area of the Islamic Civilisation.

The Iranian Economy.

The economy of the Islamic Republic of Iran was crippled by the 1979 Islamic revolution, the Iran-Iraq war, and attendant economic mismanagement.

1. The Islamic Republic of Iran ranks fourth on the diversity of export of the agricultural products in the World
2. The Islamic Republic of Iran is the second manufacturer of petrol and gas in the World
3. Iran holds fourth to ninth rank in the production of zinc, lead, cobalt, aluminium, manganese, and copper in the World
4. 233 Techno-Engineering projects have been executed in thirty-three countries by the Iranian companies over the last decade
5. The industrial commodities make up 70% of non-petroleum export
6. The Iranian import structure consists of capital, intermediated goods, and consumer products
7. Iran holds the seventh standing in tourist attractions

The Iranian petroleum industry is a largely developed industry with highly rated and valuable resources and capabilities with immense deposits of crude oil from which 130.798 billion barrels can be exploited in the form of primary and secondary recoveries.

Esfahan's Mobarakeh Steel is the largest industrial complex in the Islamic Republic of Iran and has been established and commissioned after the victory of the Islamic Revolution and entered into the functional stage in early 1993.

The Foreign direct investment is allowed in agreement with the prevailing laws and regulations of the Islamic Republic of Iran. All foreign investors are allowed to invest, for the goal of development and producing activities, in all sectors of industry, mining, agriculture, and services.

However, from the standpoint of the Iranian Government, only those investments should be eligible to benefit from the privileges and protections under the Foreign Direct Investment Promotion and Protection Act that have obtained the required licence under the act.

The Iranian Foreign Investment Company was incorporated on March 1998 as a Private Joint Stock company with a mission to manage and expand the Iranian holdings abroad.

The Central Bank of the Islamic Republic of Iran is the responsible for the conception and implementation of the Monetary and Credit Policies with due regard to the general economic policy of the Islamic Republic of Iran.

The Islamic Republic of Iran Customs Administration consists of a central Headquarters and ten branches of supervision. The President of the Iranian Customs serves as Deputy Minister of Finance and Economic Affairs, which is the highest position of the Customs Administration.

Omid R. Kordestani is an Iranian-American Businessman was a senior adviser to the founders of Google and non-Executive Director of Vodafone.

Bonyads - Mostazafen Foundation of the Islamic Revolution

Iran's Economic Organisations and Agreements.

1. Economic Cooperation Organisation (ECO)
2. Indian-Ocean Rim Association (IORA)
3. Asian Clearing Union (ACU)
4. Iran's Trade Agreements with Algeria, Syria, and Venezuela
5. Armenia-Iran Free Trade Agreement (FTA)
6. Organisation of Islamic Cooperation (OIC)
7. Arab League
8. Islamic Development Bank