Iran encourages foreigners to invest in free trade zones

By  Trend

Iranian Economy Minister Ali Tayebnia has encouraged foreigners to invest in developing the Islamic Republic’s free trade, industrial and special economic zones.

The minister has said that those who are involved in economic activities in the free trade, industrial and special economic zones will be exempt from paying tax for 20 years.

He made the remarks addressing the 20th General Meeting of Asia-Pacific Central Securities Depository Group (ACG) in Tehran, Trend correspondent reported from the event.

Tayebnia also said there are no restrictions regarding the volume of foreign investment in the special economic zones.

The country will ease visa requirements for those investors doing business in the special economic zones, he added.

Twenty-one countries attended the 20th General Meeting and Conference of Asia-Pacific Central Securities Depository Group (ACG) opened in Tehran on Dec. 6.