World getting ready to enter into Iran market: ISFIN pioneers welcome desk in Teheran with local partner SHAYAN

13/04/2015

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The United States, Iran and five other world powers have reached a framework agreement outlining the major points on Iran's nuclear programme, an agreement that is called a decisive step by EU foreign policy chief Federica Mogherini. In exchange for implementing limitations on Iranian nuclear programme, the major powers have agreed to suspend/end economic sanctions. If and when this happens, a market with 80 million consumers will be opened to the world, creating great opportunities for both Iranian and international companies.

Iran is definitely in the mind of any investor who is looking for a naturally rich country. As per a recent publication by the United States Congress in 2014, the country holds 10% and 15% of the world’s oil and gas production. This has made Iran to be known as the energy superpower around the world. The country held ‘2.1%’ of the world’s GDP share in 2013 and is on a consistent growth rate, continuing to ‘2.5%’ in 2014 and is expected to reach ‘3.0%’ by 2015. The International Monetary Fund had ranked Iran as the twenty first country in terms of world GDP in 2013. In the world trade of Iran, a huge hike from 2.7% to 4.4% had been found in 2014.

Since the beginning of the negotiations, the number of foreign companies’ delegations who have visited Iran to check the business environment has increased dramatically, although most of them withheld any activity until a concrete resolution is reached. Now with a resolution for the dispute in horizon and start of the new Iranian year, the economy is optimistic. This optimism has shown itself in the Tehran Stock Exchange’s benchmark index, which jumped 3.5% on Sunday to 70,261.7 at close, after rising more than 3% on Saturday.

For those companies that are willing to enter into Iranian market, this is the right opportunity to start investigating the market and getting their business plan ready.

ISFIN has been a precursor in establishing sound business contacts in Iran. ISFIN’s local partner SHAYAN Law Firm is a leading business law firm recognized locally and internationally. Together ISFIN & SHAYAN Law Firm have built up a business case to anticipate the legal, tax, administrative and market forecast issues to enter this huge market.

Prof. Laurent Marlière, CEO of ISFIN says : “Iran has been put in the shadow of world economy for political reasons but it remains a huge and solid retail market. It is NOW that foreign players have to anticipate the opening of the Iranian market and inform themselves on the market shares they can take, how to find a local distributor, where and how to set up a company or a branch !”

Narges Jannesari, Head of Finance and Investment Group at Shayan Law Firm, says : “Although Iran is a golden opportunity for investment, entering a new market should always be accompanied by precautions and observing legal affairs. It matters to do things right at the start point in order to build a solid presence in Tehran and rest of the country”

ISFIN is the world’s leading platform for professional firms specializing in Islamic Finance, investments from and to the Muslim world and the Halal industry. The alliance covers more than 65 jurisdictions around the world. ISFIN is composed of the most innovative and highly regarded independent professional firms in their field.

Contact Information:

Laurent MARLIERE

CEO

ISFIN (Islamic Markets Advisors)

Phone: +(32) 475422149

Email: LM@isfin.net

www.isfin.net

Narges JANNESARI

Head of Finance and Investment Group

Shayan Law Firm

Jam Building, Bidar St., Fereshteh St.,

Tehran, Iran.