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flag Iran Iran: Operating a Business

In this page: Setting Up a Company | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Sherkat Sahami Khass is a private company limited by shares.
Number of partners: 3 shareholders minimum.
Capital (max/min): 1 million IRR minimum capital.
Shareholders and liability: Partners' liability is limited to the amount contributed in shares (nominal value)
Sherkat Sahami Aam is a public company limited by shares.
Number of partners: 5 shareholders minimum.
Capital (max/min): 5 millions IRR minimum capital.
Shareholders and liability: Partners' liability is limited to the amount contributed (nominal value)
Sherkat tazamoni is a company (partnership) where liability is collective. Such a company must be indicated by the name of at least one of the partners. "Partnership" must appear in the name.
Number of partners: 2 shareholders minimum.
Capital (max/min): No minimum
Shareholders and liability: Partners' liability is limited to the amount contributed.
Sherkat-e mokhtalet-e-ghair-e sahami is a limited partnership company. It is a company established for trading.
Number of partners: 2 shareholders minimum: 1 or more "general partner" and 1 or more dormant partner.
Capital (max/min): No minimum
Shareholders and liability: A general partner will be responsible for any debt higher than the assets (jointly and severally liable).

a dormant partner is responsible only to the extent of its contribution to the partnership

The Competent Organization
If registering a branch or a representation, the Office of registration of companies and industrial property must be contacted: If an overseas investment, it is necessary to contact the OIETAI or the Ministry of Foreign Affairs.
 
Setting Up a Company Iran Middle East & North Africa
Procedures (number) 7.0 8.0
Time (days) 13.0 23.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Iran.
Iran Civil Center

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Working Conditions

Legal Weekly Duration
39 hours
Retirement Age
60 years
Working Contracts
Employment contract requires a rather flexible formality. Dismissal procedures are very rigid.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
IRR 3,030,000 per month (source: ILO, 2010).
Average Wage
The average annual salary is USD 2,700.
Social contributions
Social Security Contributions Paid By Employers: 23%.
Social Security Contributions Paid By Employees: 7%

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Social Partners

Social Dialogue and Involvement of Social Partners
Independent trade unions are prohibited. Iranian trade unions are represented by an organization called "Worker's house", whose leaders are subject to selection criteria imposed by the State.
Unions
Unionization Rate
Independent trade unions being prohibited, the rate of unionization does not have any meaning.
Labor Regulation Bodies
Ministry of Labor and Social Policy (in Arabic)

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Last Updates: October 2014