Karimi & Associates Law Firm and Smart Invest Iran Joint Newsletter for March 2018 is published.<\/p>\n
Arvand Free Trade Zones
\nAccording to the legally accepted definition, the free trade zones and special economic zones are those parts of the Iranian territory that are managed according to the special laws and bylaws and are excluded from the laws of the governing motherland.
\nFree Zone law:
\n\u2022\u00a0\u00a0 \u00a0Law on the Administration of Free Trade-Industrial Zones of the Islamic Republic of Iran on August 29, 1993.
\n\u2022\u00a0\u00a0 \u00a0Approved by the Expediency Council on November 12, 1996
\n\u2022\u00a0\u00a0 \u00a0Amended by the Expediency Council on July 21, 1999
\nArvand free zone- Supporting Iran and Iraq’s oil fields- is located in the northwest of the Persian Gulf with an area of 37400 hectares at the confluence of two rivers of Karun and Arvand. It shares borders with Iraq and Kuwait.
\nIndia to develop trade and investment in the Arvand Free Zone
\nSpeaking at a meeting with trade officials in Arvand Free Zone, Saurabh Kumar (India’s ambassador to Iran) emphasized the development of trade and economic relations between the two countries, adding \u201cIran’s trade volume with India has risen from $70 million to $227 million.\u201d
\nHe added Arvand Free Zone (Abadan and Khoramshahr districts) is a valuable area for investment, as it plays an important role in the production and export of petrochemicals.
\n“India has been making significant progress in technology and IT,” he noted, adding “We are expected to contribute to the economy of Arvand Free Zone.\u201d<\/p>\n
Competitive Advantage Karimi & Associates Law Firm and Smart Invest Iran Joint Newsletter for March 2018 is published. Arvand Free Trade Zones According to the legally accepted definition, the free trade zones and special economic zones are those parts of the Iranian territory that are managed according to the special laws and bylaws and are excluded from the laws of the governing motherland. Free Zone law: \u2022\u00a0\u00a0 \u00a0Law on the Administration of […]<\/p>\n","protected":false},"author":4,"featured_media":3089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[31],"tags":[],"class_list":["post-3088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications"],"yoast_head":"\n
\n\u2022\u00a0\u00a0 \u00a0In the neighborhood of Iraq and the possibility of transit and exportation of goods through the border crossing of Shalamcheh, Khorramshahr Railway, Basra and Arvand River waterway, and Khorramshahr port
\n\u2022\u00a0\u00a0 \u00a0\u00a0 Access to the Persian Gulf<\/strong> and open sea through the Arvand River
\n\u2022\u00a0\u00a0 \u00a0\u00a0 Connection to the country\u2019s road transport network
\n\u2022\u00a0\u00a0 \u00a0\u00a0\u00a0 Connection to the rail network<\/strong> across the country through the Railway station of Khorramshahr
\n\u2022\u00a0\u00a0 \u00a0\u00a0\u00a0 Easy<\/strong> and cheap<\/strong> access to energy resources<\/strong>
\n\u2022\u00a0\u00a0 \u00a0\u00a0\u00a0 Khorramshahr port is one of the most important container ports and the port of Abadan
\n\u2022\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 International airport with domestic and international flights
\n\u2022\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 Connection to the National Power Grid
\n\u2022\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 Benefiting from plenty of freshwaters and extensive lands in the region
\n\u2022\u00a0\u00a0 \u00a0\u00a0\u00a0 Abundant resources of oil and Abadan refinery to invest in oil, gas, and petrochemical industry
\nNew market potentials in Arvand Free Zone due to visa waiver
\nNew market potentials are being created in the Arvand Free Zone just after implementing the visa waiver policy.
\nThe visa waiver scheme enacted in December 2017 by Arvand Free Zone, Khuzestan Province, has led to a surge of tourists from neighboring Iraq. The visa rule applies to all free zones, but has had little impact on tourist numbers in other zones.”Arvand Free Zone has gone against the common trend and draws between 3,000 and 5,000 Iraqis every day,” Iraj Masjedi, Iran’s ambassador to Iraq, said.”Some 1,000 to 1,500 travelers pass through the zone with a visa to other parts of the country,” told by officials. To make more precise plans for the zone’s tourism, questionnaires have been prepared and are given to travelers upon entry to determine their nationality and motivation for making the trip. It is being said that the majority of foreign nationals travel to visit their relatives, for leisure or shopping which is a key motive, according to the official, thanks to better prices.
\nThe number of health tourists from Iraq has also increased since the enactment of the law.”General and specialized medical services are available in the zone, which is very economical for the citizens of the neighboring country,” Nematzadeh said. Affordable goods and services in the AFZ benefit tourists and have a positive impact on Arvand Free Zone’s economy.
\nThis reaction of Iraqi people to visa waiver could be assumed as a sign of new opportunities to do business and investment in the Arvand Free Zone in order to fulfill the requirements of new visitors who mostly travel for recreational and shopping purposes.
\nLegal benefits of Arvand Free Zone
\n\u2022\u00a0\u00a0 \u00a0Importing raw materials, components, and machinery without customs duties
\n\u2022\u00a0\u00a0 \u00a0Exporting products without paying customs duties
\n\u2022\u00a0\u00a0 \u00a0Importing manufactured products to AFZ from the homeland with added value without paying customs duties
\n\u2022\u00a0\u00a0 \u00a0Special rules for workforce employment in AFZ
\n\u2022\u00a0\u00a0 \u00a0Specific rules for insurance and social security in AFZ
\n\u2022\u00a0\u00a0 \u00a020- Years of tax exemption<\/strong> for all economic activities
\n\u2022\u00a0\u00a0 \u00a0Possibility of foreign investment<\/strong> with a 100% share
\n\u2022\u00a0\u00a0 \u00a0Complete freedom of entry & exit of underlying capital and profit resulting from economic activities
\n\u2022\u00a0\u00a0 \u00a0Freedom of transferring currency abroad without any restriction
\n\u2022\u00a0\u00a0 \u00a0Facilitating the issuance of visas<\/strong> for foreigners in Free Zones
\nConstruction and installation of solar power generation system
\nMajid Rahimi, Director of Urban and rural infrastructure development of Arvand Free Zone Organization announced the presentation of a plan to construct and install a solar power generation system in order to strengthen the economy for the susceptible Society of Abadan and Khorramshahr.
\nThe plan for setting up solar power plants was formed according to the climatic and geographical situation and capacity of Abadan and Khorramshahr.
\nMain domains of investment
\nThe main domains of investment in Arvand Free Trade Zones are refinery industries & offshore, tourism industry, fishery industries, and agricultural processing, logistics and downstream oil and petrochemical industries, trade services, heavy industries (steel production, rolling mill lines, etc.), marine installation industries.<\/p>\n","protected":false},"excerpt":{"rendered":"