Four rules for successful business in Iran
If you are willing to run a successful business in Iran, there are some simple rules that you should follow carefully. Iran is the land of opportunities, however, like other parts of the globe, has its own cultural, political, commercial and legal specifications. In this article we are discussing four simple principles which should be carefully considered by a foreign investor prior to start his business in Iran.
This article has been drafted by Iran best Lawyer to provide the foreign investors with the basic principles and rules which should be considered carefully prior to start their business in Iran.
Why Iran is an attractive market for international investors?
Very clearly, entering into the Iranian market is as attractive option for the foreign investors, Iran is rich in natural resources, it is the second world’s largest proven natural gas reserve holder (18.2 % of total) and the third in the crude oil reserves. Iran also has huge reserves of copper, iron, ore, zinc and lead. Very educated human resources and the amazing hospitability of its kind people and friendly social environment make working in Iran a pleasant.
Iran is making advances in various areas. Iran ranked 16th on global output of academic articles and is placed 43rd worldwide on availability of scientists and engineers. Bloomberg included Iran in their 2013 overview of the 50 most innovative countries.
Despite its economic isolation in the past years, Iranians are generally very educated and lots of young people are bilingual. social media are used extensively to stay informed of the latest news in the world, and technological and economic developments.
The Iranian government has ambitious plans for the country’s future with domestic industries being stronger exporters, reduced unemployment and research and development to become even more central to growth (with a target of 4% of GDP spent on R&D by 2030). Iran is increasingly nurturing SMEs and business creation, clearly acknowledging their importance for growth. To further spur entrepreneurship, awareness campaigns are being launched and policies implemented to create a friendly environment for new business. On the ‘Ease of Doing Business‘ Index for the category ‘Starting Your Own Business‘, Iran is currently ranked 62nd out of 189 countries – a promising score. Numerous Iranian accelerators and incubators are further evidence of a growing base of young entrepreneurs. These initiatives demonstrate an ambitious drive for Iran to become both a hub in a region with more than 400 million inhabitants and a global business player to be reckoned with.
What is the main challenges to start your business in Iran?
With all these positives, Iran is being discussed in the boardrooms of many multinationals, but at the same time it is not an easy place to do business and foreign companies must tread with care. Despite a promising outlook, Iran is still a fragile economy, plagued with uncertainties. Foreign companies need to establish a strategy for coping with Iran’s unique business context and culture. The Iranian government understands that foreigners are nervous about conducting business in Iran and emphasizes privatization and economic reform – some experts believe this is even more important than the lifting of sanctions and eagerly anticipate more economic reform.
Click on the link below to read more:
Comments
Post a Comment