Introduction to Guidelines for Company Validation in Iran
Imagine you want to conclude a contract with an Iranian company, but you’re not sure if the company truly represents what has been shown by her business card. Guidelines for Company Validation in Iran is not just about registration or legitimacy, but financial stability, level of indebtedness and payment history and other factors are all relevant in this regard. you assess credit risks before approaching a company or joining them on a project or lending them money as a financial institution. More importantly, Guidelines for Company Validation in Iran are useful especially when you buckle down to conclude a contract with a state-owned company or a governmental institution, you have no choice but to go through ranking and grading procedures. In the paragraphs below, we offer Guidelines for Company Validation in Iran and highlight most important standards in this regard.
Guidelines for Company Validation in Iran
There is a variety of regulations concerning corporation grading in Iran. grading is a necessary process for engineering companies to go through if they aspire to conclude contracts with public sector. Two main types of enterprises in terms of grading are called contractor firms and consultation firms.
When to Check the Validity
As you may already knew, there are a variety of situations where the practices of company validation are crucial. If you engage in a portfolio investment as an individual or apply to banking facilities as a company, it may come in handy at some point if you be familiar with the relevant methods therein.
Legal Framework for Company Ranking and grading in Iran
There are a number of regulations referrable for the purpose of ranking and grading of the companies in Iran. some of the most important ones are: Regulation of Classification and Qualification of Contractors, Regulation of Qualification and Ranking of Consulting Firms and Regulation of Qualification and Ranking of IT Companies. there are also specific rules for ETC (Engineering, Procurement and Construction) companies and mass production units specialized in the construction industry. In the following parts, we will focus on two main types of the companies in the context of ranking and grading, namely contractor firms and consulting firms.
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