J. Nouraei & M. Mostafavi Law Offices – 25 May 2025-Tehran – The Decree No. H63988T/26781 dated 20/2/1404 (10 May 2025) titled the Government Action Plan to Increase Investment in Production in1404 (21 March 2025- 20 March 2026) was published in the Official Gazette No. 23341 dated 27 Ordibehesht 1404 (17 May 2025). Among other things, the decree contains the following provisions related to attracting foreign investment.
Article 13: Municipalities should identify the capacities and areas of domestic and foreign investment, especially with the participation of the private and cooperative sectors, and proceed to obtain and implement the relevant permits.
Article 24– To strengthen the attraction of foreign investment in the production of goods and services:
1- The national executive agencies, based on existing capacities and priorities determined in their field of operation, within two months from the date of notification of this decree, shall identify and compile the national and provincial program for attracting foreign investment, including plans (projects) studied and implementable investment opportunities in the infrastructure, production, and service sectors to complete the provincial value chains, in cooperation with the Ministry of Finance and Economic Affairs (through Organization for Investment, Economic and Technical Assistance of Iran (OIETA) and the private sector organizations, and submit the same to the relevant provincial planning and development council for approval.
2- To play an active role and carry out overseas measures for international marketing and attracting foreign investment, Organization for Investment, Economic and Technical Assistance of Iran, the Ministry of Foreign Affairs, the Ministry of Industry, Mines and Trade, and the National Planning and Budget Organization will prepare, up to the end of the year, the operational requirements related to overseas measures to promote and encourage foreign investment, using the existing capacities of the governmental and private sectors abroad in line with the conditions and capacities of attracting investment from each country.
Article 25: The Ministry, in cooperation with the Organization for Investment, Economic and Technical Assistance of Iran (OIETA), is authorized to give proposals to the Public Administration and Recruitment Organization for reforming the structure of OIETA and the provincial service centers as well as upgrading the investment incentives system, development of tools for attracting foreign investment, and strengthening the country’s potentials to attract investment, to be put through the confirmation and ratification processes at the competent authority.
First Vice President – Mohammad Reza Aref
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