Excerpts: Official Name The Islamic  Republic of Iran (Jomhuri-ye Eslami-ye Iran). Conventional Short Form: Iran Flag The official flag of Iran consists of green (top), white…

Excerpts: Who is considered a foreign national under Iranian law? Persons who are not known as Iranian citizens in accordance with the provisions set out…

Excerpts: In which forms are foreign investment possible in the Islamic Republic of Iran? A- In accordance with the Companies Registration Act which enables the…

Excerpts: Are foreign companies obliged to register their branch and representative office/s initiating commercial activity in Iran? According to Articles 3 and 4 of the…

Excerpts: Which rules govern the economic activities in the Free Zones? The provisions of the Law on the Manner of Administration of the Free Trade-Industrial…

Excerpts: What kinds of partnership are anticipated under Iranian law? Two kinds; civil and commercial partnerships. According to Article 571 of the Iranian Civil Code, a civil partnership is the combination of the rights of several proprietors in one single objective by…

Excerpts: What are the various areas of direct taxation? According to the Direct Taxation Act, there is, in principle, a direct tax on real property,…

Excerpts: How is agency defined in Iranian law? It covers a broad field of representation. Essentially, agency is regarded as a legal relationship in which…

Excerpts: What is a patent? A patent is essentially a government grant to a person for the exclusive right to make, use, and sell his…

Excerpts: How is industrial design defined by law? Industrial design is any combination of lines or colors and any kind of three dimensional forms with…

Excerpts: How is a trademark defined according to Iranian law? Marks, Collective Marks and Trade Names are dealt with in Section 3 of the law.…

Excerpts: How does Iranian law define a check? Article 310 of the Commercial Code of Iran stipulates a check is a document in accordance with…

Excerpts: What is the acceptable form of an arbitration agreement according to the Law of International Commercial Arbitration (LICA)? The form is varied. An arbitration…