Monday 17 December 2018

Unique Advantage for Foreign Investors Employing Labor Force & Fees

Unique Advantage for Foreign Investors Employing Labor Force in Iran

Foreign investors employing those introduced by the affiliated units of the Ministry of Cooperatives, Labor and Social Welfare will enjoy growing discounts or exemption from paying part of the insurance duties in case their units are newly established, or there would be no reduction in their employment rate the year before (part of Article 80 of the Law on Fifth Five-Year Development Plan).


Fees

At present, the issuance and renewal of work permits for foreign nationals costs 1,400,000. Rls and extension of permits costs 1,000,000.Rls. Expatriates of some countries will be exempted from such charges upon mutual agreement with their respected countries on receiving similar privileges.