Iran Access Web Directories

ECONOMIC ADVANTAGES

In addition to its strategic location in the Strait of Hormuz, Qeshm Island's natural economic advantages are its accessibility to 60 million population domestic market (Iran), particularly because of specific incentives which have been brought about by the recent ratification of the Free Area Law, for products which will be manufactured in these areas and access to a regional market of over 300m population. Moreover, the availability of a large pool of skilled manpower at all levels at very competitive price from the mainland Iran, and also all the economic advantages associated with a free area.

BUSINESS ENVIRONMENT

QFA offers the security and environment generally sought by the international business
community. Such environment takes the form of incentives consisting of a wide range of
tax concessions. The Free Area laws formally contemplated provision of a tax holiday by the Authority and unrestricted circulation and convertibility of any amount of foreign currency and capital. The Regulations also formally prohibit all forms of confiscation and expropriation of property rights and provide for the establishment of a mutually agreed court or an independent forum possessing the characteristics expected of an international arbitration tribunal to consider financial and trade disputes arising between the Free Area's licensees. All transactions including sales of goods and services to mainland Iran may be conducted on convertible and competitive basis.

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