Sunday Aug 20, 2017

SEZ Establishment Law

Legal Advantages of Investing in Port Special Economic Zones

1.         Enjoying special legal facilities of investment in SEZs;

2.         Possibility for partnership and investment by Iranian and foreign nationals;

3.         Guaranteeing foreign capitals and the profits resulting from them, with full permission for their entry or exit;

4.         Export, transit, transship and re-export of cargos without time-consuming customs formalities;

5.         Direct connection, by rail and road, to Central Asia, Far East, Northern Europe and the Russian Federation;

6.         Leasing out lands and warehouses, with competitive prices in the form of short- and long-term contracts with interested parties and investors;

7.         Possibility for entry of raw materials into the region, without customs dues, and their being processed or re-exported;

8.         Enjoying the advantages of railways, and modern loading or discharge equipment and facilities within the SEZ; and

9.         Possibility for the entry of machineries, spare parts, capital vehicles and the raw materials required for production and/or completion of goods, without having to pay any entry charges.

 

Legal Facilities and Advantages of Amirabad Port SEZ

1.         Entry and exit of cargo without having to pay customs dues or commercial interests for cargos to be processed, transformed, completed, etc.;

2.         Exemption from the entrance charge for the entry of goods produced inside these zones into the mainland equal to their related added value, as well as the raw materials and parts used for the production;

3.         Possibility for partnership and investment by Iranian and foreign nationals, while guaranteeing foreign capitals and the profits resulting from them, with full permission for their entry or exit;

4.         Transfer or selling of the goods imported into these zones in the form of separate storage house receipts that are negotiable for interested parties;

5.         Issuance of certificates of origin for imported cargos, acceptable by all banks in the country;

6.         Possibility for the entry of machineries, spare parts, capital vehicles and the raw materials that are required for the production or completion of parts, without the need for paying the entrance fees; and

7.         Possibility for transiting or re-exporting goods imported into the zone, without any customs formalities.

 

Investment Opportunities in Amirabad Port SEZ

-          Fuel transit activities, including storage tanks construction, etc.;

-          Vehicle and container transit activities to CIS countries;

-          Activities related to steel industries: melting and changing iron scraps into bullions; constructing iron chips factories from scrap imports for use in domestic industries; constructing factories to change iron bullions into other steel products;

-          Activities related to wood and paper industries: importing different forest woods from CIS countries and changing them into wood chips medium goods for use in domestic industries (plywood MDF factories, etc.);

-          Export activities for medium minerals; and

-          Transit activities and grain silo construction commensurate to agricultural demands in Turkmenistan.