What are the specific laws concerning foreign investment in the Islamic Republic of Iran?
Foreign Investment Promotion and Protection Act (FIPPA), passed on 10 March 2002 and its Implementing Regulations of 15 October 2002, are the governing guidelines in this respect. The law Pertaining to the Establishment of Free Trade-Industrial Zones in the Islamic Republic of Iran approved in 1993, the Regulations Governing Capital Investment in the Free Trade-Industrial Zones in the Islamic Republic of Iran approved in 1994 and subsequent amendments thereto, the Law on the Establishment and Administration of the Special Economic Zones in the Islamic Republic of Iran, coming into force in January 2006, have specified the manner in which foreigners can invest in the mainland Iran and the free zones and special economic zones. The Five-Year Economic, Social and Cultural Development Plans, annual national budgets of the Islamic Republic of Iran, bilateral investment agreements with the respective government of the foreign investor, and miscellaneous laws and decrees, have also stipulated
