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High rate of Internet penetration and access to online shopping (74%)

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Iran has dozens of Tax Free & Special Economy zones

Iranian banks ready to open branches in Belgium

This was announced by Gholamhossein Shafei, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture, during a meeting with a Belgian delegation headed by President of the Federation of Belgian Chambers of Commerce Rene Branders in Tehran.

“The most important requirements for both countries’ businesses are banking and insurance ties that have registered slight improvements after Iran’s nuclear deal, but they are still not enough,” Shafei said.

The private sector leader noted that Belgium’s economic, financial and trading strength is significant among European Union member countries and ties with that country is of high importance for Iranian companies and traders, Financial Tribune reported.

“The desire for expanding economic relations is obvious in both sides. Therefore, we have made plans for the Belgian delegation during their four-day visit in Tehran and Isfahan, and we hope to achieve beneficial results through negotiations,” he said.

This is while the Belgian ambassador to Tehran noted that there are plenty of opportunities to expand bilateral relations, as the economy of the two countries can be complementary.

“Because of the volatile atmosphere and US actions, banking and insurance ties have not improved at an acceptable pace, which is hoped to be resolved as soon as possible,” Francois Delhaye added.

The Belgian ambassador explained that in this situation of uncertainty, the visit of Belgian delegation has a special message and that Belgian companies are eager to extend their ties with Iran and the Belgian government has been also actively pursuing Iranian issues in EU.

The head of ICCIMA noted that the establishment of Iran-Belgium Economic Commission can considerably boost bilateral relations and urged the Belgian side to speed up the process.

“We have had many agreements with Belgium in the past, but both sides need to be more serious about their implementation, as it is one of the most important priorities to discuss with Belgian delegation,” he added.

This is while a few months ago, a 35-member delegation from ICCIMA led by Shafei wrapped up a visit to Belgium and Luxembourg to discuss expansion of economic cooperation.

The Belgian ambassador to Tehran also called for implementing the previous agreements between the two countries, adding that "we're think about signing new ones".

“The bilateral investment agreement is the most important pact between Iran and Belgium, which has been improving slowly since it was agreed but we hope to speed up the process,” he added

Delhaye hoped that the Belgian delegation will finalize the investment agreement and pursue the bilateral tax exemption plan that has been the other objective of this trip.

“In order to absorb finance, I suggest that Iranian high-ranking banking and economic officials take a trip to Belgium to facilitate the establishment of banking and insurance ties,” he said.

As Shafei asked the Belgian official to ease the process of issuing visa for Iranian traders and businesspeople, the Belgian ambassador noted that Iranians have no legal problem in making a business trip to Belgium and in many cases, they face issues in acquiring a visa because there is something amiss with their documents.

Delhaye elaborated that the demand for business visa from Iranian traders have surged dramatically and the embassy is no longer able to handle this volume of applicants, so currently it is increasing the number of its employees and also considering other measures to resolve the issue.

Iran-Belgium trade stood at $723.83 million in 2016, according to figures released by ICCIMA.

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About Us

There are currently very few countries in the world with Irans conditions and opportunities for investment. After decades of sanctions and separation from international markets, Iran is now ready to take advantage of these opportunities.

These days the top story of some of the worlds most important news media states, Now that a general agreement has been reached on the nuclear issue between Iran and the P5+1, international investors are lining up behind Irans closed doors, ready to enter this countrys market. Once Irans doors open to international financial activities millions, or maybe billions of dollars will flow into the country Economic players in Iran are waiting with open arms for international investors.How to invest in iran Blog is proud to present you with information about Iran and its investment opportunities, standing by your side as a consultant, and a strategic partner, creating the groundwork for a satisfactory experience in Iran.

Welcome to Iran, an investment paradise for years

Global Investment was founded with a single vision, to help small to large enterprises with their strategic entry into the Iranian market by providing unmatched services for companies across all major industries. We can help you enter the hotspots of the market and will support and guide you toward a success story that remains rock-solid for the years to come.

We deliver exceptional insight and advice based on the highest standards of consulting practice using our 10 years of experience in the field. Our perfect blend of proprietary market entry solutions, strong local connections and expertise will assist you with maximizing your business potential in Iran. You can take advantage of our “real touch of the market” and break down entry barriers into the market. We make sure that you avoid making the wrong deals and provide you with Do’s and Don’ts of doing business in our country.

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