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Investieren an der Börse Teheran

Praxisleitfaden zu investieren an der börse teheran für ausländische Investoren: Rahmen, Chancen, Kennzahlen und Eintrittswege.

Investing on the Tehran Stock Exchange — Tehran Stock Exchange

Tehran Stock Exchange

Kennzahlen

Markets
TSE main board + Iran Fara Bourse
Listed issuers
700+ across both markets
Access route
Qualified Foreign Investor code
Settlement
T+2
Capital gains tax
Exempt on listed equities
Trading currency
Iranian rial

Überblick

Die ausführliche Analyse unten erscheint auf Englisch.

The Tehran Stock Exchange and its over-the-counter market Iran Fara Bourse together list several hundred companies spanning petrochemicals, metals, banking, telecoms and consumer goods.

Foreign portfolio access runs through the Qualified Foreign Investor framework: a trading code, a local custodian and a broker, with capital imported through the registered channel so it can later leave.

Getting a trading code

The QFI application goes through the Securities and Exchange Organization with a local broker sponsoring the file: entity documents, beneficial ownership disclosure, source of funds and a custody arrangement.

Codes are issued to the investing entity, so fund structures must decide at the outset whether to apply at fund or feeder level.

What the index actually represents

Index composition is dominated by commodity-linked exporters, making the market a leveraged expression of global petrochemical and metals prices combined with the rial exchange rate — not a pure domestic-consumption proxy.

Consumer, pharmaceutical and telecom names offer the domestic-demand exposure the headline index does not, generally with lower liquidity.

Liquidity and exit planning

Daily price bands and periodic trading queues mean position sizing must reflect realistic exit windows in mid-cap names. Liquidity, not valuation, is the binding constraint for most foreign allocations.

Repatriation follows the same registered-capital logic as direct investment, so the import channel should be set up before the first trade, not at redemption.

Häufige Fragen

Can foreigners buy shares on the Tehran Stock Exchange?

Yes, through the Qualified Foreign Investor framework: a trading code issued by the Securities and Exchange Organization, a local broker and a custodian.

Is there capital gains tax on Iranian listed shares?

Listed equity gains are exempt from capital gains tax. A small transaction levy applies on sales.

How liquid is the Iranian equity market?

Large caps trade actively; mid- and small-caps can face queues under the daily price-band regime, so position sizing should assume constrained exit windows.

How do foreign investors repatriate equity proceeds?

Through the registered capital import channel established at entry, following the same documentation logic as direct investment.

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Wir beraten ausländische Investoren bei Markteintritt, Lizenzierung und Strukturierung im Iran.

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