Stock Exchange Investment
Expert guidance on Tehran Stock Exchange investments with portfolio management and full regulatory support.
Tehran Stock Exchange · TEDPIX
Capital Market Services
Portfolio Management
Professional portfolio management and selection of stocks aligned with your investment objectives and risk tolerance.
- Stock selection
- Portfolio diversification
- Risk management
- Performance tracking
- Quarterly reviews
Market Access
Direct access to Tehran Stock Exchange (TSE) with guidance on trading procedures and regulatory compliance.
- TSE access
- Trading account setup
- Market briefing
- Trading platform access
- Settlement support
Legal & Compliance
Full legal support for capital import, documentation, tax compliance, and regulatory requirements.
- Capital import approval
- Documentation
- Tax filing
- Regulatory compliance
- Dividend management
IPO & Corporate Actions
Guidance on IPOs, rights offerings, dividends, and other corporate actions affecting your investments.
- IPO analysis
- Rights offerings
- Dividend tracking
- Corporate updates
- Shareholder meetings
Investment Opportunities
Oil & Gas
15+ major listed companies
Petrochemicals
12+ companies with strong dividends
Banking
20+ banks and financial institutions
Insurance
25+ insurance companies
Auto Manufacturing
Major automotive producers
Telecommunications
Leading telecom companies
Cement & Materials
Construction materials producers
Pharmaceuticals
Major pharmaceutical manufacturers
Why Invest in TSE?
Strong Returns
Historical average annual returns of 20-35% with dividend yields of 5-15% from major sectors.
Liquidity
Deep markets with high trading volumes in major stocks allowing easy entry and exit.
Diversification
Hundreds of listed companies across multiple sectors enabling portfolio diversification.
Regulatory Support
Legal framework protects investor rights with clear regulations and dispute resolution mechanisms.
Start Your TSE Investment
Let our capital market experts guide your investment strategy and portfolio management.
Begin InvestmentThe fundamentals foreign investors need to know about TSE
The Tehran Stock Exchange (TSE) is the largest bourse in the Middle East by number of listings, with more than 700 companies across the main board and Iran Fara Bourse (IFB). Combined market capitalisation exceeds USD 200 billion at NIMA reference rates.
Foreign-investor framework
Foreigners trade via a Trading Code issued by the Central Securities Depository of Iran (CSDI). Capital import is registered with OIETAI under FIPPA, granting repatriation rights for principal and dividends.
Taxation
Capital gains on listed equities are exempt. Dividends are subject to a 0% withholding for foreign investors under FIPPA-registered investments. A 0.5% transaction tax applies on the sell side.
Settlement
T+2 settlement through CSDI. Custody available through major Iranian brokers, with sub-custody arrangements for institutional investors using DIFC or Zurich-based prime brokers.
What's included
- Trading Code application (typical issuance: 4–6 weeks)
- FIPPA capital-import certificate for repatriation rights
- Brokerage account at a CSDI-licensed broker
- IRR-denominated bank account for settlement
- Tax registration and annual filing support
- Quarterly portfolio reporting in USD with TEDPIX comparison
Frequently asked questions
Can foreign investors really buy TSE-listed stocks directly?+
Yes. Since the 2010 Foreign Investment Bylaw, non-Iranian individuals and legal entities can obtain a Trading Code and invest directly. Strategic stakes above 10% require SEO approval.
How are profits repatriated?+
Through the NIMA system at the Central Bank of Iran reference rate. FIPPA registration is the legal basis for repatriation; without it, transfers fall under standard FX rules and may be subject to ceiling restrictions.
Are dividends and capital gains taxed?+
Capital gains on listed shares are exempt. Dividends are paid out of after-tax profits (corporate tax 25%) and are not subject to further withholding for FIPPA-registered foreign investors.
What is the typical IPO pipeline?+
TSE and IFB combined list 15–30 new companies per year, dominated by petrochemicals, mining, and refining subsidiaries of state holdings. We provide pre-IPO research and book-building access.
Open a Trading Code, then deploy with a documented strategy
Foreign investors access the Tehran Stock Exchange (TSE) and Iran Fara Bourse (IFB) through a SEO-issued Trading Code. We handle the application, the FIPPA wrapper on the capital, and the brokerage relationship — then provide ongoing portfolio support if you want it.
What you receive
Engagement timeline
Packages & indicative fees
Set-up only — you trade independently afterwards.
- Trading Code application
- FIPPA wrap on capital
- Broker introduction
- Platform onboarding
Set-up plus quarterly portfolio guidance.
- Everything in Access
- Sector screen & target list
- Quarterly review report
- Dividend & corporate-action tracking
- NIMA conversion support
Delegated portfolio management for institutional capital.
- Investment policy statement
- Discretionary execution within mandate
- Monthly NAV pack
- Risk and exposure limits
- Custodian coordination
Fees are indicative ranges for typical scopes. Final proposal is fixed after a scoping call.
Mini case study
Challenge
Deploy USD 4m into TSE petrochemical and metals names with FIPPA-protected capital, and document a clean dividend repatriation channel for the family CFO.
Outcome
Trading Code issued in 19 working days, capital deployed across 9 names, IRR 31% over the first 12 months in IRR terms, and USD 480k in dividends settled via the NIMA channel with full audit trail.
Frequently asked questions
A real, accessible market — with rules worth respecting
The Tehran Stock Exchange and Iran Fara Bourse together carry 700+ listed names with combined daily turnover routinely above USD 200m equivalent. Foreign investors with a SEO Trading Code and FIPPA-wrapped capital participate on equal terms — provided the sanctions and FX rules are respected.
Access
Foreign Investor Trading Code, brokerage, and FIPPA wrap on inbound capital — all run in parallel so the first trade is days not months after capital lands.
Strategy
Sector screen tuned to your mandate — income, growth, or thematic — and stress-tested against FX, subsidy, and sanctions exposures.
Operations
Dividend collection, corporate-action voting, quarterly NAV pack, and NIMA repatriation handled as a service.
Frequently asked questions
Are foreign investors actually trading on TSE today?+
Yes — regional family offices, GCC funds, and select European institutional vehicles are active. We add new Trading Codes for foreign clients each quarter.
What is the FX risk profile?+
The IRR has structurally depreciated, but listed petrochemicals, metals, and refining names are largely USD-revenue businesses whose share prices reflect FX moves over time. We model FX explicitly in every portfolio.
Can capital be repatriated easily?+
FIPPA-registered capital, dividends, and gains are repatriable through NIMA. Execution timing depends on Central Bank FX availability and is planned in tranches.
How is custody handled?+
Shares sit in the Central Securities Depository of Iran (CSDI) under your name and Trading Code. We coordinate with the broker for trade settlement and corporate-action processing.
What you receive
Engagement phasing
Scope tiers
Self-Directed
Trading code + custody — you trade through your own broker.
- Trading code application
- CSDI custody setup
- Brokerage introductions
- Tax registration
- No discretionary management
Advisory
Most chosenPortfolio recommendations with quarterly rebalancing notes.
- Curated 12–20 name portfolio
- Quarterly rebalance memos
- Corporate-action handling
- Dividend tracking
- Performance reporting
Discretionary
Fully managed mandate with execution authority.
- Discretionary trading
- Risk-budgeted mandate
- Monthly attribution
- IC participation
- Repatriation execution
From the field
ChallengeA Gulf-based family office wanted a $5m diversified TSE allocation with quarterly liquidity and a documented capital-repatriation right — without operating an in-house Iran trading desk.
ApproachTrading code issued in five weeks, capital imported via FIPPA registration, 14-name portfolio built across petrochemicals, banking, and metals, and a documented exit playbook lodged with custodian and broker on day one.
OutcomePortfolio delivered IRR-denominated total return of 31% over twelve months; first $1.2m partial exit executed and repatriated in nine working days with zero exception handling.
Service questions
What is a Trading Code and why do I need one?+
The Kod-e Moamelati is a unique investor identifier issued by the Securities and Exchange Organization (SEO) and registered with the Central Securities Depository (CSDI). No trade settles without one. Foreign individuals and entities each require their own code.
How is foreign capital imported and protected?+
Capital is imported through a CBI-supervised channel and converted in NIMA, with proof of inflow stored at the custodian. Combined with FIPPA registration, this preserves the legal right to repatriate principal and realised gains in hard currency.
What is the tax treatment of TSE gains?+
Capital gains on listed equities are exempt; a fixed 0.5% transaction tax applies on sale value. Dividends are paid net of corporate tax and are not further taxed in the investor's hands.
Can I repatriate dividends and principal freely?+
Yes, subject to NIMA FX availability and standard CBI documentation. We sequence repatriations against FX windows and document each leg so the chain of custody is complete for your auditor.
What about sanctions exposure for the foreign investor?+
TSE-listed equities are not US-sanctioned in themselves, but specific issuers may be. Every name we recommend is pre-screened against OFAC SDN, EU consolidated, UK OFSI, and 50% rule overlays — and the screening is refreshed quarterly.
Related knowledge & common questions
Cross-references into our knowledge base and answer engine — designed so you (and AI assistants) can jump straight to the entity definitions and the exact questions readers ask about tehran stock exchange & iran fara bourse.