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IRAN INVITES ARMENIAN BUSINESSMEN TO ARAS FREE TRADE & INDUSTRIAL ZONE OF IRAN
by Samvel Sarksyan
Tuesday, July 16, 17:56
Over the past 2 years, a total of 180 manufacturing companies were
founded in the Aras Free Trade & Industrial Zone of Iran. In 2012
the companies' exports (including the exports to Armenia) totaled
$132 mln, Sadegh Najafi Khezerlou, Managing Director of Aras, said
at the opening of the Armenian-Iranian business forum (July 15-18).
He thinks that Aras creates unprecedented opportunities for Armenian
businessmen to manufacture, store, transit and re-export their goods
to the Middle East countries.
Sadegh Najafi Khezerlou said that Aras occupies an area of 51 thsd ha
in the territory bordering with Armenia, Turkey and Azerbaijan along
the River Arax and in the area of North-South transport corridor
connecting Iran and Armenia.
He added that foreign citizens have an opportunity to register in the
zone a trade or manufacturing company with a 100% foreign capital
within 24 hours. In addition, the goods produced in the zone are
exempted from 50% VAT and customs duties if sold in the Iranian
market. Duties are levied for the raw materials and components only.
If the companies export their goods to other countries or sell them
in other free trade zones of Iran, they are exempted from taxes and
customs duties for 20-25 years. He added that the VAT preferences
lead to 30-40% reduction in the prime cost of the goods produced there.
To note, the Aras Free Trade & Industrial Zone numbers 29 Iranian
companies with a total capital of $121.5 mln, 5 Turkish companies with
a total capital of $12.5 mln, 1 Azeri-Iranian company with a capital of
$1 mln, and 2 Iranian-Turkish companies with a total capital of $3 mln.
http://www.arminfo.am/index.cfm?objectid=805028B0-EE1F-11E2-BCDD0EB7C0D21663
by Samvel Sarksyan
Tuesday, July 16, 17:56
Over the past 2 years, a total of 180 manufacturing companies were
founded in the Aras Free Trade & Industrial Zone of Iran. In 2012
the companies' exports (including the exports to Armenia) totaled
$132 mln, Sadegh Najafi Khezerlou, Managing Director of Aras, said
at the opening of the Armenian-Iranian business forum (July 15-18).
He thinks that Aras creates unprecedented opportunities for Armenian
businessmen to manufacture, store, transit and re-export their goods
to the Middle East countries.
Sadegh Najafi Khezerlou said that Aras occupies an area of 51 thsd ha
in the territory bordering with Armenia, Turkey and Azerbaijan along
the River Arax and in the area of North-South transport corridor
connecting Iran and Armenia.
He added that foreign citizens have an opportunity to register in the
zone a trade or manufacturing company with a 100% foreign capital
within 24 hours. In addition, the goods produced in the zone are
exempted from 50% VAT and customs duties if sold in the Iranian
market. Duties are levied for the raw materials and components only.
If the companies export their goods to other countries or sell them
in other free trade zones of Iran, they are exempted from taxes and
customs duties for 20-25 years. He added that the VAT preferences
lead to 30-40% reduction in the prime cost of the goods produced there.
To note, the Aras Free Trade & Industrial Zone numbers 29 Iranian
companies with a total capital of $121.5 mln, 5 Turkish companies with
a total capital of $12.5 mln, 1 Azeri-Iranian company with a capital of
$1 mln, and 2 Iranian-Turkish companies with a total capital of $3 mln.
http://www.arminfo.am/index.cfm?objectid=805028B0-EE1F-11E2-BCDD0EB7C0D21663