The ISO code of Iran is IR according to the ISO 3166 standard. The local name of the country is the same as its English name. Iran capital city is Tehran. People in Iran speak the Persian language. On 1 May 1946, Iran emerged as a sovereign political entity. In the year 05/01/1946, Iran emerged as a sovereign political entity. The largest city in Iran is Tehran.
Iran is located in the UTC +03:30 time zone, which is also called Iran Standard Time or IRST. The internet country code top-level domain (ccTLD) for Iran is .ir. Other domains assigned to Iran are ایران.. The International dialing code for Iran is 98. People in Iran drive on the right side of the road. Total land area of Iran is 1,648,195 km² (approx. 636,369 mi²). Iran is not a landlocked country. It means that is is bordered by at least one major body of water.
Iran is located in Asia. Iran is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Iran faces various issues, including air pollution, especially in urban areas, from vehicle emissions, refinery operations, and industrial effluents, deforestation, overgrazing, desertification, oil pollution in the Persian Gulf, wetland losses from drought, soil degradation (salination), inadequate supplies of potable water, water pollution from raw sewage and industrial waste, urbanization.
Doing business in Iran
We offer various corporate services in Iran jurisdiction. These services can serve both, people coming from Iran and foreigners. If you plan on doing business in Iran you might be interested in contacting us.
To find out about starting your business in Iran click on company formation in Iran.
To find out how to open a bank account in Iran and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Iran.
Choose preferred service below or continue reading to find out more about Iran.
Demographics of Iran
The total population of Iran is 82,011,735 people. In Iran, the population density is 47.79 people per square kilometer (124 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Iran is 0.6684. Iran has approximately 2726420 foreign immigrants. The median age is approximately 28.3 years. In Iran, 26 in every 100 people use internet. Iran has a Human Development Index (HDI) of 0.749.
The majority religion of Iran is Islam, Iran is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Iran.
Culture of Iran
People in Iran speak the Persian language. According to data on inbound tourists in Iran, 4,769,000 tourists arrive in the country each year. One of the most popular national dishes of Iran is chelo kabab. To read more click on culture of Iran.
Geography of Iran
Iran is considered to be a vast nation because of its total area. Its total land area is 1,648,195 km² (approx. 636,369 mi²). Iran is located in Asia. Its capital city is Tehran. Iran has 7 neighbouring countries. Its neighbours include Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey, and Turkmenistan. Total length of land borders of Iran is 5894 kilometers (~2,276 miles).
The highest point of Iran is Damavand, with its official height being 5610 m (18,406 ft). Including land mass and EEZ, the total area of Iran is approximately 1,816,913 km² (~701,511 mi²). The most notable natural resources found in Iran are petroleum, natural gas, coal, chromium, copper, iron ore, lead, manganese, zinc, sulfur.To read more click on geography of Iran.
Economy of Iran
The currency of the country is Iranian rial. The symbol used for this currency is ﷼, and it is abbreviated as IRR. 13.1% of population in the country are unemployed. The total number of unemployed people in Iran is 10,743,537. Each year, Iran exports around $61.22 billion and imports roughly $64.42 billion. The Gini Index of the country is 44.5. Iran has a Human Development Index (HDI) of 0.749.The Global Peace Index (GPI) for Iran is 2.409. Iran has a government debt of 50.4% of the country's Gross Domestic Product (GDP), as assessed in 2012. Iran is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum, petrochemicals, gas, fertilizers, caustic soda, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), ferrous and nonferrous metal fabrication, armaments.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Iran is $1,357,028 billion. Each year, consumers spend around $190,776 million. The ratio of consumer spending to GDP in Iran is 0%, and the ratio of consumer spending to the world consumer market is 0.44. The corporate tax in Iran is set at 25%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Iran is 10%. In 2013, Iran received 148.8 million USD in foreign aid.In 2014, the foreign aid amounted to 100.9 USD.To read more click on economy of Iran.
Infrastructure of Iran
In Iran, 100% of the population has access to electricity. There are 197,804 internet hosts in Iran. Iran has 319 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Iran is 358. To read more click on infrastructure of Iran.
Politics of Iran
Iran, is a unitary presidential republic. With regard to political and civil freedoms, Iran is 3. Citizens in Iran experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Ayatollah Ali Khamenei.
According to the World Bank Group, the government effectiveness index of Iran is -0.41. This indicates that the government of Iran is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Iran before considering any business maneuvers.In Iran, the legislative power is vested in a Islamic Consultative Assembly. The Global Peace Index (GPI) for Iran is 2.409. The strength of legal rights index for Iran is 2. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Iran received 148.8 million USD in foreign aid. In 2014, the foreign aid amounted to 100.9 USD. Iran is a member of the United Nations (UN). On 24 October 1945, it joined the UN at it inception date as a full member state. Iran is one of the original UN member states who founded the organization. Iran is a member of the World Bank. To read more click on politics of Iran.
Environment of Iran
Iran emits 7.8 metric tons per capita of CO2. 110750 km² of Iran's territory is covered in forests. and forest land comprises 7% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Iran is 358. To read more click on environment of Iran.
Company formation in Iran
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Iran.
When establishing a company in Iran, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Iran that will affect the establishment and growth of one's business. Contact us or click on company formation in Iran to read additional information when setting up a business.
Bank account opening in Iran
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Iran. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Iran, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Iran or contact us.