Our valued sponsor

Iran for doing business tax free

Don

Mentor Group Gold
Dec 19, 2020
1,443
1
1,201
113
35
Register now
You must login or register to view hidden content on this page.
Lets talk about Iran!

The Iranian Government operates six free trade zones and 16 special economic zones in the country, with the most prominent being Kish Free Trade Zone, Qeshm Free Trade Zone and Chabahar Free Trade Industrial Zone. These zones have been specifically set up to support economic activities and facilitate international trade relations and offer attractive guarantees and protections to foreign investors.

Companies and investors in these zones are exempt from routine taxation and other customary charges that are imposed on mainland Iran.

https://kish.ir/En/index.html

Special zones of Iran:
1000041302.webp

Kish Island:
1000041303.webp

Benefits of Free Trade Zones​

  1. 20-year tax exemption
  2. No visa requirements for the entrance of foreigners
  3. Customs exemption
  4. Easy Registration of companies
  5. Easy circumstances for re-export and transit of commodities
  6. Possibility of exporting products to the mainland
  7. Long term lease of land for foreigners
  8. Foreign investments up to any ratio (of capital investment).
  9. Offshore banking and non banking credit practices.
  10. 100% repatriation of capital and profit at any time.
  11. Less bureaucratic than operating in the mainland
  12. No currency restrictions
  13. Special employment and labour regulations

Special Economic Zones​

Special economic zones were created to improve the supply and distribution networks in the country and act as conduits and channels for goods in transit.

Their benefits include:​

  1. Reducing customs procedures for import of goods from abroad or free trade zones
  2. No customs procedures for export of goods
  • Each free zone is administered by its own authority and is organised as a company, with an autonomous legal status. Issuance of permits for all economic activities within the free zone, rests solely with the respective authority.
  • Renting land to foreign nationals is permitted, however the sale of land to foreigners or to companies whose capital is wholly or partially owned by foreigners is prohibited.
  • Foreign investors may participate in the economic activities of the free zone in any investment ratio they wish to. The legal rights of investors are guaranteed and protected. Foreign investors also have the option to safeguard their capital and rights by operating under the provisions of FIPPA (Iran's Investment, Promotion and Protection Act)
  • In principle expatriation of profits and movement of capital generated by economic activities and commercial operations in the free zone is free and permitted, without hindrance.
  • The exchange of goods between each zone and outside the country is excluded from the Import/Export regulations. However, exchange of goods between each zone and the rest of the country, is governed by the national regulations on the export and import of goods.

Visa Information​

Getting a visa for these trade zones is far easier than accessing the mainland Iran. You can generally get a visa at the point of entry (no need to apply beforehand) for two weeks, and these may be extended for up to six months.

https://www.visitouriran.com/blog/exploring-iran-easier-with-visa-exemptions/
 
Last edited:
Holding company in Russia or China for the Kish Island FTZ. Sister company subsidiary of the same holding company in e.g. Georgia. Banking for Kish FTZ in Iran and Russia and China. Several ways to skin this Persian cat.
Iran has been living with Western sanctions for almost 40 years.

Little structuring is required. Armenia works too.
Iran views Armenia as a gateway to trade with members of the Eurasian Economic Union (EAEU).

For many years, Iran has used the United Arab Emirates (UAE) as a hub for circumventing sanctions. Dubai, one of the seven emirates of the UAE, is the gateway of banned goods other than oil that enter Iran. Tehran has long modified its supply chains so that virtually everything embargoed by the United States or the European Union can be obtained through trading and financial hubs like Dubai.

"If you believe the Chinese government, the country doesn't import any oil from Iran. Zero. Not a barrel. Instead, it imports lots of Malaysian crude. So much that, according to official Chinese customs data, it somehow buys more than twice as much Malaysian oil as Malaysia actually produces."

By rebranding Iranian oil, Malaysia became China's fourth-largest foreign oil supplier last year, behind Saudi Arabia, Russia and Iraq.
 
Iran had a brief respite post JCPOA in 2015 but never really built up any momentum and then 2018 and Trump snap back hit hard. I was in Tehran in 2015 setting up a UK regulated investment fund. Even pre-2015 lifting of sanctions, over $100 billion was going in and out of Iran, mostly via Turkey and UAE as you wrote above. With BRICS+ gaining traction, feels like there's an opportunity to get back in. Still early, but that's the best time. Dig the ditches before the flood, not during.
 
Any contacts in Iran? I might be interested in setting up something
You may want to invest 93 EUR and take a flight from Dubai to Kish island and get in touch directly with the freezone representatives.

I have attached some information about the procedures of establishing a company.
 

Attachments

  • Like
Reactions: jafo and JohnnyDoe
Iran is for the brave but totally doable to start a business especially if your from Russia or have access to Russian payments networks as their payment networks are now integrated with Iran's.

https://news-pravda.com/world/2024/07/06/616157.html

P.S I have talked about the Arvand freezone in Iran before below:

 
For a digital business -> would make sense.... just do via proxies (personal ownership) and various shell corps over the place.
Kinda genius if someone works out how to do that.

Not entirely sure its a violation of sanctions, because Brits travel to Iran all the time and move funds back for family/friends/business etc and out for similar reasons (education/business etc)

Sanctions are they not more focused on the state itself?

I.e Vnz in the UK can invest in bonds etc related to Gov and oil whilst the US has embagos and sanctions etc.
 
  • Like
Reactions: jafo
Sanctions against Iran are multifaceted, targeting specific individuals, entities, and sectors, while also imposing broader restrictions. For individuals, certain personal financial transactions are permitted under specific conditions.

Personal Remittances:

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) allows noncommercial, personal remittances to or from Iran, provided they are processed through U.S. depository institutions or registered brokers or dealers in securities. These transactions must not involve individuals or entities whose property and interests are blocked under U.S. sanctions.

Office of Foreign Assets Control


Business Transactions:

Business-related financial transactions with Iran are generally prohibited unless authorized by OFAC. Engaging in business with Iranian entities or individuals, especially those on the Specially Designated Nationals (SDN) list, can lead to significant legal consequences.

UK Sanctions:

The UK has implemented sanctions targeting specific Iranian individuals and entities, particularly those involved in activities undermining international peace and security. These measures include asset freezes and travel bans.

GOV.UK


EU Sanctions:

The European Union has imposed sanctions focusing on Iran's human rights abuses, nuclear proliferation activities, and military support for Russia's actions in Ukraine. These sanctions target specific individuals and entities, imposing asset freezes and travel bans.

Council of the European Union


Key Considerations:

  • Due Diligence: Before engaging in any financial transactions involving Iran, it's crucial to ensure that neither party is listed on sanctions lists, such as the SDN list maintained by OFAC.
  • Legal Compliance: Given the complexity of sanctions regulations, consulting with legal experts specializing in international trade and sanctions law is advisable to ensure compliance.
In summary, while personal remittances to and from Iran are permitted under specific conditions, business-related transactions are largely restricted. It's essential to conduct thorough due diligence and seek legal counsel when dealing with financial transactions involving Iran to navigate the intricate sanctions landscape effectively.
----
Establishing a digital company in Iran's Free Trade Zones (FTZs) as a British citizen is theoretically possible, given that these zones offer incentives like tax exemptions and simplified regulations to attract foreign investment. However, the feasibility of such an endeavor is significantly impacted by the current sanctions imposed by the UK and other Western nations on Iran.

UK Sanctions on Iran:

The UK has implemented extensive sanctions targeting Iranian individuals, entities, and sectors, particularly in response to human rights violations and activities undermining international peace and security. These measures include asset freezes, travel bans, and restrictions on business engagements with designated individuals and entities.

GOV.UK


Implications for Business Activities:

While Iran's FTZs are designed to attract foreign investment by offering various incentives, the UK's sanctions regime imposes significant legal and financial risks for British nationals considering business operations in Iran. Engaging in business activities with Iranian entities or within Iran's jurisdiction could lead to severe legal consequences, including substantial fines and reputational damage.

Recommendations:

  • Consult Legal Experts: Before pursuing any business ventures in Iran, it's crucial to seek advice from legal professionals specializing in international trade and sanctions law to ensure compliance with all applicable regulations.
  • Conduct Thorough Due Diligence: Ensure that any potential business partners or entities in Iran are not listed on sanctions lists, such as the UK's Consolidated List of Financial Sanctions Targets.
  • Stay Informed: Regularly monitor updates from the UK government and relevant authorities regarding sanctions on Iran, as regulations can change and may impact business activities.
In summary, while Iran's Free Trade Zones offer incentives for foreign investment, the current UK sanctions regime presents substantial obstacles for British citizens considering establishing a company in Iran. It's essential to conduct comprehensive due diligence and consult with legal experts to navigate the complexities of international sanctions law.

----

Yes, UK sanctions against Iran are indeed targeted, meaning they focus on specific individuals, entities, and sectors linked to issues like nuclear proliferation, human rights violations, and international security. This approach, as opposed to blanket or "carpet" sanctions, means that certain non-targeted economic activities may still be permissible—provided they don't involve anyone or anything on the UK’s sanctions lists.

Understanding Targeted vs. Non-Targeted Activities:​

  1. Direct Targets: UK sanctions typically freeze assets and prohibit financial dealings with specific people and entities, particularly those related to the Iranian government, military, or sectors like oil and banking.
  2. Non-Targeted Activities: If a business or individual in Iran is not connected to sanctioned sectors or persons, and if the business itself is not involved in activities prohibited by UK sanctions, then engaging with them might not technically violate sanctions laws. For example, certain humanitarian and educational sectors may be less impacted by sanctions.
  3. Free Trade Zones (FTZs): Iran's Free Trade Zones are intended to attract foreign investment and generally offer tax benefits and fewer bureaucratic requirements. If a digital business set up by a British citizen operates in one of these FTZs and is unrelated to sanctioned individuals, sectors, or activities, it may not directly fall under sanctions.

Key Considerations to Remain Compliant:​

  • Due Diligence: Ensure all business partners or entities are vetted to confirm they are not on the UK’s Consolidated List of Financial Sanctions Targets.
  • Seek Legal Advice: Since sanctions laws are complex and enforcement can be strict, consulting legal experts in international sanctions is advisable to avoid unintended breaches.
  • Monitor for Updates: Sanctions regulations can evolve, so regular checks on the status of UK sanctions on Iran are important to ensure ongoing compliance.
In short, as long as a business is outside the targeted sanctions scope, and does not involve prohibited sectors, individuals, or activities, it may operate without violating UK sanctions law. However, due diligence and legal compliance remain essential.


----

UK sanctions against Iran primarily target specific activities, sectors, and individuals associated with national security, human rights abuses, nuclear proliferation, and destabilizing regional actions. Here’s a breakdown of the main activities and sectors targeted by the UK:

1.​

  • The UK's sanctions target Iranian entities and individuals involved in Iran’s nuclear and ballistic missile programs.
  • Any technology, goods, or services that could contribute to nuclear or missile development in Iran are strictly prohibited.
  • This includes a ban on the export of goods and technology that could support Iran's weapons program.

2.​

  • All arms sales, military technology, and dual-use goods that could be used for military purposes are restricted.
  • UK sanctions prohibit the supply, sale, or transfer of equipment that could support the Iranian military or paramilitary organizations.
  • Financial support or services related to military activities in Iran are also restricted.

3.​

  • The UK targets Iranian individuals and organizations responsible for or linked to serious human rights abuses, including torture, arbitrary detention, and violations of the right to free speech.
  • Sanctions include asset freezes, travel bans, and prohibitions on financial dealings with specific individuals involved in human rights abuses within Iran.

4.​

  • The UK imposes restrictions on Iranian banks, particularly those suspected of financing prohibited activities such as terrorism or nuclear proliferation.
  • Sanctions limit or block financial transactions and prohibit UK financial institutions from dealing with certain Iranian banks and financial entities.
  • These restrictions include prohibitions on providing insurance, reinsurance, or financial messaging services to listed Iranian financial institutions.

5.​

  • Sanctions prohibit investment in Iran's oil, gas, and petrochemical sectors due to concerns about revenue flowing to the Iranian government for prohibited activities.
  • Import and trade of Iranian oil, natural gas, and petroleum products are also banned.
  • Any financial transactions linked to the oil and gas sector that could benefit sanctioned entities are restricted.

6.​

  • The UK restricts the export of cyber-surveillance technology and equipment that could be used for internal repression.
  • This includes prohibitions on selling or exporting any technology that may aid in monitoring or surveillance of Iranian citizens, which could be used to stifle free speech or human rights.

7.​

  • Certain Iranian shipping lines and airlines associated with sanctioned activities are targeted, with restrictions on UK companies engaging with these entities.
  • Sanctions limit services that support the Iranian shipping and aviation sectors, particularly those related to the transport of prohibited materials (like arms or nuclear-related items).

8.​

  • UK sanctions apply to individuals and entities linked to the Iranian Revolutionary Guard Corps (IRGC) and other groups associated with terrorism or regional destabilization.
  • This includes prohibitions on financial support, goods, and services that could assist these organizations.

Compliance and Legal Considerations​

UK sanctions regulations are regularly updated to adapt to changes in Iran’s activities and international policies. For individuals or businesses considering any engagement in Iran, compliance with these sanctions requires thorough due diligence and often the guidance of legal experts in international trade and sanctions law.

----


Exactly – they’re far from carpet sanctions. UK sanctions against Iran are specifically targeted, focusing on particular activities, sectors, and individuals tied to concerns like nuclear proliferation, military activities, and human rights abuses. This approach means that many non-targeted, civilian, or humanitarian activities remain technically permissible, provided they don't interact with any sanctioned entities or restricted sectors.

For businesses or individuals navigating these sanctions, understanding these distinctions allows for lawful, compliant operations within Iran, though careful due diligence remains essential to avoid any inadvertent breaches.
----

So sure as long as you don't violate those as a UK citizen and don't use EURO/$ etc or SWIFT (SDNY) good to go

digital company -> on-chain stablecoin/other and basically a tax free country, hire a abdul etc.
 
  • Like
Reactions: Martin Everson
Sanctions against Iran are multifaceted, targeting specific individuals, entities, and sectors, while also imposing broader restrictions. For individuals, certain personal financial transactions are permitted under specific conditions.

Personal Remittances:

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) allows noncommercial, personal remittances to or from Iran, provided they are processed through U.S. depository institutions or registered brokers or dealers in securities. These transactions must not involve individuals or entities whose property and interests are blocked under U.S. sanctions.

Office of Foreign Assets Control


Business Transactions:

Business-related financial transactions with Iran are generally prohibited unless authorized by OFAC. Engaging in business with Iranian entities or individuals, especially those on the Specially Designated Nationals (SDN) list, can lead to significant legal consequences.

UK Sanctions:

The UK has implemented sanctions targeting specific Iranian individuals and entities, particularly those involved in activities undermining international peace and security. These measures include asset freezes and travel bans.

GOV.UK


EU Sanctions:

The European Union has imposed sanctions focusing on Iran's human rights abuses, nuclear proliferation activities, and military support for Russia's actions in Ukraine. These sanctions target specific individuals and entities, imposing asset freezes and travel bans.

Council of the European Union


Key Considerations:

  • Due Diligence: Before engaging in any financial transactions involving Iran, it's crucial to ensure that neither party is listed on sanctions lists, such as the SDN list maintained by OFAC.
  • Legal Compliance: Given the complexity of sanctions regulations, consulting with legal experts specializing in international trade and sanctions law is advisable to ensure compliance.
In summary, while personal remittances to and from Iran are permitted under specific conditions, business-related transactions are largely restricted. It's essential to conduct thorough due diligence and seek legal counsel when dealing with financial transactions involving Iran to navigate the intricate sanctions landscape effectively.
----
Establishing a digital company in Iran's Free Trade Zones (FTZs) as a British citizen is theoretically possible, given that these zones offer incentives like tax exemptions and simplified regulations to attract foreign investment. However, the feasibility of such an endeavor is significantly impacted by the current sanctions imposed by the UK and other Western nations on Iran.

UK Sanctions on Iran:

The UK has implemented extensive sanctions targeting Iranian individuals, entities, and sectors, particularly in response to human rights violations and activities undermining international peace and security. These measures include asset freezes, travel bans, and restrictions on business engagements with designated individuals and entities.

GOV.UK


Implications for Business Activities:

While Iran's FTZs are designed to attract foreign investment by offering various incentives, the UK's sanctions regime imposes significant legal and financial risks for British nationals considering business operations in Iran. Engaging in business activities with Iranian entities or within Iran's jurisdiction could lead to severe legal consequences, including substantial fines and reputational damage.

Recommendations:

  • Consult Legal Experts: Before pursuing any business ventures in Iran, it's crucial to seek advice from legal professionals specializing in international trade and sanctions law to ensure compliance with all applicable regulations.
  • Conduct Thorough Due Diligence: Ensure that any potential business partners or entities in Iran are not listed on sanctions lists, such as the UK's Consolidated List of Financial Sanctions Targets.
  • Stay Informed: Regularly monitor updates from the UK government and relevant authorities regarding sanctions on Iran, as regulations can change and may impact business activities.
In summary, while Iran's Free Trade Zones offer incentives for foreign investment, the current UK sanctions regime presents substantial obstacles for British citizens considering establishing a company in Iran. It's essential to conduct comprehensive due diligence and consult with legal experts to navigate the complexities of international sanctions law.

----

Yes, UK sanctions against Iran are indeed targeted, meaning they focus on specific individuals, entities, and sectors linked to issues like nuclear proliferation, human rights violations, and international security. This approach, as opposed to blanket or "carpet" sanctions, means that certain non-targeted economic activities may still be permissible—provided they don't involve anyone or anything on the UK’s sanctions lists.

Understanding Targeted vs. Non-Targeted Activities:​

  1. Direct Targets: UK sanctions typically freeze assets and prohibit financial dealings with specific people and entities, particularly those related to the Iranian government, military, or sectors like oil and banking.
  2. Non-Targeted Activities: If a business or individual in Iran is not connected to sanctioned sectors or persons, and if the business itself is not involved in activities prohibited by UK sanctions, then engaging with them might not technically violate sanctions laws. For example, certain humanitarian and educational sectors may be less impacted by sanctions.
  3. Free Trade Zones (FTZs): Iran's Free Trade Zones are intended to attract foreign investment and generally offer tax benefits and fewer bureaucratic requirements. If a digital business set up by a British citizen operates in one of these FTZs and is unrelated to sanctioned individuals, sectors, or activities, it may not directly fall under sanctions.

Key Considerations to Remain Compliant:​

  • Due Diligence: Ensure all business partners or entities are vetted to confirm they are not on the UK’s Consolidated List of Financial Sanctions Targets.
  • Seek Legal Advice: Since sanctions laws are complex and enforcement can be strict, consulting legal experts in international sanctions is advisable to avoid unintended breaches.
  • Monitor for Updates: Sanctions regulations can evolve, so regular checks on the status of UK sanctions on Iran are important to ensure ongoing compliance.
In short, as long as a business is outside the targeted sanctions scope, and does not involve prohibited sectors, individuals, or activities, it may operate without violating UK sanctions law. However, due diligence and legal compliance remain essential.


----

UK sanctions against Iran primarily target specific activities, sectors, and individuals associated with national security, human rights abuses, nuclear proliferation, and destabilizing regional actions. Here’s a breakdown of the main activities and sectors targeted by the UK:

1.​

  • The UK's sanctions target Iranian entities and individuals involved in Iran’s nuclear and ballistic missile programs.
  • Any technology, goods, or services that could contribute to nuclear or missile development in Iran are strictly prohibited.
  • This includes a ban on the export of goods and technology that could support Iran's weapons program.

2.​

  • All arms sales, military technology, and dual-use goods that could be used for military purposes are restricted.
  • UK sanctions prohibit the supply, sale, or transfer of equipment that could support the Iranian military or paramilitary organizations.
  • Financial support or services related to military activities in Iran are also restricted.

3.​

  • The UK targets Iranian individuals and organizations responsible for or linked to serious human rights abuses, including torture, arbitrary detention, and violations of the right to free speech.
  • Sanctions include asset freezes, travel bans, and prohibitions on financial dealings with specific individuals involved in human rights abuses within Iran.

4.​

  • The UK imposes restrictions on Iranian banks, particularly those suspected of financing prohibited activities such as terrorism or nuclear proliferation.
  • Sanctions limit or block financial transactions and prohibit UK financial institutions from dealing with certain Iranian banks and financial entities.
  • These restrictions include prohibitions on providing insurance, reinsurance, or financial messaging services to listed Iranian financial institutions.

5.​

  • Sanctions prohibit investment in Iran's oil, gas, and petrochemical sectors due to concerns about revenue flowing to the Iranian government for prohibited activities.
  • Import and trade of Iranian oil, natural gas, and petroleum products are also banned.
  • Any financial transactions linked to the oil and gas sector that could benefit sanctioned entities are restricted.

6.​

  • The UK restricts the export of cyber-surveillance technology and equipment that could be used for internal repression.
  • This includes prohibitions on selling or exporting any technology that may aid in monitoring or surveillance of Iranian citizens, which could be used to stifle free speech or human rights.

7.​

  • Certain Iranian shipping lines and airlines associated with sanctioned activities are targeted, with restrictions on UK companies engaging with these entities.
  • Sanctions limit services that support the Iranian shipping and aviation sectors, particularly those related to the transport of prohibited materials (like arms or nuclear-related items).

8.​

  • UK sanctions apply to individuals and entities linked to the Iranian Revolutionary Guard Corps (IRGC) and other groups associated with terrorism or regional destabilization.
  • This includes prohibitions on financial support, goods, and services that could assist these organizations.

Compliance and Legal Considerations​

UK sanctions regulations are regularly updated to adapt to changes in Iran’s activities and international policies. For individuals or businesses considering any engagement in Iran, compliance with these sanctions requires thorough due diligence and often the guidance of legal experts in international trade and sanctions law.

----


Exactly – they’re far from carpet sanctions. UK sanctions against Iran are specifically targeted, focusing on particular activities, sectors, and individuals tied to concerns like nuclear proliferation, military activities, and human rights abuses. This approach means that many non-targeted, civilian, or humanitarian activities remain technically permissible, provided they don't interact with any sanctioned entities or restricted sectors.

For businesses or individuals navigating these sanctions, understanding these distinctions allows for lawful, compliant operations within Iran, though careful due diligence remains essential to avoid any inadvertent breaches.
----

So sure as long as you don't violate those as a UK citizen and don't use EURO/$ etc or SWIFT (SDNY) good to go

digital company -> on-chain stablecoin/other and basically a tax free country, hire a abdul etc.

Imagine the British saying all that yet they continue to support and arm an apartheid state committing an illegal occupation and that has been accused of committing a genocide and has now invaded a neighboring country...interesting times we live in...;).

I remember when sanctions where lifted after JCPOA agreement that now failed all the European countries rushed in to sell goods to Iran from planes to automobiles to you name it.

I do think there are plenty of opportunities for the brave with a long term horizon.
 
You may want to invest 93 EUR and take a flight from Dubai to Kish island and get in touch directly with the freezone representatives.

I have attached some information about the procedures of establishing a company.
Setting up a company is straightforward. What about finding business opportunities/agents/facilitators?
 
  • Like
Reactions: jafo and DomOCT
Sanctions against Iran are multifaceted, targeting specific individuals, entities, and sectors, while also imposing broader restrictions. For individuals, certain personal financial transactions are permitted under specific conditions.

Personal Remittances:

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) allows noncommercial, personal remittances to or from Iran, provided they are processed through U.S. depository institutions or registered brokers or dealers in securities. These transactions must not involve individuals or entities whose property and interests are blocked under U.S. sanctions.

Office of Foreign Assets Control


Business Transactions:

Business-related financial transactions with Iran are generally prohibited unless authorized by OFAC. Engaging in business with Iranian entities or individuals, especially those on the Specially Designated Nationals (SDN) list, can lead to significant legal consequences.

UK Sanctions:

The UK has implemented sanctions targeting specific Iranian individuals and entities, particularly those involved in activities undermining international peace and security. These measures include asset freezes and travel bans.

GOV.UK


EU Sanctions:

The European Union has imposed sanctions focusing on Iran's human rights abuses, nuclear proliferation activities, and military support for Russia's actions in Ukraine. These sanctions target specific individuals and entities, imposing asset freezes and travel bans.

Council of the European Union


Key Considerations:

  • Due Diligence: Before engaging in any financial transactions involving Iran, it's crucial to ensure that neither party is listed on sanctions lists, such as the SDN list maintained by OFAC.
  • Legal Compliance: Given the complexity of sanctions regulations, consulting with legal experts specializing in international trade and sanctions law is advisable to ensure compliance.
In summary, while personal remittances to and from Iran are permitted under specific conditions, business-related transactions are largely restricted. It's essential to conduct thorough due diligence and seek legal counsel when dealing with financial transactions involving Iran to navigate the intricate sanctions landscape effectively.
----
Establishing a digital company in Iran's Free Trade Zones (FTZs) as a British citizen is theoretically possible, given that these zones offer incentives like tax exemptions and simplified regulations to attract foreign investment. However, the feasibility of such an endeavor is significantly impacted by the current sanctions imposed by the UK and other Western nations on Iran.

UK Sanctions on Iran:

The UK has implemented extensive sanctions targeting Iranian individuals, entities, and sectors, particularly in response to human rights violations and activities undermining international peace and security. These measures include asset freezes, travel bans, and restrictions on business engagements with designated individuals and entities.

GOV.UK


Implications for Business Activities:

While Iran's FTZs are designed to attract foreign investment by offering various incentives, the UK's sanctions regime imposes significant legal and financial risks for British nationals considering business operations in Iran. Engaging in business activities with Iranian entities or within Iran's jurisdiction could lead to severe legal consequences, including substantial fines and reputational damage.

Recommendations:

  • Consult Legal Experts: Before pursuing any business ventures in Iran, it's crucial to seek advice from legal professionals specializing in international trade and sanctions law to ensure compliance with all applicable regulations.
  • Conduct Thorough Due Diligence: Ensure that any potential business partners or entities in Iran are not listed on sanctions lists, such as the UK's Consolidated List of Financial Sanctions Targets.
  • Stay Informed: Regularly monitor updates from the UK government and relevant authorities regarding sanctions on Iran, as regulations can change and may impact business activities.
In summary, while Iran's Free Trade Zones offer incentives for foreign investment, the current UK sanctions regime presents substantial obstacles for British citizens considering establishing a company in Iran. It's essential to conduct comprehensive due diligence and consult with legal experts to navigate the complexities of international sanctions law.

----

Yes, UK sanctions against Iran are indeed targeted, meaning they focus on specific individuals, entities, and sectors linked to issues like nuclear proliferation, human rights violations, and international security. This approach, as opposed to blanket or "carpet" sanctions, means that certain non-targeted economic activities may still be permissible—provided they don't involve anyone or anything on the UK’s sanctions lists.

Understanding Targeted vs. Non-Targeted Activities:​

  1. Direct Targets: UK sanctions typically freeze assets and prohibit financial dealings with specific people and entities, particularly those related to the Iranian government, military, or sectors like oil and banking.
  2. Non-Targeted Activities: If a business or individual in Iran is not connected to sanctioned sectors or persons, and if the business itself is not involved in activities prohibited by UK sanctions, then engaging with them might not technically violate sanctions laws. For example, certain humanitarian and educational sectors may be less impacted by sanctions.
  3. Free Trade Zones (FTZs): Iran's Free Trade Zones are intended to attract foreign investment and generally offer tax benefits and fewer bureaucratic requirements. If a digital business set up by a British citizen operates in one of these FTZs and is unrelated to sanctioned individuals, sectors, or activities, it may not directly fall under sanctions.

Key Considerations to Remain Compliant:​

  • Due Diligence: Ensure all business partners or entities are vetted to confirm they are not on the UK’s Consolidated List of Financial Sanctions Targets.
  • Seek Legal Advice: Since sanctions laws are complex and enforcement can be strict, consulting legal experts in international sanctions is advisable to avoid unintended breaches.
  • Monitor for Updates: Sanctions regulations can evolve, so regular checks on the status of UK sanctions on Iran are important to ensure ongoing compliance.
In short, as long as a business is outside the targeted sanctions scope, and does not involve prohibited sectors, individuals, or activities, it may operate without violating UK sanctions law. However, due diligence and legal compliance remain essential.


----

UK sanctions against Iran primarily target specific activities, sectors, and individuals associated with national security, human rights abuses, nuclear proliferation, and destabilizing regional actions. Here’s a breakdown of the main activities and sectors targeted by the UK:

1.​

  • The UK's sanctions target Iranian entities and individuals involved in Iran’s nuclear and ballistic missile programs.
  • Any technology, goods, or services that could contribute to nuclear or missile development in Iran are strictly prohibited.
  • This includes a ban on the export of goods and technology that could support Iran's weapons program.

2.​

  • All arms sales, military technology, and dual-use goods that could be used for military purposes are restricted.
  • UK sanctions prohibit the supply, sale, or transfer of equipment that could support the Iranian military or paramilitary organizations.
  • Financial support or services related to military activities in Iran are also restricted.

3.​

  • The UK targets Iranian individuals and organizations responsible for or linked to serious human rights abuses, including torture, arbitrary detention, and violations of the right to free speech.
  • Sanctions include asset freezes, travel bans, and prohibitions on financial dealings with specific individuals involved in human rights abuses within Iran.

4.​

  • The UK imposes restrictions on Iranian banks, particularly those suspected of financing prohibited activities such as terrorism or nuclear proliferation.
  • Sanctions limit or block financial transactions and prohibit UK financial institutions from dealing with certain Iranian banks and financial entities.
  • These restrictions include prohibitions on providing insurance, reinsurance, or financial messaging services to listed Iranian financial institutions.

5.​

  • Sanctions prohibit investment in Iran's oil, gas, and petrochemical sectors due to concerns about revenue flowing to the Iranian government for prohibited activities.
  • Import and trade of Iranian oil, natural gas, and petroleum products are also banned.
  • Any financial transactions linked to the oil and gas sector that could benefit sanctioned entities are restricted.

6.​

  • The UK restricts the export of cyber-surveillance technology and equipment that could be used for internal repression.
  • This includes prohibitions on selling or exporting any technology that may aid in monitoring or surveillance of Iranian citizens, which could be used to stifle free speech or human rights.

7.​

  • Certain Iranian shipping lines and airlines associated with sanctioned activities are targeted, with restrictions on UK companies engaging with these entities.
  • Sanctions limit services that support the Iranian shipping and aviation sectors, particularly those related to the transport of prohibited materials (like arms or nuclear-related items).

8.​

  • UK sanctions apply to individuals and entities linked to the Iranian Revolutionary Guard Corps (IRGC) and other groups associated with terrorism or regional destabilization.
  • This includes prohibitions on financial support, goods, and services that could assist these organizations.

Compliance and Legal Considerations​

UK sanctions regulations are regularly updated to adapt to changes in Iran’s activities and international policies. For individuals or businesses considering any engagement in Iran, compliance with these sanctions requires thorough due diligence and often the guidance of legal experts in international trade and sanctions law.

----


Exactly – they’re far from carpet sanctions. UK sanctions against Iran are specifically targeted, focusing on particular activities, sectors, and individuals tied to concerns like nuclear proliferation, military activities, and human rights abuses. This approach means that many non-targeted, civilian, or humanitarian activities remain technically permissible, provided they don't interact with any sanctioned entities or restricted sectors.

For businesses or individuals navigating these sanctions, understanding these distinctions allows for lawful, compliant operations within Iran, though careful due diligence remains essential to avoid any inadvertent breaches.
----

So sure as long as you don't violate those as a UK citizen and don't use EURO/$ etc or SWIFT (SDNY) good to go

digital company -> on-chain stablecoin/other and basically a tax free country, hire a abdul etc.
Interesting, but who cares about sanctions and a completely irrelevant country like the UK is?
 
  • Like
  • Haha
Reactions: jafo and JosephLL
Setting up a company is straightforward. What about finding business opportunities/agents/facilitators?
Iranian Business Council in UAE could be useful
https://www.ibc.ae/
 
  • Like
Reactions: jafo and JohnnyDoe
Register now
You must login or register to view hidden content on this page.