Iran for doing business tax free

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Maybe you can use local banking and exchange for crypto if you want to take the money out.

If you need to accept international payments do it through crypto.
 
The central thing in all these options is how KYC'd they are. If they are KYC'd up to the gills like the US then that's just an extra set of problems.
 
Don said:
Iranian Business Council in UAE could be useful
https://www.ibc.ae/
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Also Bank Saderat Iran. Their UAE bank branch in Dubai you can open accounts for payment and account needs. Opening forms are online. You can also walk right in and ask about accounts if you have questions.

http://www.banksaderat.ae

P.S Bank Melli Iran has bank branch in Dubai also. So for the determined it is totally possible to do legal business in Iran if you observe sanctions.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Martin Everson said:
Also Bank Saderat Iran. Their UAE bank branch in Dubai you can open accounts for payment and account needs. Opening forms are online. You can also walk right in and ask about accounts if you have questions.

http://www.banksaderat.ae

P.S Bank Melli Iran has bank branch in Dubai also. So for the determined it is totally possible to do legal business in Iran if you observe sanctions.
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I might as well add Europäisch-Iranische Handelsbank AG here (for SEPA access). It's a German bank with branches in Iran, including Kish Island.
https://www.eihbank.com/en/
 
Don said:
I might as well add Europäisch-Iranische Handelsbank AG here (for SEPA access). It's a German bank with branches in Iran, including Kish Island.
https://www.eihbank.com/en/
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That's a good option. But I don't think they are a direct SEPA participant as I cannot find them on list? Bank Melli in Hamburg is also an option. They have advantage of extensive branch network throughout Iran also.

https://www.bankmelli.de/en/


P.S I am sure the next Marc Rich will emerge as where there is demand and cheap resources there is money to be made.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Martin Everson said:
That's a good option. But I don't think they are a direct SEPA participant as I cannot find them on list? Bank Melli in Hamburg is also an option. They have advantage of extensive branch network throughout Iran also.

https://www.bankmelli.de/en/


P.S I am sure the next Marc Rich will emerge as where there is demand and cheap resources there is money to be made.
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Yes, they are.
Check SCT Register of Participants
https://www.europeanpaymentscouncil...s/registers-participants-sepa-payment-schemes
 
ecool said:
Is this 20-year tax exemption the same as the 50-year tax exemption promised by UAE freezones?
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It's not exactly the same. Nowadays, in the UAE, rather limited activities are exempt from tax (also referred to as qualifying activities), so in Iran the scope is broader.

However, you can still have your UAE entity provide headquarters services (tax-free in the UAE) to affiliated entities, e.g., in Iran.

To do business globally with an Iranian company, you might need to have intermediary entities in other jurisdictions.
 
Sanctions is nothing more than "rules for thee, not for me".

For as long as I can remember Iranian goods were paid for in cash in Italy. Several banks there facilitated the exchange from cash to Euro (and even dollar) and then paid by banktransfer the supplier.

Specifically funny because many Iranian companies negotiated in dollars and paid in dollars in cash. Only to see those dollars being converted to dollars. 😎

People I worked with called Italy always the anus of Europe because of them facilitating transactions to and from Iran. Owh and all of this is known at the highest levels of government / EU and other bodies.
 
GPT said:
Sanctions is nothing more than "rules for thee, not for me".

For as long as I can remember Iranian goods were paid for in cash in Italy. Several banks there facilitated the exchange from cash to Euro (and even dollar) and then paid by banktransfer the supplier.

Specifically funny because many Iranian companies negotiated in dollars and paid in dollars in cash. Only to see those dollars being converted to dollars. 😎

People I worked with called Italy always the anus of Europe because of them facilitating transactions to and from Iran. Owh and all of this is known at the highest levels of government / EU and other bodies.
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Exactly. Speaking of which:

https://twitter.com/x/status/1853388799943823722
 
Source?

(A random Twitter account is not a source, by the way. Especially not with "multipolar" in its bio.)
 
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