On the occasion of President Rouhani's visit to Italy, Sace has published a "Vademecum for businesses" in Iran.
The implementation that took place last January 16 after the signing of the agreement between Tehran and the P5+1 group (United States, Russia, China, United Kingdom, France and the mediation of the European Union) which marked the closure of the dossier of the nuclear power plant and the country's readmission to the international community, new economic scenarios are opening up which nonetheless continue to present high risk profiles and operational difficulties of a legal, documentary and operational nature.
The lifting of the sanctions imposed on the Iranian republic will result in a return to trade and foreign investment, creating opportunities in various strategic sectors, including oil & gas, petrochemicals, automotive and construction. An important opportunity also for Italy given the traditional relations between the two countries which could lead, according to Sace, to an increase in Italian exports of almost 3 billion euros by 2018.
Rouhani's aim is to attract foreign investments of between 30 and 50 billion dollars in order to achieve growth objectives.
Sace therefore supplies 10 golden rules for doing business in Iran:
1- check if the suspension of sanctions applies to your products;
2- check the Iranian counterparts to do business with;
3- monitor regulatory and customs procedures;
4- check the permitted payment methods;
5- verifies that the contracts comply with the standards and specific clauses envisaged at national and international level;
6- keep an eye on the evolution of the sanctioning process;
7- take advantage of the country's potential to internationalize your business;
8- protect your investments;
9- promote your business in Iran;
10 – know the operating context.
