Tentmaker Reports

Iran, Islamic Rep. Report

Entrepreneurial Missions Index

45.29

General Information

Population

73,973,630 (17th most populous country in the world)

RELIGIONS
Muslim98%
Other2%
LANGUAGES
Persian & Dialects58%
Turkic & Dialects26%
Kurdish9%
Luri2%
Balochi1%
Arabic1%
Turkish1%
Other2%

Industries

Petroleum, petrochemicals, fertilizers, caustic soda, textiles, cement and other construction materials, food processing, ferrous and non-ferrous metal fabrication, armaments

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Iran, Islamic Rep., visit https://www.cia.gov/library/publications/the-world-factbook/geos/ir.html.

Business Information

The World Bank ranks Iran, Islamic Rep. as 140 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Iran, Islamic Rep..

In order to start a business in Iran, Islamic Rep., one must follow these procedures:

  1. Search and reserve a unique company name
  2. Deposit at least 35% of the subscribed shares in a bank account and obtain a certificate from the bank
  3. Register the company with the Companies Registration Office for companies and pay registration duties
  4. Place a notice of the company formation in the Official Gazette and the selected newspaper of general circulation
  5. Take out the officially sealed books of account within 30 days after the date of registration
  6. Pay the share certificate stamp duty within 60 days after the date of registration of the company
  7. Enroll workers in the social security program by open files for all employees before the Iranian Labor Department and obtain a workplace number

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Iran, Islamic Rep., visit http://www.doingbusiness.org/.

 

 

Iran, Islamic Rep. Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   

 

Iran, Islamic Rep. Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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