TEHRAN – The acting head of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) said the country will soon launch foreign investment promotion agencies to streamline licensing, residency, and currency-related procedures for international investors.

Mehdi Heidari said at the “Foreign Investors: Opportunities and Challenges” conference that the agencies will provide integrated services to ensure efficiency and respect for investors while facilitating the entry of foreign capital.

He added that, under a new decision by the Foreign Investment Board, investors may now bring gold into the country as capital, which can be traded on the Iran Mercantile Exchange or the Currency and Gold Exchange Center. The move is intended to preserve investors’ asset value while supporting entry into production and export sectors.

Heidari noted that establishing these agencies will help remove key barriers in licensing, residency, and currency procedures. He also said decision-making authority will be delegated to provinces, with investment board meetings held locally based on regional potential.

He stressed equal treatment for domestic and foreign investors, calling for special incentives such as dedicated industrial parks for foreign investors to encourage participation. He also highlighted the importance of regularly updating provincial investment service packages to effectively showcase local opportunities.

EF/MA