Published: 06 Oct 2008 17:51:21 PST
Setting up a company
Legal business entities
| Different types of companies | Number of partners/shareholders | Maximum and/or minimum capital | Liabilities | Registration fees |
| Sherkat Sahami Am is a private company limited by shares. | Minimum 3 shareholders. | Minimum IRR 1 million. | Partners' liability is limited to the amount contributed in shares. | Registration fees depend on the amount of the capital. |
| Sherkat Sahami Khass is a public company limited by shares. | Minimum 3 shareholders. | Minimum 5 million IRR. | Partners' liability is limited to the amount contributed in shares. | Registration fees depend on the amount of the capital. |
- Business setup procedures
- Before taking any administrative steps, founders of the future company have to contact the OIETAI which is the Investment, Economic and Technical Assistance Organisation in Iran. The company is then registered with the Chamber of Commerce and Industry in Iran (CCIMI: Chamber of Trades, Industries and Mines).
Working conditions
- Legal weekly duration
- 39 hours
- Retirement age
- Working contracts
Cost of labor
- Minimum wage
- Varies depending on the activity sector and the area.
- Average wage
- Social security contributions paid by employers
- Social security contributions paid by employees
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