About Iran Citizenship and Residency

Iran offers residency by investment, the government has finalized laws and regulations on granting residency to foreigners with long-term investments in the financial markets in Iran, particularly in the capital market. The Iranian government approved a by-law that grants five-year residency to foreign investors if they invest USD$250,000 or equivalent in other currencies, accepted by the Central Bank of Iran (CBI).

Investors receive a residence permit in Iran if they invest money in the country’s economy:

• open a deposit in a bank
• invest in local business or production
• buy government bonds or real estate
• investment in Iran’s financial market (recently added)

 

The minimum investment amount to obtain a residence permit in Iran is $250,000 regardless of the option. Investments are not only allowed in US dollars you can invest in any hard currency recognized by the Central Bank of Iran, such as Rubles, Euros, or UAE Dirhams. Deposits in any currency must equal the minimum amount invested at the exchange rate in effect at the time of investment.

The investor has the right to include his family members in the application for a residence permit:

• spouse
• sons under 18 years old
• unmarried daughters of any age
• parents

 

If the family of six receives a residence permit, for each relative starting from the sixth investor pays an additional $50,000.

Iran grants a residence permit for 5 years. After that the investor can:

• Extend the residence permit for another 5 years – by notifying the Iranian Ministry of Interior three months before the expiration date of the residence permit.
• Renunciation of the residence permit – by notifying the Iranian Ministry of Interior 6 months before the expiration date of the residence permit.

 

Types of Iran Residence Permit

To reside in Iran, you must have a residence permit. The types of residence permits are as follows:

Permanent Residence Permit

This document allows you to live and work in Iran indefinitely, except for certain travel restrictions. You must obtain a visa from the Iranian embassy or consulate in your home country to get Iran Permanent Residence Permit. The application process is straightforward, once your application is approved, the Iranian embassy or consulate will send you an approval letter confirming your eligibility.

Temporary Residence Permit

Iran temporary residence permit is an immigration document that allows individuals to stay in the country for a specific period. The Iranian Ministry of Interior issued the permit, and it can be used to stay in Iran for tourism, business, or medical reasons. The permit is valid for three years and can be extended once for three years. Iran temporary residence permit holders are not allowed to work in Iran without prior approval from the Iranian Ministry of Labor.

 

Benefits Of Iran Residency By Investment Program

Holders of a residence permit by investment can:

• live and do business in the country
• they also have the right to use the public health and education system
• can obtain a driver’s license
• can enter and leave the country an unlimited number of times

 

 

Iran Residency Requirements And Qualifications

The eligibility criteria for Iran Residence Permit are as follows:

• Iranian citizens with valid passports and above 18 are eligible for the residence permit.
• Foreign nationals who are married to an Iranian citizen or have a child who is an Iranian citizen also qualify for the residence permit.
• Applicants must have a clean criminal record.
• Applicants must have a valid reason for wanting to reside in Iran, such as employment, study, or family reasons.
• Applicants must be in good health and not suffer from communicable diseases.
• Applicants must have adequate financial resources to support themselves during their stay in Iran.

 

Required Documents

• A valid passport – Make sure your passport is up to date and won’t expire while in Iran.
• Two recent passport-sized photos
• A filled-out application form – You can get this form from the Iranian consulate or embassy in your home country.
• A copy of your birth certificate –  this should be an official copy, not a photocopy.
• Letter of recommendation from your employer or sponsor
• Copy of your employment contract or offer letter
• Proof of financial means, such as bank statements or a sponsorship letter.

 

Steps And Timeline

Step 1: Apply, and fill out the Form. A formal application will be extracted from your submitted data to be sent to the Iranian Ministry of Foreign Affairs, which authorizes the consulate for visa issues. Be sure that the details have been entered correctly since they must match your passport info and the documents which will be submitted later to the consulate for collecting the visa.

Step 2: Payment. You will receive the service bill and payment instructions after submitting the application. This charge is different from the visa fee which you must pay to the consulate for stamping your passport.

Step 3: Receiving the visa code. The output will be an authorization letter which will be transmitted to the Iranian Consulate which you have indicated in the form. You will receive the visa code and a visa grant notice document with which you will be able to collect your visa. This code is only valid for the mentioned consulate and only for a month from the date of issue. You may request we forward it to another consulate with an extra charge.

Step 4: Collect the Visa. Having the reference code, you will refer to the consulate with your passport (which must be valid for the next 6 months), the completed visa application form, 2 new passport size photos (may not be needed sometimes), the visa fee (which depends on your nationality) and the authorization reference code, (always check the needed documents with the consulate, as there may be differences from one consulate to another).

Step 5: Enter Iran

 

Our Services

Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and expedite your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

Privacy World can also help you with incorporating your company in Iran, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

Want Privacy World to handle your case? Have any questions? Contact us!

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