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:
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:
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:
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.
Holders of a residence permit by investment can:
The eligibility criteria for Iran Residence Permit are as follows:
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
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:
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.
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Iran does not recognized dual citizenship.
Yes you can include your spouse, sons under 18 years old, unmarried daughters of any age, and parents.
Have resided five years, whether continuously or intermittently in Iran.
No interview required.
It takes five years and must be at least 18 years old, not be a military service escapee, and have not been convicted of a major crime in any country.
Individuals of Iranian nationality resident in Iran are subject to tax on all their income whether earned in Iran or abroad.
Non-resident individuals are liable to pay tax only on their Iranian-sourced income.
There is no net wealth/worth tax in Iran.
Inheritance taxes are levied at progressive rates depending on the relationship between the deceased and the heir.