Shahram Shirkhani Discusses Foreign Direct Investment in Iran

A prominent legal professional in Iran, Shahram Shirkhani currently serves as a Partner with the International Law Firm of Shirkhani & Alavi. Earlier in his career, Dr. Shirkhani worked as an international legal advisor with the Foreign Investment Authority, where he organized several key transactions with foreign entities.

In recent years, Iran has emerged as one of the most attractive countries in the world for foreign direct investment. The World Economic Forum placed Iran in the top 10 countries for drawing foreign investments in sectors such as oil and gas, vehicle manufacture, foods, pharmaceuticals, and others. Since 1992, Iran has seen total foreign investments of more than $34 billion from countries in North America, Europe, and Asia, as well as from Australia and South Africa.

As the second largest oil producer in OPEC (the Organization of the Petroleum Exporting Countries) and the home of abundant natural resources, Iran attracts a large quantity of foreign investment in oil, gas, and mining. The nation has attempted to increase the attractiveness of non-oil exports, primarily through competitive advantages such as an educated workforce, inexpensive labor, and geographical access to the Caspian markets and the Persian Gulf states.

According to the laws of Iran, foreign citizens receive the same privileges and rights as Iranian citizens. In business terms, this means that companies formed by foreign nationals in Iran must adhere to the same laws as companies formed by Iranian nationals.