No. 28



Iran Lifts Restrictions On Foreign Investment Banking InFree Trade Zones

All restrictions on capital investment in banking in Iran痴free trade zones have been lifted, following the approval on 3 July by theState Expediency Council of a new law which allows foreign entities to hold upto 100% of the capital of banks to be set up in the free trade zones of theGulf islands of Qeshm and Kish and the port of Chahbahar on the Sea of Oman.Under the previous law, foreign...