VOL. XL

No. 46

17-November-1997

IRAN

Iranian Parliament Approves Law For Foreign Companies

The Iranian parliament on 12 November approved a law allowing foreign companies toregister branches in Iran, thereby removing restrictions which date back to the 1979Islamic revolution. The first stage of this law was passed in August. The law provides for"companies which are recognized in their country of registration to register theirbranch or agent firm" in Iran and makes the authorization conditional...