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 GoKish -> News -> Stablish italian bank in free country regions
Stablish italian bank in free country regions
The Vice President said: In order to encourage investment and bank established as the most important economic infra structure in free zones, the foreign investors will enjoy of Governmental facilities.
      Hamid Baghaiee the head of Cultural Heritage Handicrafts & Tourism in meeting Brada Nyny Italian Ambassador said " Iran's Government recently has passed legislation upon which the investors who intend to establish banks in the free zones will have governmental facilities".
      Baghaiee continued: Base on rules of Islamic Republic of Iran, establishing Bank in the country needs $ 400 Million initial capital while the government is to manage the launch of foreign banks in the free zones by only $ 50 Millions .i.e. one eighth of above mentioned capital .
      He added: payment of 35 percent of this amount will be in cash and the balance 65 percent in five-years installments .
      Baghaiee said: the shares of this bank will be foreign shares in total and if the foreign investor tend to show, Iran is ready to buy up to 50 percent of the shares.
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[1389-12-07 - Times Viewed : 3194]

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