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Iran to ease foreign investment regulations

25 July 2010

Iran's finance and economic affairs ministry has said it plans to facilitate regulations for foreign investments, Mehr news agency has reported. "According to that (regulations), the small-scale (foreign) investors can easily take their capital out of the country and the large-scale investors, which possess 10% of the agency's value or 10% of the management position, can take their capital out of the country after two years upon receiving permission (from the government)," minister Seyyed Shamseddin Hosseini told a conference of the annual World Investment Report (WIR) by the UN Conference on Trade and Development (UNCTAD). In 2009, Iran attracted some $3bn in foreign investments, an 86 increase year-on-year, the minister noted.

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