Some Positives Developments in Iran’s economy and business prospects.
During recent weeks, some econo-legal developments happened which might have a positive effect on the business environment:
During recent weeks, some econo-legal developments happened which might have a positive effect on the business environment:
Startup is a buzzword of our era and recently governments all around the world look at it as a hero to defeat unemployment and economic stagnation. They encourage creative young graduates to start their own business instead of looking for a monthly stipend job by easing the legal environment of startups.
This year we had the pleasure of having a bright young British intern in our Law Office for about a period of one month. John Macleod a student of Middle Eastern Studies in Cambridge University who speaks Farsi in such a way that you cannot believe your ears has shared with us his experience of living in Iran for five months. Below, you can read this short memoir in his own words:
The rather recent complaint raised against Iran Central Bar Association by some of the law graduates before the Competition Council made us have a look at competition regulations in Iran’s legal system. The relevant graduates have objected the capacity limitation set for being admitted in the bar exams alleging that setting a capacity limitation as opposed to having a criteria based exam is contrary to the applicable competition regulations.
Nowadays, customers are exposing to thousands of similar products together with variety of advertisements. A creative and distinguished product-packaging would definitely attract more customer’s attention and therefore bring about more income and popularity to a company among its peers.
Like in many other industrial areas, the policy of Iranian government in tobacco industry revolves around encouragement of local production. This policy is more pronounced in tobacco industry because during the recent years a considerable amount of tax revenues have been lost due to smuggling. On the other hand, Iranian cigarette production was not able to compete with the international moguls of the industry. Due to the fact that consumers preferred well-known international brands, importation (both legal and illegal) of cigarettes was in high demand. This led to a crippling of the cigarette industry and also a huge loss of tax and monopoly incomes for the government.