Extracts from the commercial register of Iran

Schmidt & Schmidt provides extracts from the commercial register of Iran with a translation and an apostille as pdf-file via e-mail. The Islamic Republic of Iran is a sovereign state in Western Asia. Iran is an islamic republic, with the president as head of state. The state religion is Islam. Local currency is the Rial (IRR), the official language is Persian. Iran is a member of the United Nations (UN), the Organisation of Petrol Exporting Countries (OPEC) and other international organisations. Iran has an observer status at the Shanghai Cooperation Organisation (SCO). In terms of GDP-level, Iran ranks among the 20 most successful countries in the world. Petrol drilling and export make up 45% of the national budget, Iran ranks second worldwide in terms of petrol drilling. The service sector accumulates roughly 60% of the GDP. Iran has a mixed legal system. Corporate practice is regulated in the Commercial Code, the Law on Exports and Imports and other legal statutes.

Main types of businesses:

• Sherkat Sahami – Joint-stock company
• Sherkat ba Masouliyat Mahdoud – Limited liability company
• Sherkat Tazamoni – General business partnership
• Sherkat Mokhtalet Gheyr Sahami – Limited partnership
• Sherkat Mokhtalet Sahami – Mixed company
• Sherkat Nesbi – Ordinary partnership
• Sherkat Ta’avoni Towlid va Masraf – Limited partnership

Additionally, foreign branch offices may operate in Iran. The State Organisation for Registration of Deeds and Properties is responsible for registration in the commercial register.