Business: Capital for Iran

After eight months and 14 days of deliberation, Iran's Parliament last week passed a law to attract foreign capital and to help develop its unexploited resources. Although the specific details have not been drafted, the new law will offer foreign investors all the protection given domestic capital. Foreign businessmen will be allowed to transfer their net profit home without currency restrictions. If they liquidate their business, they can send both profits and capital home on a three-month notice, must keep only 10% of the total in Iran for six months to meet any possible claims. Finally, in case of nationalization, "fair...

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