Iranian offshore bank to be established overseas: Minister
Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi announced on Saturday that for the first time, permission has been granted for an offshore bank, as the Central Bank of Iran is issuing the required approval.
One of the main priorities of the country for economic growth is to introduce measures that lead to an increase in investment in Iran, the minister said, reported IRNA.
In the field of domestic investment, despite the fact that the investment rate in the previous government was zero, last year there was a 6.7% increase in investment in Iran’s economy, Khandouzi noted. The minister added that in the field of foreign investment, the amount of attracted foreign direct investment (FDI) during the recent 18 months has been higher than the same period in the previous government. Foreign investors will receive a residence permit for a period of five years once they transfer at least $100,000 to the country, he said.