Are foreign companies bound to register their branch and representative offices for initiating commercial activity in Iran?
According to Articles 3 and 4 of the Registration of Companies Act, approved in 1931, any foreign company that wants to carry out commercial, industrial or financial activities in Iran through a branch office or a representative, must first has already been recognized in its country of origin as a legal entity and then it should be duly registered in Iran. The Council of Ministers has also decreed that the purchase of machinery, equipment and services from foreign companies is permitted on the condition that they have their own registered representative office in Iran.
