Foreign branches Banking and insurance in Iran

the minimum capitalization establishing foreign bank branch in iran euro 5m. handful of foreign bank branches , representative offices extant in country allowed undertake administrative , coordination activities not permitted open customer accounts inside territory of mainland iran, receive deposits or extend normative facilities.

until now, foreign banks in iran have acted bridge between foreign companies same mother country in host country. foreign companies learned of iran s economic , investment opportunities through these foreign banks in country.

in 2010, iranian government lifted cap on percentage of shares in iranian banks can owned foreign individual or company. original law, applied both iranians , foreigners, restricted amount of shares in bank single company own 10 percent , individual 5 percent. iranian ownership of banks still subject limits.

according new rules, iranian government has authority form joint banks foreign entities. foreign entities can hold on ten percent of shares in joint banks iran shares cannot exceed more 49 percent. under same provisions, foreign individuals , entities have @ least 51 percent iranian ownership shall considered iranian companies.