Ardeshir Atai is one of the Iranian professionals who have recently returned home from abroad to practice their careers, but he also is part of the growing numbers arriving steadily to be part of the new opening in the wake of the historic nuclear deal between Iran and the six world powers. Dr.Atai sees potential for foreign investment and hopes for visible improvement in a post-sanctions era in various sectors of the economy, including his own law-firm geared toward offering advice to foreign companies wanting to deal with business. An alumnus of the University of London, he also teaches at the Islamic Azad University.
The Financial Tribune caught up with him after he returned from a speech trip at the ongoing Milan Expo. He attended the event at the invitation of the Expo organizers to present an overview of the Iranian legal system for doing business. The topics that Atai covered included the FIPPA (Foreign Investment Promotion and Protection Act of Iran) to encourage foreign firms to enter the Iranian market, the stock exchange and the over-the-counter market and FDI in manufacturing sectors namely oil/gas.
“We told them that as a new incentive by the Iranian government, foreign companies can establish a wholly-owned company – 100% shareholding by foreigners — which is a very important step to make the climate attractive and friendly for foreign firms,” he noted.
To continue readong please use the link below: