Is Iran a wealthy country?
Based on official reports, Iran is considered to be the eighteenth most robust economy in the world.
Why? To name a few:
- Iran is known for its massive reserves of fossil fuels.
- The country built the second nuclear power in the Middle East in 2011.
- It has the world’s second-biggest gas reserves ranking third in the world in natural gas production
- It also has the world’s fourth-biggest oil reserves.
- Iran is developing renewable sources of energy to meet its future needs.
- In 2008, Iran opened its first geothermal and wind-powered plants.
- Iran also ranks 10th in tourism and 5th in ecotourism!
What’s more, Iran is the second-largest opportunity for foreign investors.
There are many areas in services and products that are far from saturation:
- Iran has a young population (about 70% of the population is under the age of 30).
- Iran is moving away from oil and state economy.
- Iranian consumers are inclined to buy from world-famous brands.
Banks in Iran have an annual minimum 15% interest rate.
What is Iran’s GDP?
The GDP in Iran is expected to be 485.00 USD Billion by the end of 2019 and projected to trend around 515.50 USD Billion in 2020.
What are the tax rates in Iran?
The corporate income tax rate in Iran is 15- 25%. The tax for foreign investors is Zero. VAT is 9%.
Iranian real estate market:
One of the best financial opportunities in Iran is the real estate market, with 20% annual profit, especially in Tehran. There is also 9% inflation.