Chapter one: definitions
the terms and expressions used in this law shall have the following meanings:
law: the law for the promotion and protection of foreign investments.
foreign investor: non-Iranian natural and/or juridical persons or Iranians using capital of foreign source, who have obtained the investment license referred to in article (6).
foreign capital: all types of capital, being cash or non-cash, brought into the country by foreign investors and includes the following:
a. cash funds in the form of convertible currency imported into the country through banking system or other methods of transfer, acceptable to the central bank of the Islamic Republic of Iran;
b. machinery and equipments;
c. tools and spares, ckd parts and raw, addable, and auxiliary materials;
d. patent rights, know-how, trade marks and names, and specialized services;
e. transferable dividends of foreign investors;
f. other permissible species approved by the council of ministers.
foreign investment: application of foreign capital in a new or existing economic entity after obtaining the investment license.
investment license: the license issued for every foreign investment in accordance with Article 6 of this law.
organization: the organization for investment, economic and technical assistance of Iran, subject matter of article (5) of the law establishing the ministry of economic affairs and finance ratified on July 15, 1974.
high council: the high council for investment, subject matter of article (7) of the charter of the organization for investment, economic and technical assistance of Iran ratified on June 2, 1975.
board: the foreign investment board, subject matter of article (6) of this law.