Sealing the company's legal notebooks

To obtain notebook sealing, the documents below must be presented:

1. Copy of the ID and national card of the CEO + company’s stamp.
2. The establishment ad of the company in the event of changes in the name or location of the company and newspaper of the latest changes.

The method of sealing the commercial (legal) offices of Iranian and foreign companies and businessmen, including:

1. Notebook of the newspaper.
2. The General Notebook.
3. Asset (property) notebook.

The notebook of the newspaper is a notebook responsible for registering everyday claims and debts and commercial transactions and, in general, all imports and exports of the trade in any official name. The general notebook is a notebook where the businessman must extract all transactions from the newspaper notebook at least once a week and identify and distinguish between different types of business and summarize each type on a special page in that notebook. The notebook of the property is a notebook in which the businessman must arrange and sign each year a comprehensive form of all movable and immovable property and debts and claims of the past year: each company or institution or cooperative company, such as a cooperative of consumption or housing is required to register at the registry notebook. It is required to take the sealed notebook (in accordance with Article 6 of the Commercial Bureau Law). All banks have the newspaper and the total assets and their assets for their annual operations, should be in the order of the date in the pages of all exports and import. Amending and labeling, as well as whitening or writing is prohibited, and all those notebooks should be kept at least 10 years after the end of each year.

In accordance with Article 13 of the Law of the Commercial notes, the clients who refer to Registry office for sealing their legal notebook must first provide form of the declaration of sealing commercial notebooks through sales department of the worthy documents and mention the number of notebooks. The form of the declaration must be filled out by the company's manager or the merchant personally and affixed to the company's seal together with the registration number of the company or institution in the sheet, unless the company or institution which has not yet made the seal is that all companies and institutions, upon registration,  are required to seal the notebooks, but the registration number must be inserted in the declaration of sealing the notebooks, and all the details of the managing director or trader and the address of the company or office of the merchant must be written in the sheet.

If the referral is a representative or a businessman, his full details should appear on the bottom of the page and present an identification card. The client, who supplies the notebook and completes the related documents i.e. the seal of the commercial notebooks, can refer to sealing department of the registration companies and non-commercial enterprises office of the department for the clearance of commercial notebooks.

1. Delivers the orderly numbered and strapped notebook to the relevant officer.

 

1. The relevant officer delivers the declaration of seal of the notebooks which is completed and signed and stamped by the company from the deliverer and inserts the number of pages of the newspaper, general and asset notebooks, and if the number of notebooks are more than one, he shall write the last number of each notebook on the top of page in bold. For example, 100 newspaper notebooks with 199 pages, 100 general notebooks with 200 pages, or, if all the pages are not numbered, are written in this way: One hundred volumes of the double newspaper notebooks, 3 half pages and then the client takes the notebook the accounts section, and the accountant issues the invoice according to the number of volumes and pages to be paid through Nation Bank (the nearest branch). Afterwards, the client delivers the paid up bill to the accountant. Then, the accountant delivers the declaration of notebooks seal as well as the dated bill of payment to the applicant. There are 2 banking bill, one of which is kept by the accountant and the other is delivered to the client.

 

Now, the client’s notebooks are done and he has completed the declaration of seal of the notebooks and has paid the registration fee, so he can refer to the relevant officer for sealing the notebook. The officer is obligated to count the pages of the notebook and insert the number of pages as well as the name of notebook owner on both sides of the strap with a seal of lead, which the organization of documents and real estate has provided for this purpose - on one lead, the name of registration office is carved (In accordance with Article 12 of the Commercial Code). It should be noted that the straps of the notebook are durable enough not to cause further inconvenience to the client. The last step is to sign the notebooks in front of the officer of notebook sealing. The person in charge is responsible for ensuring that the declaration is appropriately completed, all the notebooks are legible (name, notebook number and date. Most importantly, the officer must note that the notebooks are plain, and after a full controlling, sign the notebook and insert the current date in numbers and letters.

Meaning of Free Zone and the advantages

Free Zone is a port and non-port zone, and according to the Article 13 of the Free Industrial-Commercial Zone of the Islamic Republic of Iran, approved on 7/6/1372, the legal entities and individuals who have different kinds of economic activities in these free zones, are exempted from tax on income and assets for a period of 15 years. Free zones are subject to the current regulations of the foreign country and include benefits such as tax exemptions, exemption of profits and customs duties, and the absence of currency and administrative extra operations, as well as facilitating and expediting import and export processes by attracting foreign investments and transferring technology and land development of the main land.

The United Nations (UNERO) definition of free zones is considered as a motive to encourage industrial exports. There is also a new catchment of free zones known as the free export processing zone; a special industrial zone outside the customs border whose products are called export orientation and currency. The philosophy of this term can be understood as an interpretation of the import strategy and export development strategy.

Advantages of Free Zones Enterprise Registration:

1. Tax exemption (20 years) for any economic activity
2. 100% foreign ownership
3. Entry of foreign nationals without a visa
4. Legal protection of foreign investors
5. No restrictions on the transfer of foreign currency from other Iranian free zones to other countries.
6. Broad banking and insurance services (both private and public)
7. Flexible banking and financial services
8. Performing currency transactions
9. Exemption from customs duties for imports of raw mateIRR for industrial workshops
10. Activities of Oil and Petrochemicals Exchange and International Stock Exchange
11. Easy registration of companies and institutes of industry, cultural institutions and intellectual property
12. Easy regulations for the entry of authorized goods
13. Simple formalities for re-export and transit of goods
14. Possibility of export of Kish manufactured goods to other mainland
15. The suitable rates for energy consumption
16. Full freedom of entry and exit of capital and profits from economic activities
17. Exporting products abroad without paying customs duties and ports
18. Simple working conditions and access to skilled labor

What is free zone?

Iran has eight free trade and industrial zones as follows:

1. Kish Free Zone
2. Qeshm Free Zone
3. Chabahar Free Zone
4. Arvand Free Zone
5. Free Zone of Anzali Port
6. Salafchegan Free Zone
7. Maku Free Zone
8. Aras Free Zone.

All of the free zones listed above enjoy 15 years of tax exemptions.

Some of the most important differences in the free zones are the followings:

There are 15 years free taxes exemptions in the free zones, and in special economic zones, tax deductions are in accordance with domestic regulations. Retail sales of goods are only possible for foreign nationals in special economic zones.

But in free zones, retail sales are possible for both foreign and domestic citizens. Visa regulations for foreign nationals of special areas are based on domestic standards, but in free zones visas are granted on entry border.

Labor regulations and social insurance Employment of foreigners in free zones are subject to certain regulations of the regions. Access to special economic zones is subject to domestic regulations.

Investment incentives for business and corporate registration

1. Registration of the company

1. All types of companies and non-commercial enterprises mentioned in the Commercial Code and other laws of Iran can be registered without the administrative bureaucracy of the region. Advantages of company registration in free zones comparing to other regions are as follows:
2. The ease of name and subject determination: Identifying the names of legal entities takes a few minutes. Further, much less strict is applied on the choice of subject matter in accordance with the rules of free and special zones and Article 5 of the Law on the management of free trade- Industrial zones, than that of the mainland.
3. Removal of official bureaucracy and ease of registration process: Applicants can register their companies with the guidance and advice of the Registry office of companies within one to one and a half days, which is a significant advantage comparing to the mainland and even other free zones and such duration of the registration process is competing with other free regions of the world and advanced countries.
4. Registration of the company with the shareholders of the foreign investor: According to Articles 2 and 5 of the Investment Regulation, the free trade-industrial zones do not have any restrictions on the registration of legal persons of nationality, in such a way that foreign investors can invest in economic activities in the region to their desired extent.
5. The existence of virtual offices for the use of investors: legal entities without a legal residence can use the offices for 3 months, or mailbox for 6 months.

 2. Order Registration

Along with the development of e-commerce and attraction of traders and investors of the Free Zone Organization in cooperation with the Ministry of Commerce and the Export Development Center of Iran on 27/3/89 a goods registration system is organized, which makes it easy for traders and investors to register orders. It has been welcomed by many businessmen after a short time.

3. Supporting specific cases

The Free Zone Organization, while firmly addressing counterfeit brands and preventing the promotion of non-representative legal or legal entities, has considered particular advantages to credible brand owners, whether domestic or foreign, including:

Commercial companies that represent the main and reputed foreign companies and provide their products with a guarantee, as represented by the Kish Island, will be exempted from the 50% tax exemption by providing proof of approval and confirmation of the business management of the organization (Article 18-6 of Instruction No. 31/434770)

In case of enjoying a reputable representative of well-known brand products with a valid standard, traders will receive a 10% discount on the proportion of the goods complied with the terms of this clause (Section B, Article 17-4, Customs Code 31/403730)

4. Customs Affairs

Special Discount Customs Tariff

- With the approval of the Cabinet of Ministers, a 15% reduction in customs tariffs is applied to encourage the recruitment and redevelopment of goods that are re-exported to the region and then into the country, by specifying the amount of import licenses (declarations) and determining the value of goods and fares (Value invoice). 15% of the total amount of the customs duty on entry of the mainland is received from the owner of the goods and then by presenting a positive certificate indicating the import of the relevant domestic goods (customs license) from 7% to 11.5% of 15% of the amount collected by the owner of the goods is reverted.

- All imported items and machinery are exempted from customs duty.

5. Transportation

According to the approval of the board of directors of the Free Zone Organization to attract and encourage the importation and exportation of goods, all commercial traders who bring their goods into the area through the Islamic Republic of Iran shipping will be given a 30% discount on shipping charges.

Supportive policies of the credit and insurance financial system of Kish Free Zone

1. Transfer of foreign exchange services to neighboring countries and many countries in the world:

Applicants of foreign exchange transactions can send money to another bank by paying the equivalent of (without limitation) currency or paying the currency of the transfer or equivalent in other currency (subject to the rules of money laundering prevention)
For money transferring, providing specifications such as the full name of the beneficiary, account number and beneficiary BIC contact number, swift code and IBAN (INTERNATIONAL BANK ACCOUNT NUMBER) of the international bank account number and the reason for the sending of the payment are required. The internal and external fees are as follows:

The domestic transferring of branches of same bank add up to a half thousandth and branches of other banks is one thousandth.

The fees for foreign travels are one and a half thousand. The minimum fee for domestic and foreign travel is US $ 3.

The maximum fee is also fifty one hundredth and hundred fifty dollars

It is necessary to note that the transfer of funds by the sender of his account is the network of a bank in the country without a fee. The currency transactions of the banking units of the free and commercial zones are not subject to foreign exchange regulations, and the cost of banking operations, the rates of buying and selling foreign currency, the profit of credit facilities received and deposits, as well as the yield of concessional facilities, are determined freely on a supply – demand market basis .

2. Buying and selling major currencies against the IRR without any restrictions:

Kish Island banks, as are located in Kish free zone, are allowed to purchase and sell valid and convertible currencies like the Euro and Dollar without any restrictions. It should be noted that the purchase of the currency follows the rules of money laundering as the mainland is in force and the sale of foreign currency, although contrary to the laws of the mainland need not provide documents such as passports and visas, but the currency demanded by the customer should be available at that time in the bank. Acquiring foreign currency transfers through the international banking system, including foreign exchange and other valid banking instruments, and the availability of currency accounts without any restrictions are allowed. The purchase fee is one thousandth and the sales fee is two thousandth. The conversion of the IRR currency from the place of transfer of foreign currency accounts and intermediary accounts of the bank is also without a fee. Payment of a foreign currency in form of a banknote from a customer’s account, in case he deposited the currency in form of a banknote, will free of charge, otherwise (in the case of funds deposited from the place of remittance found), the payment in form of the banknote will cost two thousandth. The rate of buying and selling currencies as well as the conversion to IRR in free zones is calculated based on the supply and demand of the free market.

3. Financing projects for domestic and foreign investments based on policies and procedures approved for KFZ:

Financing of projects is done in form of the financing and refinancing facility. Individuals and legal persons in the private sector as importers of equipment, machinery, production lines, technical and engineering services, and installation, training and technical knowledge, are eligible for the use of financial facilities.

The use period of the facility usually lasts from 1 to 3 years for building and running. Refinance facilities are also in form of refinance L/Cs with domestic USANSE is a short term credit establish between two banks or financial institutes which is opened under a contract.

The date of receipt of any under facility agreement L/C is based on the terms of the facility. The repayment period of refinance facility is done one year after the payment from the time of the transaction by the seller broker. In order to facilitate and speed up the implementation of related matters, obtaining medium term foreign exchange facilities for the implementation of industrial and development projects, project executives can coordinate with their bank and obtain the necessary permits and provide evidence and carry out relevant banking affairs. After the terms of the commercial contract were adjusted and its compliance with the current currency regulations and the possibility of opening the relevant credit documents by the operating bank (following the issuance of a credit agreement and the submission of a copy of the commercial contract by the executor of the bank operating agent) was approved by the bank, the bank takes action based on the stages of execution receiving external facilities. It is worth noting that the executors of the projects must make the necessary efforts at the time of the issuance of the approval by the relevant legal authority for the approval of the Economic Council, as well as submitting the tender documents (or leaving tender formalities) for government projects to the bank, and make efforts to provide the possible shortages of given trade contract.

4- Commercial and services facilities including opening, advising of the transaction of import / export documentary credits, guarantees, documentary drafts and discount, disbursement of export credit revenues at appropriate rates:

Bank of Kish Island, in addition to providing all related services for to CAD (cash against the document) and opening foreign and domestic L/Cs with foreign currency and IRR, provides for other business services in form of the advising bank, exchanging bank and covering bank. At the same time, by obtaining letters of credit from other banks (export credits) and transaction of documents, these banks discount deferred documents at appropriate rates. The amount of discounted documents will be redeemed to the account introduced by the applicant. Since the explanation of the details of these services and fees and related rates cannot be mentioned in the text, the customer can contact the bank for information on the fees and details of the steps involved. The relationship with foreign currency letters of the banks will be issued with a variety of foreign currency guarantees (imported guarantees) (formerly mutual assurances of installers) (warranties of good conduct) and (pre-payment guarantees).

5. Loan and currency facilities:

Currency Facility will be available to the eligible applicant, in order to create the necessary conditions for the expansion of the banking business (domestic import export), the title of cash capital (resources) whether natural or legal. This facility is for the purchase and export of goods abroad, the destination (export) or for the purpose of purchasing and importing goods from outside to the free industrial zones (import), the facility shall be determined on the basis of the purchase price of the goods and the cost of shipment/transportation fees, and amounts to a maximum of 90% of the pre-invoice amount. The term of the facility agreement is commensurate with a period of purchase and sale and a maximum of six months. It should be noted that the duration of the facility contract is not renewable, and only the exceptional cases of this deadline can be increased. The rate of benefit of the facility is determined by taking into account the market conditions of the region and the international case, depending on the currency type, the amount and duration of the facility. Refund of currency facilities can be made at the end of the period or monthly.

6. Opening currency accounts for individuals and legal entities. Important currencies with appropriate interest rates:

Banks of Kish Island open for a variety of currency accounts for the clients:

(A) Interest free Currency Current account:

It has a currency checkbook and no interest is earned on the deposit. The opening of the current currency account will be made after receipt of the confirmation of no returned checks and the relevant documents processed from the customer. The client can pay for the opening of the account, in IRR or the currency.

(B) Interest free Currency Savings Account (Savings Account Notebook):

Currency Savings Account for valid currencies are open by at least one hundred dollars, one hundred euros or equivalent to one hundred dollars for other currencies. Foreign currency savings are in the account of Interest Free and do not include any benefit, and according to the policy of the relevant bank, lotteries will be given and clients may receive valuable prizes.

It is worth noting that the conversion of the IRR currency from the account of savings account is without a fee.

(C) Term deposits (one month, three months, six months, nine months, one year)

 Term deposits accrue benefit which will be paid to the account provided by the customer in due time. The minimum amount required to open a term deposit is one thousand dollars, or one thousand euros, or equivalent to one thousand euros or one thousand dollars for other currencies. The rate of interest for such accounts shall be determined in accordance with the conditions of the supply and demand of the market and the deposit agreement with the relevant bank.

Insurance

Insurance companies, using all their facilities and access to home-based insurers, as well as internationally-owned employers and insurers, are able to fully support investment growth in the region and other similar areas, as well as provide tailor-made services for restoration. The memory and security of the respected investors. Among these capabilities, it is possible to present the risk coverage of investments as described in the appropriate insurance policies:

-Economic risks such as changes and fluctuations in exchange rates, lack of interest and transfer of capital

- Legal and political risks such as changes in ownership, trade, regional regulations and regulations, as well as the risks posed by war, and so on occur.

- Risks related to projects, including natural risks and other accidents, resulting in damage to property, technical and engineering departments, responsibilities, individuals, and project management, etc.

In addition to the above, with the technical facilities available, the company has the ability to design various insurance cover designs that are intended for reputable investors with any amount of the capital.

Kish International Airport:

Kish International Airport is the fourth airport in the country in terms of the number of flight operations

□ Taking advantage of two standard runways each 3360 meters long with a wide range of aircraft, a 3360-meter long parallel taxi way and 14 taxi-sub-carriers, 12-plane parked parking spaces.

□   5 equipped passenger terminals with an area of ​​13,000 square meters for simultaneous service of 10 domestic and international flights.

□ Possibility of takeoff and landing of airplane on the night, using the band lighting system

□ Admission of more than 2 million passengers and 20,000 flights in and in the year 89

□ Admission capacity of 4 million passengers and 30 inlets and outlets flights

□ Daily regular flight operations of more than 10 internal routes and 2 external routes

□ Regular activities of more than 13 Kish Aircraft Companies

□ Admission of 60 flights per day and 6 thousand domestic and foreign passengers on average and increasing to 100 daily flights during New year and summer festivals.

□ Integrated Aircraft handling and cargo handling services in accordance with standard safety standards

□ Implementation of a mechanized and integrated system for passengers, for the first time among airports in the country

□ CIP Services, including airport admission, services and airport transfers

□ Prepared to accept and send air freight (air mail) for domestic and foreign purposes

□ Facilitating the entry and exit of foreign nationals without the need for visas and with the lowest bureaucracy and airport formalities.

□ Suitable Exhibit space with an area of ​​21,000 square meters

□ Short distance access to Kish Commercial Port and the possibility of using combined transport

Kish Commercial Port, the largest commercial port of the islands of Iran

□ Benefitting from 12 public berths and 2 active berths and allowing for admission and flooding of vessels with a capacity of up to 6,000 tons and a maximum of 7,5m draft

□ Annual capacity of 3.5 million tons of storage and the same amount of goods loadings from 26 Public Warehouses and 52 Private Warehouses with a total area of ​​4.5 hectares and several public and private warehouses with a total area of ​​25 Hectares

□ Launching 450 meters of new container and general berth with a capacity of mooring 12000MT vessels up to the year 2011.

□ Establishment of a regular container shipping line from Bandar Abbas and Qeshm Island to Kish

□ Nominal capacity of 2.3 million tons of goods and 40,000 TEU containers and a capacity of 730 thousand passengers per year

□ Passenger terminal with an area of ​​3600 square meters for domestic and foreign passengers

□ Short term waiting time due to limited port traffic and high speed discharge and loading operations

□ Support for platforms and oil fields located in Khark, Siri, Lavan and South Pars region

□ Regular passenger trips on the Chark, Aftab and Lengeh ports in Kish

□ Possibility of regular sea trips to the ports of the United Arab Emirates and other Sheikhs

□ Entry and departure of goods from all ports inside the country and ports of Persian Gulf countries and even Oman Sea

□ Preparation for the assignment of land for the purpose of establishing the exchange of goods (Cargo Village) by the private sector

Economic Number - Obtaining an Economic Code - Economic Code

Introduction

Economic activities are performed in different ways in societies. The support of persons engaged in economic activities as well as the supervision of economic (commercial) activities requires the identification of active persons in this field. One of the benefits of obtaining a license for business activities and paying government fees in the form of taxes and preventing unhealthy competition and efforts is one of the benefits.

In addition to the registration process of companies and receipt of business cards, it is necessary to obtain an economic code number. Therefore, by using the relevant regulations in the relevant units of the Ministry of Economic Affairs and Finance, writing and providing an Economic Inventory Guide for those who need finding the relevant information was accomplished.

1. Persons obliged to obtain economic numbers: All legal persons who are engaged in the production, assembly, import and export, distribution of any kind of goods and services, as well as all individual persons who are engaged in the above affairs and who hold a business license or work from the relevant affiliate or have a business location and qualify for an economic number. It is worth noting that one of the above conditions is sufficient for individuals.

Generalities about the economic code:

2. Activity license: A work permit is a document according to which an individual's economic activity has been approved by one of the competent authorities, such as a pharmacy license from the Ministry of Health or a business card issued by the Ministry of Commerce or Poultry Activity Practice of Jihad or the certificate of industrial activity (workshop or factory) by the Ministry of Industry or business licenses issued by the trade unions or the introduction of the organization of the budget plan for contractors or other relevant authorities.
3. place of business activity: The place of business is referred to a business unit that is designated by the municipality or other legal authorities as the location of the business and the relevant activity is carried out with or without a license (e.g. contracting office or brokers or similar occupations, which are done without a license, and, pharmacy or some other occupations where the place of business is necessarily accompanied by a license. This place is provided on permanent or rental base to the applicants.

4. Bank statement: The amount of bank deposits in all cities will be deposited into the account No. 523 of Treasuries through one of the branches of the National Bank by applicant.
5. Economic Number Prints: This refers to a sheet issued by the computer before the issuance of the card, which includes all information of the applicant, including identity and tax, is used as receipt which is presented by applicant and taken by post officers and archived in the applicant file.
6. Economic card for individuals: The colors and the shape of the new card will be different from the previous one, and a 2 x 3 applicant photo, family name, economic number, business address, and applicant's tax number will be included.
7. Economic card for legal entities: There are also changes in the legal persons’ cards. The difference is that there is no picture and the type of legal person was also inserted. In the event of coordination with the car service, the card will be issued to legal entities by laser.

 

1. Required documents for Individual Persons:

The documents include the form of information, identity card, (original and copy) bank note, business license or business location document (official and non-official), and three pieces of photo 2 * 3 which, if you have an economic number, are inscribed behind the photo, otherwise, ID items is inserted behind it, as well as the photocopy of an economic card or a computer key (for economic number holders) is delivered to the tax section of the region.

2. Required documents for legal entities:

These are the form of relevant identity information, advertisements in the official newspaper and banknotes, and photocopy of an economic card or a computerized podcast (for economic number holders). Legal entities do not need photographs.

3. Tax payer applicant:

Taxpayer applicant by checking the conditions set forth in the notice published in the well-known newspapers and the executive order of Article 85 of the Law on the collection of certain state revenue and consumption in certain cases, if the conditions are met, separates the form the relevant identity information from the newspaper or takes a copy from the sample form, and after completing the part related to himself and attaching a piece of photo to the identity form, along with other marks of delivery of the relevant tax field, receives the receipts. After examining the field, the economic number will not be allocated to documents that are incomplete, and the documents and bank records will not be refunded. In the case of legal persons, it is also the same as the individual persons, with the difference that, in the case of changes, the form of information identity changes must also be completed by the party. The legal entity, if he has a statutory account and is approved by affiliated affairs, can apply for an economic number by referring to the tax fields. 

Tasks of Tax fields:

The tax field is first required to match the contents of the item in the form of the identity information with the documents, in particular the copy of the birth certificate, with its original, and, in the case of complete compliance and absence of forms, the photocopy of the legal document is sealed and after completing the relevant information items confirms the accuracy of its contents. Then, submits it to the audit authority for approval, and the audit, after checking and being assured, confirms the correctness of the contents of the document and signs and seals the specified section.

After confirmation of the head of the tax office, he will register the form of identity information in the indicator book and finally submit to the applicant after signing and sealing as a receipt. If the place of activity is set in form of ordinary lease, the lease must be separately audited by the head of the audit, entitled "The location indicated in the lease is a commercial place and the place of business activity and corresponds to the relevant address in the relevant tax file". Then, it shall be signed and signed. The tax field should be classified by the compilers after collecting the documents in two separate sections based on documents that have economic numbers and documents that do not have economic number (in relation to those who have never had economic numbers), and after listing, submit them to the Information and Tax Administration, or to Supervision and monitoring, on case basis.

Duties of Information Services and Tax Services (Supervision and Monitoring):

After receiving the documents from the field, they should be classified and together with the list sent to Tehran of Information and Taxation Services Office by means of an interface or post. Classification of documents are proceeded based on tax domains, separation of documents of the applicants who has an economic number and whose without the economic numbers by the mentioned offices and is sent along with a separate list. Given the importance of the responsibility of the interlocutors, the choice of these people is of particular importance.

Functions of Asset inlands:

1. The tax inlands are required to proliferate the identity and legal forms of the individual and legal persons to the required number and to complete it in the tax field. It should be noted that only those items that do not have an economic number receive the relevant identity form from the tax field.
2. The tax inlands are obliged to proliferate the last executive instruction under Article 85 of the Law of collecting some government revenues and use it in certain cases under number 21567, dated 28/6/75, and install it on the board to be seen by the applicants.

The said guideline is as follows:

The executive Order Article 85 of the Law on the collection of part of revenues of the government and its consumption in specific terms, adopted on 28/12/1373 by the Islamic consultative assembly

(Economic Number Regulation)

By virtue of Article 85 of the Law on the collection of part of revenues of the government and its consumption in specific terms, the following shall be notified to the concerned persons:

1. Persons required obtaining an Economic Number:
2. All legal entities engaged in manufacturing, assembling, importing and exporting, distributing any kind of goods and services.
3. All individual persons who are engaged in manufacturing, assembling, importing and exporting, distributing any kind of goods and services, and having a business license from the relevant authorities or having business premises.
4. All persons who are subject to Articles 1, 2 and 4 of Article 2 of the Direct Tax Code as adopted in Esfand 1366.

Note 1 - Branches or subsidiaries of the persons mentioned in clauses (A.3) and (A.1) of this instruction in Tehran or other cities are obliged to use the economic number allocated to the ministry, institutions, institutions, etc. Centralized according to the case.

Note 2. The purpose of the business license is from the relevant authorities, all the licenses issued for the business, the Chamber of Industries, Mines, and Merchants, Ministries or other competent authorities.

B-Who is not obliged to obtain an economic number?

1. The mosques and religious places.
2. Individuals persons engaged in artistic activities, such as filmmaking and related activities, design, calligraphy, painting, writing, translation of books, graphics and editing.
3. Individuals Persons who are engaged in research activities or technical consultancy, including faculty members of universities and higher education institutions.
4. Trade unions (according to Articles 4 and 23 of the trade union law, unions are not allowed to engage in economic activities).
5. The individual persons who engage in the operation of the contractor and do not have the conditions specified in paragraph (a) to (2) of this instruction, provided that the value of the contract or the amount of the total amount of their contracts in one year is not more than fifty million IRR.

C-Duties of related persons:

1. All legal persons who are obliged to get the economic number in this order are required to submit the copy of the announcement in the official newspaper and the bank bill for the deposit of 5000 IRR to the current account related to the relevant tax field and to obtain the number Economic action.
2. All legal persons who are required to obtain an economic number in this remittance are obliged, by presenting the copy of the home page of the birth certificate, the business license copy of the relevant authorities, or the document of the rental document or the document of ownership, as the case may be, as well as the bank bill for Deposit of 5000 IRR to the current account related to the relevant tax field and apply to obtaining an economic number.
3. Note 1- The license or business of the individual persons issued by the relevant authorities should be issued or renewed or renewed this year and otherwise the credibility of the license or business from the relevant issuing authorities in the current year should be Approvals should be made and in cases where the individual persons are not licensed for business but have a place of business, the relevant tax authority should confirm the employment of the applicant.
4. All legal entities subject to clause (A.1) of this Order and all individual persons subject to paragraph (a) of this Guideline are required to supply and sell goods or services from the sales invoice in the year of 1371 and the notice Subsequent publications have been published by the Ministry of Economic Affairs and Finance in the current issue of the current issue of the country, and on the invoices, the economic number of the seller and the economic number of the buyer will be included.
5. Any person referred to in paragraph (C-3) of this instruction is permitted. In addition to the contents stated in the billing form, in accordance with the type of activity and needs, any information in the form of a column, row or item on the invoice Insert the size and choose the size of the dimensions (length and width) and the number of copies of the invoice with the seller. The group of taxpayers who received the license of item 3 of article 95 of the direct tax code approved in March 2007 from the Ministry of Economic Affairs and Finance on the use of computer systems may include the form of their sales invoice, the number of machine guns in accordance with the example of the ministry According to the provisions of Article 169 of the aforementioned law, the aforementioned laws and regulations provide for the use of printer machines and, otherwise, they are required to have a printed bills in accordance with the relevant notices.
6. In cases where the distribution of goods or the provision of retail services is done in such a way that the issue of the invoice is virtually impossible (such as how the food is sold in the stores), the issuance of an invoice with the economic number is not required, but in cases where the invoice is issued, inserting the economic number of the seller in the aforementioned bill is mandatory.
7. In the case of a contract and other types of transactions, the individual persons subject to clause (A.2) and legal entities subject to clauses (A.1) and (A.3) of this instruction and other legal entities, whether commercial or nonprofit As the case may be, to enter their economic numbers and the parties to the transaction in the contracts and payment documents, except in the cases referred to in paragraph (B-5) of this instruction regarding the contracting of individual persons in accordance with paragraph (d-5) of this instruction .
8. Selling any kind of goods through bids, provided that the amount of the auction is more than 20 million IRR, is subject to the provisions of this guideline.
9. If the sale of goods or services to final consumer is not mandatory, the economic number of the buyer is not required.
10. Vendors are required to view the principal of the economic form of the trading party and comply with the specification for accuracy.
11. Anyone who is in charge of this directive is required to declare the address of the change of business or any other changes, as the case may be, within a maximum period of one month, to the relevant tax field.

D- Third parties duties:

1. The Iranian customs office is obliged to obtain the economic number of persons, including legal and legal ones, when providing services. Regarding the establishment of customs declarations, the insertion of the economic numbers of tradesmen and customs officers on the letters of this notice is mandatory (the subject of the draft directive 20419 dated 24/6/72), and all ministries, institutions, companies and government agencies are required Observance of the provisions of the Circular No. 29333 dated 24/8/72 of the Ministry of Economic Affairs and Finance, which was issued pursuant to Decree No. 14156 dated 25/2/72.
2. Banks are required to insert the economic number of the transaction in any type of service contract and purchase goods from individuals, whether individual or legal.
3. The individual and legal persons referred to in paragraph (c) of this Guideline are required to summarize current information about their transactions, including sales transactions and purchase transactions, as set out in the notice dated 10/30/72 and the next notices of the Ministry of Affairs Economic and financial assets are advertised, prepared and adjusted in Tehran for the Directorate General for Information and Taxation Services and in cities in the relevant economic and financial affairs departments.

 Note 1: The individual and legal persons referred to in paragraph (c-3) of this Guideline shall, in the cases referred to in paragraph (c) of this Guideline, establish a list of final consumers and, in accordance with the provisions of paragraph (d) of this guideline delivered.

Note 2. If the individual and legal persons in paragraph (c-3)  of this instruction set out the summary of current information regarding their transactions on magnetic tapes or computerized discs, it is obligatory to order the instruction issued in this connection from the General Directorate Receive information and tax services and fully comply with its provisions.

 Note 3: Based on the agreement with the post office of the Islamic Republic of Iran, the relevant persons can use their postal services to list the summary of their transactions, if they are complete, or the magnetic material containing their current trading summary information by mail to the related centers.

4. Consultations and / or financial managers are required to disclose information about their purchases, as well as information on service contracts and contractors, in terms of payment of prepayment amounts, sums of money, definite payments and payments from the place of payment. Also mentioning the gross amount paid before deducting any amount of tax or premium or other amount in a legible manner on the basis of relevant information and preparation of each month, at least within a month in Tehran at the General Directorate of Information and Tax Services and in Cities send to the departments of economic and financial affairs.
5. The contractors referred to in paragraph (b) of this paragraph shall not be obliged to provide an economic number on the condition that they submit and submit a picture of the contract between the taxpayer and the taxpayer, subject to Article 104 of the Direct Tax Code, adopted by the employer in Esfand 1366.
6. If it is required to refrain from printing the invoice or invoice for the sale of goods or services without the economic number and exact address of the applicant on the invoice (subject to the Ministry of Culture and Islamic Guidance Circular No. 8110 / 134, dated12 / 6/74).

E- Offenses related to Economic Number:

1. The use of legal and real persons by the economic number of others under any heading is unlawful and contrary to the rules and the tax shall be paid up by the owner of economic number.
2. Any forgery, fraud, abuse and collusion in relation to the economic code is contrary to law and will be handled by the offenders in accordance with legal regulations.
3. Receiving any additional sums plus the value of the goods in order to enter the economic number of the seller or not to enter the economic number of the buyer is contrary to the rules and the rules will treated against the offenders.
4. Failure to comply with the provisions of this instruction from the relevant persons, such as the failure to provide him / her, or the inclusion of the economic numbers of the parties to the transaction on the sale of goods or services, is in contravention of the provisions and causes treatment against the offenders.

Note 1 - If the seller refuses to provide his economic number during the transaction and offer to submit the economic code to receive more than the actual sum, the purchase of the goods without the seller's economic number is permitted provided that the transaction report and the seller's refusal to provide the number is given to General Directorate of Information and Tax Services in writing and documentary, within a maximum of one month.

F- Penalties for Offenses of Economic Number:

In the event of non-compliance with the provisions of this instruction by the relevant persons, the Ministry of Economic Affairs and Finance and related organizations shall reject to provide any facilities to those persons. Failure to issue an invoice or not to enter the economic number, as well as non-compliance with this guidance, will, in addition to the invalidity of the relevant tax offices and the offenses set forth in article 8 of the Government Toll Law, be subject to the following offenses:

1. First time, a fine equal to twice the amount of the transaction.
2. Second time, shut down the place of purchase or stop the activity by case for 3 months.
3. Third time, imprisonment, from three months to six months for offenders and for legal persons will be executed for the director or responsible directors.

Mr. Mohammad Khan, Minister of Economic Affairs and Finance

(A) What the legal entities shall provide to obtain an economic code?

1. Request of company in writing.
2. The official newspaper in which the company's announcement is included.
3. The payment bill for 10000 IRR to account No: 523 of the treasury through any branch of the National Bank of Iran for issuing the economic number.
4. A copy of the ID, from all pages.
5. The set out form of the identity information of the legal entities (as per the specimen)
6. Copy of previous business card or digital bill.

After the card has been prepared and the form has been completed, the legal entities established by the director or the lawyer and submitted to the company's seal and submitted to the relevant tax field, and the tax audit after the control of the documents is delivered to the office of the registration and the receipt is presented to the taxpayer. And then, the documents are sent to the Department of Surveillance and after the documents are reviewed by the General Directorate of Information and Taxation Services, the Economic Issue Office, and the above-mentioned office issues the Economic code card and delivers to the taxpayer. If, after issuance of the economic number card, any changes happen in identity information of the legal entities, the relevant form must be completed and delivered to the relevant field or the card issuing office with required documents.

(B) What the individuals shall provide for obtaining the economic code?

1. The written request of the person.
2. Copy of license.
3. A copy of the ID, from all pages.
4. The payment bill for 10000 IRR to account No: 523 of the treasury through any branch of the National Bank of Iran
5. Completion of the form of the person's identity information (as per specimen)
6. Photo 2 * 3 of applicant (three pieces)
7. Copy of previous card or digital bill (if a card is previously delivered).

After completing the above-mentioned documents and completing the form of the identity information of the individual persons and signing them, they will be transferred to the relevant tax field and the tax auditor after the control of the documents and registration in the office of the department will issue the receipt of the documents and present to taxpayer. After the documents are received, they will be delivered to the Directorate for the Supervision and monitoring, and the said department, after checking, will send them to the General Directorate of Information and Taxation Services and the Economic Number Office, and the said office will, after reviewing them, issues the Economic Number card. . If, after issuance of the economic number card, any changes happen in identity information of the individuals, the relevant form must be completed and delivered to the relevant field or the card issuing office in order to take action to record the changes and modify the card.

As per Article 1 of the bill on amendment, part of the Commercial Code of Esfand 19, 1347, which states: "A joint stock company is a company whose assets are divided into shares and the liability of the shareholders is limited to their nominal value.", the capital of the Joint Stock Company is equally divided by the nominal value of the shares and even in the case of decomposition, those shares should be even.

The decomposition is such that each share may be split into several specified pieces called (partial shares). Each piece has a fixed value but does not have the rights of a share, and their total composes a share.

Types of Joint Stock Companies:

Article 4 of the Bill on Amendments to the Trade Law states that there are two types of joint stock:

The first type is public joint stock whose founders provide part of the capital of the registered company through the sale of shares to the people.

The second type is private joint stock companies, all of whose capital is exclusively funded by the founders at the time of establishment.

The formation stage of the General Assembly Founder:

According to Article 16 (A-1^st of commercial code), the founders must perform the following before the general assembly is formed and registered:

Compliance with the obligations of the applicants within one month after the expiry of the deadline, including the fact that the deadline has been extended or not to ensure that all the company's capital has been properly underwritten;

Considering that at least 35% of the total capital of the company was paid in cash and registered.

Determine and declare the number of shares of each underwriter.

Obtaining the expert's admittance on the evaluation of non-cash contributions that belong only to the founders;

According to Article 77 (A-1^st of commercial code), non-cash owners shall not have the right to vote at the time of the founding assembly of the abovementioned contributions and, on the other hand, the non-cash capital that is the subject of negotiation and voting, in terms of quorum, are not considered the company's capital.

The invitation of the General Assembly of the Founder, which such an invitation is through the large newspapers, has already been set forth in accordance with paragraph 14 of Article 9 of the draft law. The invitation of the General Assembly of the Founder to comply with the provisions of Articles 97 and 98 (A-1^st of commercial code) is mandatory. As per article 98 (A-1^st of commercial code) the interval between publication of the invitation of the general assembly and the registration date is at least ten days and a maximum of forty days.

Functions of the General Assembly:

The general assembly of the founders who have registered the company must initially select the board of directors, including the chairman of the assembly and the supervisory and secretary of the meeting, at the outset of the implementation of Article 101 (art. 101), and, in accordance with Article 74, consider the report of the founders and, if necessary, approve it. Then, after accepting all the shares of the company and paying the necessary amount of approval of the company's articles of association and its necessity to amend it, the assembly will select and register the first managers, inspector or inspectors of the company and set up a large newspaper for the company's next adverts.

In accordance with Article 75, the required quorum for the formation of the general assembly of the founder is:

The first invitation must be open to a number of applicants who have pledged at least half of the company's capital, and the second invitation, if not initiated at the first invitation, is called for the general meeting to be called for a second time, in which case at least one third of the company's shareholders are required. The third call was not required by the majority of shareholders (the owners of a third of the capital of the company) of the General Assembly. The founders should declare the lack of formation of the company.

Each of the aforementioned assemblies must make all decisions to a maximum of two thirds of the votes cast. In note of the above article in the general assembly of the founder is entitled to a vote for each share, and thus the number of votes is equal to the number of shares. Since the managers and inspectors of the company have accepted their position in writing, this company's history is considered to be the most recent (last part of article 17).

The distinguishing feature of these two companies is as follows:

To register a public joint stock company for the purpose of financing the fundraising activity, the company does not have the right to publicly register the company.

There is a possibility to issue bonds to a public company that is registered, but the private corporation does not have this right.

The transfer of shares in public corporations is not conditional on the shareholders' consent. However, the transfer company's private joint stock company is subject to the agreement of the directors or general assemblies of the company.

The shares of the public limited company are available at the stock market, but the private corporation does not have this permission.

The minimum capital for the establishment of a public company is 5/000/000 IRR, while the minimum capital for the establishment of a joint-stock company is 1 000 000 IRR.

The directors and shareholders of the joint-stock company are at least 5 people and the joint-stock company is at least 3 persons (Articles 3 and 107).

Establishment of a private joint stock company:

Note: A private joint stock company is a company whose entire capital is established exclusively by the founders at that time.

First - formalities of the formation of a specific joint stock company

Important points for the formation of a specific joint stock company:

The Company's Articles of Association, which must be signed by all stocks and a banking certificate, indicate a cash payment of not less than 35% of the total.

The payment and calendar of non-cash capital and the division of that declaration and mentioning the preferred shares of the existence of such a stock;

Selection of the first manager and inspector or inspectors of the company, which must be the subject of a meeting and the signing of all shareholders;

Acceptance of management and inspection in accordance with the last part of Article 17;

Mentioning the name of the newspaper to insert company ads.

Second, the characteristics of the joint-stock company

The company's capital should not be less than 1/000/000 IRR and its partners should not be less than 3 persons.

The shares of the company are not tradable on the stock market and the transfer of the transfer of the company's contingent shares is the consent of the directors or general assemblies of shareholders.

Furthermore, the company will not be able to issue bonds.