New Cheque Law in Iran In this article, we are going to discuss the new cheque law in Iran. If your business involves handling cheques, you may be aware of the recent developments regarding the new cheque law in Iran. This may have raised several questions in your mind, such as: What does the new…
Business-Related Loans by the Bank of Industry & Mine in Iranian Law In this article, we delve into business-related loans, and various financial resources available in Iran to support businesses. Specifically, we explore the loan options provided by the Bank of Industry & Mine for industrial, mining, and tourism ventures, as well as loans tailored…
How to Transfer Money from Iran to the USA and Europe In this article, we aim to provide a thorough analysis of the regulations pertaining to transfer money from Iran to the United States and Europe. Due to the sanctions, direct money transfers through its banking system are not possible. Instead, individuals typically rely on…
Criminal Offense of Dishonored Bank Cheque in Iran Criminal offense of dishonored bank Cheque in Iran represents common category of bad Cheque, hot Cheque, and bouncing Cheque. You are probably familiar with these terms as they refer to a Cheque that could not be cleared due to insufficient funds in the drawer bank account or…
A Practical Overview of Bank Cheque Rules and Procedures in Iranian Law In this article, we give you a practical overview of bank Cheque rules and procedures in Iranian law. Recently, it has been a series of legal changes to make the process more secure. The new law introduced a new system for registering, identifying,…
Letter of Credit in Iranian Financial Law Letter of Credit in Iranian financial law is more about processes and procedures rather than specific rules. These processes are by no means different from the international common framework. As you know, a letter of credit is a negotiable instrument, also called documentary credit. This payment tool is…
Issuance of Bank Guarantees in Iran for Commercial Purposes Issuance of bank guarantees in Iran for commercial purposes is one of the most popular topics, especially in the context of exportation and importation facilities. In this article we are bound to show well-known sorts of bank guarantees in Iran and the process through which one…
Sixteen criteria for opening a bank account for foreigners in Iran With the recent enactment of the Money and Credit Council (MCC), sixteen conditions were ratified by the council members for opening a deposit Rial bank account for non-resident foreign real persons, non-resident foreign legal persons, and foreign real persons residing in Iran. The…
how to open a bank account in Iran for foreigners ? Different Bank Accounts on the Iranian Banking System and the Guideline of Opening a bank account in Iran for foreigners The present article has been prepared by Iran Best Lawyer in order to provide the information on the different bank accounts on the Iranian…