Government made the ground ready for foreign banks and exchange centers in free zones

According to the president advisor and the secretary of supreme council of Iran’s free trade, industrial & special economic zones, Morteza Baank said, “free zones try to provide free economy and constant revenue away from the paperwork and complicated official situation.”

He added,” A series of laws have been passed recently to facilitate trade and industrial actions.”

The facilitators that Mr. Baank mentioned include the No-visa zone so that investors and foreigners can commute easier than before.

In addition, some negotiations are ongoing to omit or reduce initial capital for establishing banks and exchange centers.

The importance of free zones in today’s time undeniably changes the economic situation of a country and governments can’s simply turn a blind on them.

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