VIP Class Limousines delegation

VIP Class Limousines delegation dealing with foreign investment opportunities

In a meeting held in Center for Investment Services of Isfahan Province on 3 May 2017 and including a delegation consist of two managers of VIP Class Limousines Mr. Akbar Akbary (General Director) and Mr. Angel Navarro (International Sales Manager), Mr. Reza Panahirad (President of Spanish – Iranian Association of business and Investment) and officials from Isfahan local government, department of economic affairs and finance, department of industries, mines and commerce, department of cultural heritage, handicrafts and tourism, department of roads and urban development, Isfahan Customs and Municipality of Isfahan, the mentioned parties talked about the different potential foreign investment opportunities for the Spanish companies to invest in the different sections of the economy of Isfahan province and mainly including tourism, transportation (luxury transportation services) and high value added, environment friendly and high tech industries.

Also, the Foreign investment promotion and protection act (FIPPA) and the regulation governing foreign investment in Iran's capital market including main points of FIPPA, the incentives (tax and customs exemptions), guaranties, currency transfer and implementing regulation of foreign investment in Iran was presented to  the Spanish delegation.

At the end of the meeting it was decided that with the cooperation proposal from the Spanish company, all necessary follow-up will be done for the implementation of bilateral cooperation.