Tax exemption for foreign investors in Qeshm island

Qeshm, Nov 14, IRNA – Manager in charge of attracting foreign assets and marketing at Qeshm Free Trade Zone Hadi Naeimian said on Tuesday that foreign investors will be exempted by 20 percent from paying taxes while benefiting other supportive privileges.

In a meeting with six foreign companies, he said the Island is to offer new facilities to foreign investors such as delivering passport at Qeshm airport, ceding rental lands for a long period of time and 20 percent tax exemption.

Foreign investors will be allowed to fully (100 percent) share in economic projects in the island, he said.

Grounds are prepared for foreign investors in various sectors such as agriculture, sea animal, oil and gas, he said.

Volume of exports from Qesh Island hit $75 million this year, he said.

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