Minister of Economy Announces Comprehensive Support Package for Iranians in the UAE

Iran's Minister of Economic Affairs and Finance, Dr. Seyed Ali Madanizadeh, emphasizing that Iran is the eternal homeland of all Iranians, has issued an official statement in response to recent restrictions imposed on Iranian nationals residing in the United Arab Emirates. In the statement, he announced the preparation and implementation of a comprehensive support package designed to safeguard their capital and protect their interests.

 According to SHADA, the minister's message highlights the recent hostile measures taken by the UAE government—steps that have created challenges for Iranians regarding residency and economic activity in the country. The statement stresses that the Ministry of Economic Affairs and Finance will allow capital transferred from nations adopting such adversarial stances to benefit from "special tax and customs incentives." The package also includes the provision of war insurance as part of its support measures.

In his message, Minister Madanizadeh underscored the government's responsibility to protect Iranian citizens abroad, stating that the Islamic Republic of Iran, fully aware of the current situation, will deploy all available resources to safeguard the assets of Iranians in the UAE and facilitate their return and transfer to the country. "Iran is the eternal home of all Iranians," he affirmed, adding that "the necessary infrastructure for their presence and economic activity within the country will be provided."

According to the report, a key pillar of this support package is the utilization of legal frameworks such as the Foreign Investment Promotion and Protection Act (FIPPA). Under this law, capital transferred to Iran enjoys full legal protection, with guarantees covering the security of principal investments, profits, and the ability to repatriate proceeds.

The minister's message also refers to "special facilities" extended to investors under the current exceptional circumstances. These include the ability to enter and register capital without a defined project in the initial stages, expedited licensing for investments, and the provision of grace periods for completing investment projects.

In the area of financial instruments, investors will have access to opportunities such as investing in foreign currency debt securities with fixed interest rates, as well as leveraging the capacities of the country’s capital market and stock exchange. To support these efforts, legal, financial, and banking advisory services have been incorporated into the program to ensure the smooth transfer and settlement of capital with greater ease.

Additionally, the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) has been designated as the focal point for direct communication with Iranians residing abroad. The organization is tasked with centrally addressing investor inquiries and issues while coordinating with other relevant institutions. A dedicated hotline (00982133967075) has also been established to provide rapid responses to compatriots.

In conclusion, the Ministry of Economic Affairs and Finance emphasized that, through cooperation with all executive bodies, it will work to design and implement new mechanisms to further support Iranians abroad. A specialized team of experts in legal, financial, and banking fields is fully prepared to deliver the necessary services to investors. The report adds that through this approach, the government aims to mitigate the impact of restrictions imposed on Iranians overseas while simultaneously paving the way to attract their capital and strengthen the national economy.

News ID 738632