Australian companies are advised to spend time investigating the market, obtain professional advice where appropriate and thoroughly investigate the issues in entering the market and before establishing business relationships.
Australian firms wishing to operate in this market should commit to the highest level of corporate behaviour and familiarise themselves with Australia's laws and penalties pertaining to bribery of foreign officials.
Bribery of foreign public officials is a crime. Australian individuals and companies can be prosecuted in Australia for bribing foreign officials when overseas. Further information on the regulations governing bribery of foreign public officials is available.
For further information on frauds, scams, personal and asset security, intellectual property protection and other business risks please read more about legal issues.
Intellectual property protection
Iranian Law protects both copyright and industrial property law. Iran is a signatory of the Paris Convention which provides protection for patents, utility models, industrial designs, trademarks, service marks and trade names. Apart from the specific provisions of this convention, domestic Iranian laws and regulations provide specific legal rules and protections for intellectual property.
Under Iranian law, registration is important in order to protect intellectual property. Registration of a trademark, patent or design must include the following information:
- date (day, month and year) of registration in words
- name, business, address and nationality of the owner of the trademark and of their attorney (if an attorney is used to lodge the application)
- name and description of the product or category of product for which registration is desired
- brief description of trademark, patent or design, including specific reference to the parts the owner wishes to reserve for their exclusive use
- registration fee.
The protection granted by registration is valid for 10 years and can be renewed several times indefinitely.
Iranian Law provides access to dispute resolution and arbitration in cases of dispute between foreign investors and companies and the Iranian Government. Businesses are recommended to first settle disputes amicably through negotiation, and should no settlement be reached the matter can be referred to the Iranian courts. Disputes can also submit their claims to arbitration proceedings.
The Iranian Arbitration Act which is modelled on the UNCITRAL Model Laws on International Commercial Arbitration provides the foundation for arbitration in Iran. There are two major arbitral institutions in Iran: Tehran Regional Arbitration Centre which deals with arbitration proceedings with international dimensions and the Arbitration Centre of the Tehran Commercial Chamber, which hears claims submitted by domestic and international companies.