Investing in Iran? You'd Better Like Tea, Cake and Bureaucracy
When Mahdi Yazdizadeh tried to import and sell a type of high-tech robot that stocks warehouses, he found himself running from one Tehran office to the next, having to answer a stream of questions to get the needed approvals. “The customs department doesn’t have advance guidelines so they just pass you from person X to person Y because they haven’t dealt with such things before,” said Yazdizadeh, director of corporate business development at Shekofa Manesh Co., a leading retail group and franchisee in His words are a warning for companies ...
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