In the event that the lease contract is drawn up at a notary public and the tenancy term exceeds five years, consent of the Property Registry should be acquired. In Iran, goodwill is usually transacted with the shop, factory, office, and other types of business premises. The foreigners right to goodwill is a recognized fact and they are allowed to sell and buy these benefits that accrue to a business person from being well-known to customers. No, there are not. Foreigners may buy and sell cars, rugs, television sets, telephone lines, and other items of movable property in the same manner that Iranian nationals do.
International law recognizes that every state has a legitimate right to expropriation.
However, it should be accompanied with adequate compensation, and Iranian laws are based on this rule. For instance, in case of foreign investment, the Iranian government guarantees fair compensation where the promulgation of a special legislation deprives the foreign investor from ownership. The government of the Islamic Republic of Iran extends its protection to all foreign capital imported into the country, according to the Law Concerning Attraction and Protection of Foreign Investment, and the profits earned therefrom. Legal entitlements, exemptions and facilities for capital investment provided under different laws, including laws pertaining to taxation, will also be applicable to foreign investors. For example, like Iranian nationals wishing to engage in economic activities in the Free Trade-Industrial Zones, foreign investors enjoy the same 15 year tax holiday and are equally entitled to the flexible labor and social security regulations in these zones.