Unlike mainland Iran, foreign nationals are allowed substantial participation in Qeshm Free Zone commercial activity. Thus, the free zone is the ideal platform from which to access the lucrative Iranian oil and gas market.

Qeshm offers a secure, stable environment, along with a host of tax concessions and tax holidays, unimpeded circulation, convertibility, and repatriation of foreign currency and capital. The government is prohibited by law from confiscating property and there is an independent forum to adjudicate disputes.

Qeshm's strategic location, its excellent free zone commercial and legal environment, its well developed infrastructure, and its advantageous access to the lucrative Iranian oil and gas market, provide an unrivaled platform from which to conduct regional business.

Qeshm specific incentives include:

• 15 year tax-free holiday
• 100% foreign ownership possibility
• exemption from customs and duty
• No restriction on repatriation of capital and profit
• Freedom of foreign exchange movement
• Settlement of dispute in mutually agreed upon court
• Streamlined issuance of work permits for foreigners
• Offshore banking
• No entry visa required

Qeshm provides the ideal location for the development of gas based value add businesses at it enjoys several untapped gas reserves as well several pipelines delivering gas to the mainland. Further development of NIOC projects will provide Qeshm with an enormous amount of gas, transiting through the island, on its way to the onshore gas grid. Furthermore, development of jetties and its strategic location on the outskirts of the Persian Gulf will make Qeshm an ideal location for petrochemical product trade. Off takers wishing to minimize their exposure to the Persian Gulf waterways will look at Qeshm as an ideal loading location for their fleets given the synergies created by the development of the various modules noted above. Moreover, with the development of oil terminals and tank farms, as proposed by the NIOC, Qeshm Island is poised to become a central hub in Iran’s oil and gas industry.

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