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Company Registration

2024-06-18

Company Registration

Company registration is the starting point of a business. Added credibility, access to government benefits and bank loans, lasting brand-building, the ability to participate in tenders, and other advantages are among the benefits of registering a company. Companies are usually registered for production, commercial, or service activities. Some non-commercial activities may also be registered under the title of an "institute" (mo'assesseh).

Company registration is one of the first steps on the path to launching and starting a commercial or service activity. A company-registration lawyer can be a valuable partner on this path. If you hand your affairs over to a company-registration lawyer from the very beginning, they will accompany you step by step until the work is complete.

Definition of a Limited Liability Company (LLC)

Requirements:

  • At least two persons as board members.

  • Minimum initial capital of 100,000 tomans, which does not need to be deposited; an acknowledgment by the managing director of having received the stated capital amount is sufficient. No inspector (bazras) is required.

  • The term of office of the members is unlimited.

Required documents:

  • Certified copies of the national ID card and birth certificate of the members.

  • A company name consisting of three words.

  • The address of the head office, with postal code.

  • The residential address, with postal code.

  • A certificate of no criminal record.

  • Processing time: 15 business days.

Definition of a Private Joint-Stock Company (Sherkat-e Sahami-e Khass)

Requirements:

  • At least three persons as board members.

  • Minimum initial capital of 100,000 tomans, of which 35 percent must be deposited.

  • Two persons as principal and alternate inspectors (bazras).

  • The term of office of board members is limited to two years, and of inspectors to one year.

  • Selecting a widely circulated newspaper is mandatory.

Required documents:

  • Certified copies of the national ID card and birth certificate of the members and inspectors.

  • A company name consisting of three words.

Company Registration
  • The address of the head office, with postal code.

  • The residential address, with postal code.

  • A certificate of no criminal record.

  • Processing time: 15 business days.

Some Differences Between a Private Joint-Stock Company and a Limited Liability Company

  1. The minimum number of members in an LLC is two, while in a joint-stock company it is three.

  2. In an LLC, an inspector is optional, while in a joint-stock company having two inspectors is mandatory.

  3. The term of office of members in an LLC is unlimited, while in a private joint-stock company it is limited to two years.

If you manufacture a product, you are required to register its trade name and trademark, and if you operate a store offering products or services, you should register your store name to prevent misuse or potential complaints. The only way to protect the added value of your brand and trademark is its lawful registration. We have brought together top trademark consultants so that we can offer you the best solutions and recommendations.

Requirements:

  • Having a trade name.

  • A license evidencing the activity, where required.

  • Absence of any similarity to existing marks.

Required documents:

  • Applicant's national ID card and birth certificate.

  • License.

  • Logo.

  • Processing time: 3 months.

The Legal Text of a Power of Attorney for Trademark Registration and Its Transfer

Subject of the power of attorney:

To appear before the Industrial Property Office, the Trademark Registration Department, for the purpose of registering trademarks and trade names (brand, mark, and design) and requesting registration of any mark or trade name in the principal's name, under any title and in any number, and submitting trademark-registration applications and registration requests, and appearing before the Official Gazette to request and obtain the mark and trade name in Persian or Latin script, and obtaining official registration and certificates of registration of the marks and trade names, and signing at the foot of the relevant registers, papers, and documents, and delivering any document with the authority to pay government dues, and obtaining any necessary inquiries and certificates, and, after removing all legal obstacles and obtaining the necessary permit from the relevant offices and organizations, then transferring and assigning the mark and trade name to any natural or legal person, including assigning it to oneself, and settling and rescinding any company name, trade name, mark (brand) and industrial design to any legal or natural person, and requesting registration of the transfer and assignment at the Trademark and Industrial Property Registration Office and the Tax Affairs Office and other relevant centers, and appearing before judicial authorities, whether general courts or dispute resolution councils, to defend the principal's rights, and drafting and signing corrective and supplementary acknowledgment instruments, and undertaking any commitment and obligation and signature certification, and removing all obstacles in every respect from the beginning to the end of the official registration and transfer of the mark and trade name, and any action and act that is a necessary prerequisite for carrying out the subject matter of the power of attorney described above, even if not named in this instrument -- provided that the principal's presence is not required at any stage of the registration and transfer process, this power of attorney, in light of the undertakings submitted to the Industrial Property Office regarding pursuit of the trademark registration process, is irrevocable.

Scope of authority:

The above-named attorney, with respect to carrying out the subject matter of this power of attorney, has the right to delegate to another, even repeatedly, and has full and absolute authority in every respect, and the attorney's signature and actions are binding and valid as though they were the principal's own signature and actions, with no need for the principal's renewed presence or consent, and the provisions of this instrument are effective only as to the power of attorney itself.

What Points Should Be Considered When Registering a Company at the Companies Registration Office?

First, the reservation of the company name is carried out only in Tehran. After the name is selected, the Companies Registration Office's expert prepares a draft of the company-registration notice. The draft is delivered to the applicant. Responsibility for the cost of the public-relations notice rests with the public-relations representative for this task. If a license is required, the registration office's expert carries out the necessary inquiry. The registration and notice fees must be deposited. The documents are then delivered to the incorporation and amendments registration unit. One copy of the notice is delivered to the public-relations unit and one copy to the Official Gazette. One month after the date of company registration, a summary of the articles of association and its attachments must be published, at the applicant's expense, in the Official Gazette and in one widely circulated newspaper in the city where the company's head office is located.