If you are a foreign investor in Iran and already have a business there, you have the ability to sell it. It might be an online company, a franchise, a small company, a pub, a restaurant, a car wash, or any other enterprise that you are starting.
Iran’s economy is expanding, and despite the country’s small share in the global market, larger businesses are moving into the country to set up shop. As a result, the market is thriving, and investors have the opportunity to sell their companies, regardless of whether they are limited liability or joint stock companies.
Make sure that all of the relevant documentation are in order, such as an article of association, a certificate of incorporation, a tax identification number, and any licenses or permissions that may be required. You should also think about whether you are selling corporate assets or company shares. In order to make an informed choice, you should solicit feedback from a variety of parties, including the company’s shareholders, customers, and suppliers, amongst other stakeholders.
How to sell your business
The following steps are required to sell your business:
Post your business for sale
It is recommended that, if you want to sell your firm in Iran, you advertise it for sale on as many different platforms as possible in order to attract potential purchasers from within the country. Potential purchasers can get in touch with you through the advertisement placement you do so that they can negotiate the price of the company.
Seek assistance from a broker
Brokers can be beneficial in the process as well, as the broker will get in touch with you to discuss the prospects. Additionally, he or she will go through the commission that will be awarded to him or her following a successful sale.
Consult a lawyer
In order to complete the sale of the business, you will need the assistance of a business attorney. The power of an attorney is being used to process any and all issues and documents that call for legal attention; this is being done in order to ensure that the sale of the business goes off without a hitch.
Valuate your business
Know the value of the business you are selling. The intending buyer will need vital information concerning the value and worth of the share capital, assets, and the company’s financial situation. Make sure all these are put in place before selling the business.
Due diligence before the sale
Make sure all due diligence is prepared for the buyer’s verification, as any error or incorrect statement will be used against you in a court of law. Due diligence gives information about your company’s financial situation, its activities, share capital values, and others.
Negotiate the deal for the sale
The business broker or you will make sure all ends meet and you as the seller and buyer are satisfied with the transaction.