Can I do business with an Iranian company?

Since January 2016 it is possible to do business with individuals and entities in Iran, although certain sanctions are still in place. If you intend to do business with Iran, to invest or to provide services, you should familiarize yourself with the restrictions that are still in place.

Is the US friendly with Iran?

Iran and the United States have had no formal diplomatic relations since April 1980. Instead Pakistan serves as Iran’s protecting power in the United States, while Switzerland serves as the United States’ protecting power in Iran.

Can the US export to Iran?

“Since 1979, in order to protect the freedom and security of the American people, the United States has made it illegal to export goods to Iran,” said U.S. Attorney Matthew Schneider for the Eastern District of Michigan.

Is business in Iran illegal?

Currently, US sanctions against Iran include an embargo on dealings with the country by the U.S., and a ban on selling aircraft and repair parts to Iranian aviation companies.

Can a UK company do business with Iran?

Despite the lifting of many sanctions, Iran can be a difficult place to do business. UK businesses looking to trade or invest in Iran should be aware of: sanctions that remain in place, trade regulations and export controls, and ensure all trade activity is sanctions compliant.

Is Iran still under sanctions?

Sanctions by the United States were reinstated in November 2018, and expanded in 2019 and 2020 to cover Iran’s financial sector. The UN arms embargo on Iran expired on 18 October 2020, as agreed in Iran’s 2015 nuclear deal, allowing Iran to import foreign military equipment.

Can U.S. companies trade with Iran?

The United States has since 1979 applied various economic, trade, scientific and military sanctions against Iran. Currently, US sanctions against Iran include an embargo on dealings with the country by the U.S., and a ban on selling aircraft and repair parts to Iranian aviation companies.